Poland recorded a current account deficit of €1,071 million in May 2026, narrowing from €1,168 million in the same month a year earlier and coming in better than market expectations of a €1,674 million shortfall.
The goods deficit decreased to €1,182 million from €1,637 million in May 2025, as export growth (+5.5%) outpaced the increase in imports (+3.7%). At the same time, the services surplus edged up to €3,379 million from €3,361 million, mainly reflecting stronger positive balances in other business services and transport services.
By contrast, the primary income deficit widened to €3,160 million from €2,843 million, primarily due to higher income earned by foreign direct investors on their equity holdings in Polish entities. The secondary income deficit also increased, rising to €108 million from €49 million, driven by a more negative balance in the government sector, despite favorable developments in other sectors.
