FX.co ★ Poland Current Account Gap Smaller-than-Expected

In September 2025, Poland experienced a reduction in its current account deficit, bringing it down to EUR 725 million from EUR 810 million in September 2024, which was significantly lower than the anticipated EUR 1,420 million. This improvement was notably due to a shift in the secondary income balance, which transitioned from a deficit of EUR 406 million to a surplus of EUR 530 million, largely attributed to the influx of EU funds. Despite this, the deficit in goods widened considerably, reaching EUR 1,022 million, up from EUR 553 million in the previous year. This increase was driven by a 7.3% year-on-year rise in imports, amounting to EUR 31,094 million, compared to a 5.8% increase in exports, recorded at EUR 30,072 million. Furthermore, the surplus in services contracted slightly to EUR 3,306 million from EUR 3,402 million, while the primary income deficit expanded to EUR 3,539 million from EUR 3,253 million.