Poland’s external balance deteriorated sharply in February 2026, with the country’s current account shifting from a solid surplus to a sizeable deficit, according to data updated on 13 April 2026. The current account fell to -990 million euros in February, a significant reversal from the 1,053 million euro surplus recorded in January 2026.
The move from surplus to deficit within a single month highlights increased external pressures on Poland’s economy or a change in the balance between exports, imports, income, and transfers. While January’s figures pointed to a supportive external backdrop, February’s negative reading suggests a weakening of that position, potentially raising questions over the sustainability of recent trends in Poland’s trade and capital flows.
Market participants and policymakers are likely to monitor upcoming releases closely to determine whether February’s data marks the start of a more persistent deterioration in the current account, or a temporary setback following a strong start to the year.
