Poland Current Account to GDP

Poland recorded a Current Account deficit of 1.30 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Poland is reported by the Eurostat. Current Account to GDP in Poland averaged -4.85 Percent from 1980 until 2013, reaching an all time high of 5.30 Percent in 1994 and a record low of -15.70 Percent in 1981. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Poland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.30 -3.70 5.30 -15.70 -1.18 | 2014/12 1980 - 2013 Percent Yearly

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Poland Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
External Debt 379279.00 2013-12-31 376557.00 379279.00 59532.45 383232.92 2014-03-31 USD Million [+]
Foreign Direct Investment 178256.70 2012-12-31 157151.10 178256.70 9228.20 193249.64 2013-12-31 EUR Million [+]
Remittances 693.00 2013-08-15 685.00 828.00 154.00 692.02 2013-12-31 EUR Million [+]
Terms of Trade 96.20 2013-12-15 106.60 112.30 90.60 100.37 2014-01-31 Index Points [+]
Current Account to GDP -1.30 2013-12-31 -3.70 5.30 -15.70 -1.18 2014-12-31 Percent [+]
Balance of Trade 179.00 2014-02-28 426.00 660.00 -2066.00 -11.87 2014-03-31 EUR Million [+]
Exports 12773.00 2014-02-28 13517.00 15145.00 2499.00 13440.20 2014-03-31 EUR Million [+]
Imports 12594.00 2014-02-28 13091.00 14886.00 3418.00 13789.70 2014-03-31 EUR Million [+]
Current Account -572.00 2014-02-15 -825.00 569.00 -3367.00 -816.19 2014-03-31 EUR Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Poland Unemployment Rate at 13.9%  
In February of 2014, Polish jobless rate slowed marginally to 13.9 percent from 14 percent in January. It is the first decline in six months.
Polish GDP Growth Revised Up to 0.6%  
In the fourth quarter of 2013, Poland’s economic growth was revised upwards to 0.6 percent on a quarter-on-quarter basis, up from an earlier estimate of 0.5 percent, but down from 0.7 percent in the previous three-month period.
Polish Unemployment Rate Rises in January  
In January of 2014, Poland’s jobless rate rose for the third straight month to 14 percent from 13.4 percent recorded in December last year. A year earlier, unemployment was recorded at 14.2 percent.
Polish Economy Expands Less Than Forecast in Q4  
Poland's GDP grew 0.5 percent from the previous quarter in the last three months of 2013, down from 0.7 percent in the third quarter as consumer spending recovery was lower than expected.
Poland Unemployment Rises to 7-Month High in December  
In December of 2013, Polish jobless rate rose to 13.4 percent from 13.2 percent recorded in November. It is the highest jobless rate since May of 2013.
Polish Unemployment Rate Rises in November  
In November of 2013, Polish jobless rate increased to 13.2 percent after remaining steady at 13 percent in the previous three months, mainly due to seasonal effects. Last year, November’s unemployment was recorded at 12.9 percent.
Polish GDP Growth Confirmed at 0.6% QoQ in Q3  
In the third quarter of 2013, Poland's economy expanded 0.6 percent over the previous three-month period, up from 0.4 percent in the June quarter. The figures match the initial estimate released earlier November and show that the economy accelerated for the third straight quarter.
Poland Unemployment Rate Unchanged in October  
In October, Polish jobless rate remained unchanged at 13 percent for the third consecutive month, after falling in the previous nine months. Youth unemployment continued to fall when compared with the previous year.
Polish Economy Rebounds in Q3  
Poland's GDP expanded by 0.6 percent quarter-to-quarter from July to September compared to 0.4 percent growth in the previous three month period, according to a flash estimate published by statistics office GUS.
Polish Unemployment Rate Steady at 13% in September  
In September of 2013, Poland's unemployment rate remained unchanged at 13 percent, after falling in the previous nine months.
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