Poland's Q3 C/A deficit hits EUR 2.1bn
January 3, 2014
Poland recorded a current account deficit of EUR 2.1 billion in Q3 2013, as compared to EUR 486 mln surplus in Q2 2013, according to figures released by the National Bank of Poland on Thursday.
The Q3 headline figure includes a EUR 4.6 billion income gap against a EUR 1.0 billion trade surplus, a positive balance on current transfers of EUR 508 million and a surplus in services of EUR 1.047 billion.
Third quarter goods exports measured EUR 39.44 billion and were up by 5.6% year on year. Imports of EUR 38.42 bln increased by 1.7% y/y.