FX.co ★ Poland Posts Surprise Current Account Gap

Poland’s current account swung to a deficit of €990 million in February 2026, from a surplus of €247 million in the same month a year earlier, falling short of market expectations for a €399 million surplus. The goods deficit widened to €1,025 million from €600 million in February 2025, as imports grew by 3.3%, outpacing the 1.9% increase in exports. The primary income deficit also deepened, reaching €2,505 million compared with €2,050 million a year before, driven by higher income earned by foreign direct investors on their equity stakes in Polish entities, as well as increased income payments on portfolio and other investments. In addition, the secondary income deficit rose to €489 million from €160 million, mainly due to a more negative balance in the government sector. By contrast, the services surplus edged down only slightly, to €3,029 million from €3,057 million.