Polands Current Account Deficit Expands But External Balance Remains Healthy

Poland's 2025 current account deficit is estimated at 0.7% of GDP following a wider-than-expected December gap. However, the external balance remains healthy, and growth is expected to pick up in 2026.

Key Takeaways

• 1.Poland's current account deficit for December 2025 widened to €1,698m, resulting in an estimated full-year 2025 deficit of 0.7% of GDP.
• 2.The external balance is considered robust and consistent with long-term equilibrium, returning to levels seen approximately a decade ago.
• 3.GDP growth is forecasted to accelerate slightly to 3.7% in 2026, supported by a recovery in external demand, particularly from Germany.

Table of Contents

• Poland's current account deficit expands, but external balance remains healthy
• Poland's current account balance in 2016-25 (% of GDP)
• Author
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