Poland: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Poland |
Trade balance as percent of GDP |
|---|---|
| Latest value | 6.09 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1995 - 2023 |
| Average | -0.70 |
| Min - Max | -6.49 - 6.09 |
| Source | The World Bank |
The latest value from 2023 is 6.09 percent, an increase from 1.78 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Poland from 1995 to 2023 is -0.7 percent. The minimum value, -6.49 percent, was reached in 2000 while the maximum of 6.09 percent was recorded in 2023.
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* indicates monthly or quarterly data series
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The trade balance for Poland and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 98.47 | 2021 | percent |
| Trade openness | 109.54 | 2023 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 57.81 | 2023 | percent |
| Exports, billion dollars | 469.01 | 2023 | billion U.S. dollars |
| Growth of exports | 3.35 | 2023 | percent |
| Imports, percent of GDP | 51.72 | 2023 | percent |
| Imports, billion dollars | 419.60 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 3.89 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 36.90 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 733.00 | 2023 | million dollars (current) |
| Current account, percent of GDP | 1.60 | 2023 | percent |
| Current account, in dollars | 12.69 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 6.09 | 2023 | percent |
| Trade balance, in dollars | 49.56 | 2023 | billion U.S. dollars |
| Reserves | 193.78 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.84 | 2023 | percent |
| Remittances | 6,800.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -3,983.00 | 2023 | million USD |
| Foreign exchange reserves | 835.74 | 9/2024 | billion |