‘We’ve done it!’ Delighted PM takes to Facebook as Poland records largest foreign trade surplus in HISTORY
Poland’s foreign trade surplus has made history after a reaching a record EUR 1.9 billion at the end of November 2019.
The Central Statistical Office (GUS) announced on Tuesday that exports in the first 11 months of 2019 grew by 4.8 percent year-on-year to EUR 217.3 billion with imports going up 2.3 percent to EUR 215.4 billion.
Expressed in US dollars, trade surplus after November stood at USD 2.0 billion.
In the third quarter of 2019, Poland’s economy grew by an annual 3.9 percent, with a quarter-to-quarter figure standing at 1.3 percent, the highest in the whole of the EU and over four times better than the EU average of 0.3 percent.
He continued: “This is mainly due to the diligence and resourcefulness of Poles and our joint success.
“My government will do everything to make 2020 even better, and to help Polish companies win over foreign markets with creativity, hard work and a lack of complexes.
“As I have said many times - capital has nationality. Let's try to make it the Polish nationality!”
Poland’s economy is continuing to outperform expectations, despite external problems such as economic slowdown in Germany, with many market observers continuing to revise growth forecasts when data comes in.