Poland balance of payments 1970-1990

Throughout the 1970s and 1980s, Poland, of all the Eastern Bloc countries, experienced the highest level of financial instability and accumulated the largest national debt. Poland's excessive borrowing and negative trade balance saw its annual current account combine to give 16 billion U.S. dollars worth of debt in the 1970s alone. Although Poland exported much more than it imported in the 1980s, significant debt payments (invisibles) to western countries offset progress throughout the decade. Overall, Poland's current account accumulated at -29.4 billion U.S. dollars between 1970 and 1990, three times larger than the other Eastern European COMECON members' combined figure for this period.