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Foreign debt over 70% of GDP in Q2

13th December 2013
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Poland's foreign debt stood for 70.9 percent of the GDP as of the end of June 2013, the National Bank of Poland said on Thursday. The ration improved by 1.6 percentage points compared with the previous quarter.

Short-term debt stood for 20.7 percent of total debt and for 69.6 of the NBP's foreign currency assets.

The NBP also said that 44.1 percent of the foreign debt was denominated in euro, 35 percent in złoty, 8.6 percent in Swiss francs and 8.3 percent in US dollars.

Poland A.M.

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