The Gross Domestic Product (GDP) in Poland expanded 0.50 percent in the first quarter of 2024 over the previous quarter. GDP Growth Rate in Poland averaged 0.97 percent from 1995 until 2024, reaching an all time high of 6.80 percent in the third quarter of 2020 and a record low of -9.20 percent in the second quarter of 2020. source: Central Statistical Office of Poland (GUS)
GDP Growth Rate in Poland is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland GDP Growth Rate is projected to trend around 1.20 percent in 2025 and 0.70 percent in 2026, according to our econometric models.
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| Calendar | GMT | Reference | Actual | Previous | Consensus | TEForecast | |
|---|---|---|---|---|---|---|---|
| 2024-05-15 | 08:00 AM | QoQ Prel | Q1 | 0.4% | -0.1% | 0.7% | 1.0% |
| 2024-06-03 | 08:00 AM | QoQ Final | Q1 | 0.5% | 0% | 0.4% | 0.4% |
| 2024-08-14 | 08:00 AM | QoQ Prel | Q2 | 1.3% | |||
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Full Year GDP Growth | 0.20 | 5.30 | percent | Dec 2023 |
| GDP Growth Rate YoY | 2.00 | 1.00 | percent | Mar 2024 |
| GDP Constant Prices | 850458.20 | 772122.20 | PLN Million | Dec 2023 |
| GDP from Agriculture | 25015.40 | 20071.60 | PLN Million | Mar 2024 |
| GDP from Construction | 29199.90 | 53015.70 | PLN Million | Mar 2024 |
| GDP from Manufacturing | 178416.50 | 125102.30 | PLN Million | Dec 2023 |
| GDP Growth Rate | 0.50 | 0.00 | percent | Mar 2024 |
| Gross Fixed Capital Formation | 102511.30 | 204091.70 | PLN Million | Mar 2024 |
Poland GDP Growth Rate
Poland is the 8th biggest economy in the European Union, yet GDP per capita remains significantly below the EU average. The country's industrial base combines coal, textile, chemical, machinery, iron, and steel sectors and has expanded more recently to include fertilizers, petrochemicals, machine tools, electrical machinery, electronics, cars and shipbuilding. On the expenditure side, household consumption is the main component of GDP and accounts for 60 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (18 percent). Exports of goods and services account for 47 percent of GDP while imports account for 46 percent, adding 1 percent of total GDP.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 0.50 | 0.00 | 6.80 | -9.20 | 1995 - 2024 | percent | Quarterly | SA |
Compare GDP Growth Rate by Country
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Polish Corporate Wage Growth Ticks Up in May
Poland Employment Falls the Most in 8 Months
Poland Industrial Production Falls in May
Poland Producer Prices Fall the Least in 5 Months
Poland Inflation Confirmed at 2.5%
Poland Current Account Gap Narrows in April
Poland Interest Rate Unchanged as Expected
Poland GDP Growth Revised Higher
Polish Manufacturing Sector Shrinks the Most in 7 Months
Poland Jobless Rate Fell as Expected
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