Poland’s gross domestic product expanded 4.7 percent year-on-year in the first quarter of 2019, easing slightly from a 4.9 percent advance in the prior period and compared with preliminary estimates of 4.6 percent. It was the weakest GDP growth rate since the three months to June of 2017, mainly due to a slowdown in gross fixed capital investment (0.5 percent from 1.6 percent in Q4). Both, household consumption (2.4 percent from 2.1 percent) and government expenditure (1.1 percent from 0.9 percent) advanced faster and net foreign demand contributed positively to growth (0.7 percent from 0.3 percent). On a seasonally adjusted quarterly basis, the economy grew 1.5 percent, faster than a 0.5 percent expansion in the last quarter of 2018. GDP Annual Growth Rate in Poland averaged 4.20 percent from 1995 until 2019, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of 0.10 percent in the first quarter of 2013.
GDP Annual Growth Rate in Poland is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Poland to stand at 4.00 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.