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.

Poland GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 09:00 AM GDP Growth Rate YoY Prel 4.9% 5.1% 4.8% 4.9%
2019-02-28 09:00 AM GDP Growth Rate YoY Final 4.9% 5.1% 4.8% 4.9%
2019-05-15 08:00 AM GDP Growth Rate YoY Prel 4.6% 4.9% 4.6% 4.4%
2019-05-31 08:00 AM GDP Growth Rate YoY Final 4.7% 4.9% 4.6% 4.6%
2019-08-14 08:00 AM GDP Growth Rate YoY Prel 4.7% 4.3%
2019-08-30 08:00 AM GDP Growth Rate YoY Final 4.7% 4.3%
2019-11-14 09:00 AM GDP Growth Rate YoY Prel 3.8%


Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 0.50 6.10 -3.10 percent [+]
GDP Annual Growth Rate 4.70 4.90 8.10 0.10 percent [+]
GDP 585.78 526.37 585.78 63.90 USD Billion [+]
GDP Constant Prices 512503.60 587672.00 587672.00 82266.40 PLN Million [+]
Gross Fixed Capital Formation 68308.70 145217.10 145217.10 11786.40 PLN Million [+]
GDP per capita 16639.70 15826.40 16639.70 5510.70 USD [+]
GDP per capita PPP 28751.60 27346.30 28751.60 9521.80 USD [+]


Poland GDP Annual Growth Rate

Poland’s 38-million consumer market is one of the biggest in Europe. Poland's main industries are:food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. 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. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.90 8.10 0.10 1995 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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