Poland’s economy grew 5.1 percent year-on-year in the third quarter of 2018, the same pace as in the previous three-month period, unchanged from the preliminary estimate and in line with market expectations. Household spending advanced at a softer pace (4.5 percent compared to 4.9 percent in Q2) while government expenditure rose further (3.6 percent compared to 3.5 percent). Meantime, gross capital formation increased by 9.9 percent, after rising 4.7 percent in the prior period. Exports grew 4.9 percent (vs 7.6 percent in Q2) while imports went up at a faster 6.9 percent (vs 6.5 percent). On quarter, the economy advanced 1.7 percent, following a 1 percent expansion in the second quarter and in line with market consensus. It was the fastest growth rate since the last quarter of 2016. GDP Annual Growth Rate in Poland averaged 4.18 percent from 1995 until 2018, 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 4.00 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 3.40 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.