Poland's annual economic growth was confirmed at 3.9 percent in the third quarter of 2019, down from 4.6 percent in the previous three-month period, amid a slowdown in both household consumption (3.9 percent vs 4.4 percent in Q2) and fixed investment (4.7 percent vs 9.1 percent). Meanwhile, public spending expanded at a faster rate (4.7 percent vs 3.1 percent), and net external demand contributed positively to the GDP (0.8 percentage points vs 0.2 percentage points), as exports jumped 5.0 percent while imports advanced at a softer 3.9 percent. 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. source: Central Statistical Office of Poland (GUS)

GDP Annual Growth Rate in Poland is expected to be 4.40 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 3.20 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

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Poland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.90 4.60 8.10 0.10 1995 - 2019 percent Quarterly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 08:00 AM GDP Growth Rate YoY Prel Q2 4.4% 4.7% 4.5% 4.3%
2019-08-30 08:00 AM GDP Growth Rate YoY Final Q2 4.5% 4.7% 4.4% 4.4%
2019-11-14 09:00 AM GDP Growth Rate YoY Prel Q3 3.9% 4.6% 4.1% 3.8%
2019-11-29 09:00 AM GDP Growth Rate YoY Final Q3 3.9% 4.6% 3.9% 3.9%
2020-02-14 09:00 AM GDP Growth Rate YoY Prel Q4 3.9% 4.4%


News Stream
2019-11-14
Polish Q3 GDP Growth Weakest in Near 3 Years
Poland’s GDP expanded 3.9 percent year-on-year in the third quarter of 2019, easing from an upwardly revised 4.6 percent advance in the previous period and below market expectations of 4.1 percent, preliminary estimates showed. It was the weakest pace of expansion since the last quarter of 2016. On a seasonally adjusted quarterly basis, the economy grew 1.3 percent, faster than a 0.8 percent advance in the prior quarter and beating forecasts of 1.1 percent.

2019-08-30
Polish Q2 GDP Growth Weakest in 2 Years
Poland’s economy grew 4.5 percent year-on-year in the second quarter of the year, slightly above a preliminary estimate of 4.4 percent, but slowing from a 4.7 percent expansion in the previous period and beating marker forecasts of 4.4 percent. It was the weakest growth rate since the second quarter of 2017, as government expenditure (3.4 percent from 6.4 percent in Q1) and gross fixed capital investment (9 percent from 12.6 percent) slowed. Meanwhile, household consumption advanced 4.4 percent, higher than a 3.9 percent rise in the first quarter of the year. Exports increased 3.9 percent (vs 5.9 percent in Q1) and imports went up at a faster 4.3 percent (vs 5 percent in Q1). On a seasonally adjusted quarterly basis, the gross domestic product expanded 0.8 percent on quarter in the three months to June, the slowest growth rate since the third quarter of 2016, easing from a 1.4 percent growth in the prior period.

2019-08-14
Polish Economic Growth Slows to 2-Year Low
Poland’s GDP expanded 4.4 percent year-on-year in the second quarter of 2019, easing from a 4.7 percent advance in the prior period and missing market expectations of 4.5 percent, a preliminary estimate showed. It was the weakest pace of expansion since the second quarter of 2017. The seasonally-adjusted GDP rose 0.8 percent quarter-on-quarter, compared to a revised 1.4 percent in the previous three-month period.

2019-05-31
Poland Q1 GDP Growth Revised Higher to 4.7% YoY
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.

2019-05-15
Poland Q1 GDP Growth Weakest in Nearly 2 Years
Poland’s economy advanced 4.6 percent year-on-year in the first quarter of 2019, slowing from a 4.9 percent expansion in the previous period but beating market expectations of 4.5 percent, a preliminary estimate showed. It was the weakest growth rate since the second quarter of 2017. On a quarterly basis, the GDP rose 1.4 percent, after a 0.5 percent growth in the prior period.

2019-02-28
Poland Q4 GDP Growth Confirmed at 1-1/2-Year Low of 4.9%
Poland’s gross domestic product expanded 4.9 percent year-on-year in the fourth quarter of 2018, below a 5.1 percent advance in the previous period and in line with earlier estimates. It was the lowest growth rate since the second quarter of 2017, as both household consumption (3 percent from 3.3 percent in Q3) and government expenditure (2.2 percent from 2.7 percent) slowed. Meanwhile, net trade contributed positively to growth (0.2 percent from -0.9 percent in Q3). On a quarterly basis, the economy went up 0.5 percent, easing from a 1.6 percent gain in the third quarter and matching preliminary estimates. It was the softest pace of expansion since the third quarter of 2016. Considering 2018, GDP grew 5.1 percent, following a 4.8 percent in 2017.


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.

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 0.80 6.10 -3.10 percent [+]
GDP Annual Growth Rate 3.90 4.60 8.10 0.10 percent [+]
GDP 585.78 526.37 585.78 63.90 USD Billion [+]
GDP Constant Prices 544165.00 531234.20 586965.20 85287.50 PLN Million [+]
Gross Fixed Capital Formation 97656.70 90091.00 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 [+]