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. 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 3.70 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 3.00 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.