Poland's gross domestic product shrank 0.9 percent from a year earlier in the first quarter of 2021, following a 2.7 percent contraction in the previous three-month period and compared with an earlier estimate of a 1.2 percent fall. It was the fourth consecutive quarter of economic downturn, although at the softest pace in the current sequence. Household consumption rose 0.2 percent, after decreasing 3.2 percent in Q4 and gross fixed capital formation increased 1.3 percent, following a 15.4 percent slump in the previous period. Changes in inventories had a positive contribution (+0.3 percentage points vs +1.3 percentage points in Q4), while a negative impact of the net exports to the economic growth was noted ( -1.9 percentage points vs +0.1 percentage points in Q4). On a seasonally adjusted quarterly basis, the GDP rose by 1.1 percent, following a 0.5 percent drop in the previous period and compared with a preliminary reading of a 0.9 percent growth. source: Central Statistical Office of Poland (GUS)

GDP Annual Growth Rate in Poland averaged 3.89 percent from 1995 until 2021, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of -8.30 percent in the second quarter of 2020. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

GDP Annual Growth Rate in Poland is expected to be 8.30 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 3.80 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 3.70 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Poland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -2.70 8.10 -8.30 1995 - 2021 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-12 09:00 AM YoY Prel Q4 -2.8% -1.5% -3% -3.2%
2021-02-26 09:00 AM YoY Final Q4 -2.8% -1.5% -2.8% -2.8%
2021-05-14 08:00 AM YoY Prel Q1 -1.2% -2.7% -1.3% -0.8%
2021-05-31 08:00 AM YoY Final Q1 -0.9% -2.7% -1.2% -1.2%
2021-08-13 08:00 AM YoY Prel Q2 -0.9% 8.3%
2021-08-31 08:00 AM YoY Final Q2 -0.9%
2021-11-12 09:00 AM YoY Prel Q3 5.2%
2021-11-30 09:00 AM YoY Final Q3


News Stream
Poland Q1 GDP Contracts Less than Initially Thought
Poland's gross domestic product shrank 0.9 percent from a year earlier in the first quarter of 2021, following a 2.7 percent contraction in the previous three-month period and compared with an earlier estimate of a 1.2 percent fall. It was the fourth consecutive quarter of economic downturn, although at the softest pace in the current sequence. Household consumption rose 0.2 percent, after decreasing 3.2 percent in Q4 and gross fixed capital formation increased 1.3 percent, following a 15.4 percent slump in the previous period. Changes in inventories had a positive contribution (+0.3 percentage points vs +1.3 percentage points in Q4), while a negative impact of the net exports to the economic growth was noted ( -1.9 percentage points vs +0.1 percentage points in Q4). On a seasonally adjusted quarterly basis, the GDP rose by 1.1 percent, following a 0.5 percent drop in the previous period and compared with a preliminary reading of a 0.9 percent growth.
2021-05-31
Poland Economy Contracts for 4th Straight Quarter
Poland's gross domestic product shrank 1.2 percent year-on-year in the first quarter of 2021, easing from a downwardly revised 2.7 percent drop in the previous three-month period and broadly in line with market expectations of a 1.3 percent fall, a preliminary estimate showed. That was the fourth consecutive period of contraction, as activity and demand were hit by coronavirus-induced restrictive measures. On a seasonally adjusted quarterly basis, the GDP rose by 0.9 percent, following a revised 0.5 percent decline in the previous period.
2021-05-14
Polish Q4 GDP Contraction Confirmed at 2.8% YoY
Poland's gross domestic product shrank 2.8 percent from a year earlier in the fourth quarter of 2020, following a 1.5 percent contraction in the previous period, in line with preliminary estimates. Household consumption fell 3.2 percent, after rising 0.4 percent in Q3 and gross fixed capital formation declined 10.9 percent (vs -9 percent in Q3). On a seasonally adjusted quarterly basis, the economy fell 0.7 percent, down from a record 7.9 percent expansion in Q3 and also matching earlier projections.
2021-02-26
Poland Q4 GDP Contracts Less than Expected
Poland's gross domestic product shrank 2.8 percent from a year earlier in the fourth quarter of 2020, following a 1.5 percent contraction in the previous period and compared to market expectations of a 3 percent drop, preliminary estimates showed. On a seasonally adjusted quarterly basis, the economy fell 0.7 percent, down from a record 7.7 percent expansion in Q3 but less than market consensus of a 1 percent decline.
2021-02-12

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.