Polish GDP Growth Revised Up to 0.6%

In the fourth quarter of 2013, Poland’s economic growth was revised upwards to 0.6 percent on a quarter-on-quarter basis, up from an earlier estimate of 0.5 percent, but down from 0.7 percent in the previous three-month period.

Quarter-on-quarter, total consumption expenditure in the fourth quarter of 2013 increased by 0.7 percent, while individual consumption rose 0.6 percent. Gross fixed capital formation expanded 0.4 percent.

On the production side, the gross value added in industry was 0.1 percent higher, while the one in construction was 0.9 percent lower. 

The value added was also higher in transportation and storage (+3.1 percent), financial and insurance activities (+10.8 percent) and in public administration and defense (+0.5 percent). In contrast the value added for trade and repair was 0.5 percent lower.

Compared with the same quarter of 2012, the GDP expanded 2.7 percent in the last three months of 2013, up from 1.9 percent in the previous quarter, as exports contributed 1.5 percentage points to the expansion, while domestic demand added 1.2 percentage points.

Polish GDP Growth Revised Up to 0.6%

Central Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2014 10:46:14 AM