Markets Actual Q3 Q4 Q1 Q2 2020
Currency 3.93 3.9 3.92 3.94 3.97 4.02
Stock Market (points) 56047.39 55968 55317 54677 54043 52795
Government Bond 10Y (%) 1.93 2.22 2.26 2.31 2.35 2.44
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.80 1.2 1.1 1 0.8 0.7
GDP Annual Growth Rate (%) 4.40 3.8 4.4 4 3.9 3
Unemployment Rate (%) 5.30 5.2 5.4 5.5 5.7 5.9
Inflation Rate (%) 2.90 2.5 2 1.7 1.8 1.8
Inflation Rate Mom (%) 0.00 0.4 0.3 0.4 0.3 0.4
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (EUR Million) -77.00 -480 600 400 600 300
Current Account (EUR Million) 21.00 250 150 -320 -520 220
Current Account to GDP (%) -0.70 -1.2 -1.2 -1.5 -1.5 -1.5
Government Debt to GDP (%) 48.90 48 48 47 47 47
Government Budget (% of GDP) -0.40 -2.2 -2.2 -2.6 -2.6 -2.6
Business Confidence (Index Points) 4.10 3.6 3.8 4 4.5 2.5
Manufacturing PMI 47.40 51.2 51 52.5 52.2 53
Consumer Confidence (Index Points) 8.20 7 2.5 6.2 5.1 3.2
Retail Sales MoM (%) 2.80 0.4 0.2 0.3 -0.6 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 32.00 32 32 32 32 32
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.80 1.2 1.1 1 0.8 0.7
GDP Annual Growth Rate (%) 4.40 3.8 4.4 4 3.9 3
GDP (USD Billion) 585.78 605 605 645 645 645
GDP Constant Prices (PLN Million) 512503.60 535853 613530 533004 532491 631935
Gross Fixed Capital Formation (PLN Million) 68308.70 95460 151607 71041 70973 156155
GDP per capita (USD) 16639.70 16700 16700 17200 17200 17200
GDP per capita PPP (USD) 28751.60 29500 29500 30300 30300 30300
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.30 5.2 5.4 5.5 5.7 5.9
Youth Unemployment Rate (%) 10.90 11.5 11.4 11.5 10.7 11.5
Labour Costs (Index Points) 111.40 120 109 115 116 112
Wages (PLN/Month) 4839.24 4773 5058 5195 5038 5210
Wages in Manufacturing (PLN/Month) 4922.57 4798 5027 5132 5124 5178
Wage Growth (%) 7.40 4.2 4 3.6 4.1 3
Minimum Wages (EUR/Month) 523.09 523 523 575 575 575
Population (Million) 37.98 37.99 37.99 38 38 38
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Employment Change (%) 2.70 2.7 2.5 2.4 2.2 2
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 2.90 2.5 2 1.7 1.8 1.8
Inflation Rate Mom (%) 0.00 0.4 0.3 0.4 0.3 0.4
Consumer Price Index CPI (Index Points) 179.10 179 179 179 182 182
Core Inflation Rate (%) 2.20 1.7 1.8 1.8 1.9 2.4
Producer Prices (Index Points) 106.00 108 107 108 108 110
Producer Prices Change (%) 0.60 1.9 2 1.8 2.2 2.2
Food Inflation (%) 6.80 4.4 2.9 2.3 2.1 2.3
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 1.62 1.62 1.62 1.62 1.62 1.62
Foreign Exchange Reserves (USD Million) 116528.90 116000 117000 117000 118000 121000
Deposit Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Private Debt to GDP (%) 120.60 115 115 111 111 111
Cash Reserve Ratio (%) 3.50 3.5 3.5 3.5 3.5 3.5
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) -77.00 -480 600 400 600 300
Current Account (EUR Million) 21.00 250 150 -320 -520 220
Current Account to GDP (%) -0.70 -1.2 -1.2 -1.5 -1.5 -1.5
Imports (EUR Million) 18145.00 18650 15900 19000 18100 16900
Exports (EUR Million) 18068.00 18170 16500 19400 18700 17200
Foreign Direct Investment (EUR Million) 199053.00 215700 215700 221300 221300 221300
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 48.90 48 48 47 47 47
Government Budget (% of GDP) -0.40 -2.2 -2.2 -2.6 -2.6 -2.6
Government Spending (PLN Million) 92340.70 94209 118522 96034 95942 122077
Government Spending to GDP (%) 41.50 42.5 42.5 42.2 42.2 42.2
Government Debt (PLN Million) 975114.05 988000 1007000 1015000 1095000 1112000
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 32.00 32 32 32 32 32
Sales Tax Rate (%) 23.00 23 23 23 23 23
Social Security Rate (%) 44.69 36.12 36.12 36.12 36.12 36.12
Social Security Rate For Companies (%) 21.98 22.41 22.41 22.41 22.41 22.41
Social Security Rate For Employees (%) 22.71 13.71 13.71 13.71 13.71 13.71
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 4.10 3.6 3.8 4 4.5 2.5
Manufacturing PMI 47.40 51.2 51 52.5 52.2 53
Industrial Production (%) 5.80 4.2 4.2 4 4.5 3.2
Industrial Production Mom (%) -2.10 -0.6 0.6 0.6 0.4 0.4
Manufacturing Production (%) -3.40 3.4 3.2 3 3.6 2.5
Car Production (Thousand Units) 39.20 38 29 46 48 32
Car Registrations 45050.00 41500 49900 52900 41500 53900
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 8.20 7 2.5 6.2 5.1 3.2
Retail Sales MoM (%) 2.80 0.4 0.2 0.3 -0.6 0.4
Retail Sales YoY (%) 7.40 4.4 3.2 3.6 3 2.5
Consumer Spending (PLN Million) 321817.50 317863 306906 334690 334368 316114
Consumer Credit (PLN Million) 753789.40 740925 755279 762809 776300 777937
Gasoline Prices (USD/Liter) 1.35 1.31 1.28 1.25 1.22 1.22
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 3.80 5.1 4.5 4 4.2 3.2
Housing Index (Index Points) 118.34 118 118 119 120 124
Building Permits 58495.00 77100 105400 24800 57600 112200


This page has economic forecasts for Poland including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Poland economy.