Markets Actual Q2 Q3 Q4 Q1 2020
Currency 3.80 3.86 3.89 3.92 3.94 4
Stock Market (points) 58857.01 57198 56497 55802 55113 53768
Government Bond 10Y (%) 2.43 2.68 2.72 2.76 2.79 2.87
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.50 0.9 1.2 1.1 1 0.7
GDP Annual Growth Rate (%) 4.70 4.3 3.8 4.4 4 3
Unemployment Rate (%) 5.60 5.4 5.2 5.4 5.5 5.9
Inflation Rate (%) 2.40 2.4 1.9 1.6 1.7 1.8
Inflation Rate Mom (%) 0.20 0.2 0.4 0.3 0.4 0.4
Interest Rate (%) 1.50 1.5 1.75 2 2.25 2.5
Balance of Trade (EUR Million) 279.00 500 -480 600 400 300
Current Account (EUR Million) 718.00 -480 250 150 -320 220
Current Account to GDP (%) -0.70 -1.2 -1.2 -1.2 -1.5 -1.5
Government Debt to GDP (%) 48.90 48 48 48 47 47
Government Budget (% of GDP) -0.40 -2.2 -2.2 -2.2 -2.6 -2.6
Business Confidence (Index Points) 6.20 4.5 3.6 3.8 4 2.5
Manufacturing PMI 48.80 50.5 51.2 51 52.5 53
Consumer Confidence (Index Points) 8.30 3.2 3 2.5 2 1.5
Retail Sales MoM (%) 0.00 -0.4 0.4 0.2 0.3 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.50 0.9 1.2 1.1 1 0.7
GDP Annual Growth Rate (%) 4.70 4.3 3.8 4.4 4 3
GDP (USD Billion) 524.51 564 564 564 575 575
GDP Constant Prices (PLN Million) 512503.60 508161 522777 613530 611179 631935
Gross Fixed Capital Formation (PLN Million) 68308.70 82845 93131 151607 151026 156155
GDP per capita (USD) 15751.23 16700 16700 16700 17200 17200
GDP per capita PPP (USD) 27216.44 27500 27500 27500 28300 28300
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 5.60 5.4 5.2 5.4 5.5 5.9
Youth Unemployment Rate (%) 10.60 10.6 10.6 10.6 10.7 10.9
Labour Costs (Index Points) 103.50 118 118 118 118 122
Wages (PLN/Month) 5014.94 4752 4773 5274 5254 5432
Wages in Manufacturing (PLN/Month) 4956.85 4867 4798 5027 4856 5178
Wage Growth (%) 7.10 5.1 4.2 4 3.6 3
Minimum Wages (EUR/Month) 523.09 523 523 523 575 575
Population (Million) 37.98 37.99 37.99 37.99 38 38
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Employment Change (%) 2.90 2.8 2.7 2.5 2.4 2
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.40 2.4 1.9 1.6 1.7 1.8
Inflation Rate Mom (%) 0.20 0.2 0.4 0.3 0.4 0.4
Consumer Price Index CPI (Index Points) 178.60 179 178 178 179 182
Core Inflation Rate (%) 1.70 1.4 1.4 1.6 1.7 1.9
Producer Prices (Index Points) 106.20 108 108 107 108 110
Producer Prices Change (%) 2.60 2.3 2.2 2 2.1 2.2
Food Inflation (%) 3.30 2.2 2 2.4 2.3 2.3
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.50 1.5 1.75 2 2.25 2.5
Interbank Rate (%) 1.62 1.62 1.62 1.62 1.87 1.87
Foreign Exchange Reserves (USD Million) 118619.20 115000 116000 117000 117000 121000
Deposit Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 0.75
Private Debt to GDP (%) 121.70 115 115 115 111 111
Cash Reserve Ratio (%) 3.50 3.5 3.5 3.5 3.5 3.5
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) 279.00 500 -480 600 400 300
Current Account (EUR Million) 718.00 -480 250 150 -320 220
Current Account to GDP (%) -0.70 -1.2 -1.2 -1.2 -1.5 -1.5
Imports (EUR Million) 19161.00 17600 18650 15900 19000 16900
Exports (EUR Million) 19440.00 18100 18170 16500 19400 17200
Foreign Direct Investment (EUR Million) 199053.00 215700 215700 215700 221300 221300
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 48.90 48 48 48 47 47
Government Budget (% of GDP) -0.40 -2.2 -2.2 -2.2 -2.6 -2.6
Government Spending (PLN Million) 92340.70 91772 91910 118522 118068 122077
Government Spending to GDP (%) 41.50 42.5 42.5 42.5 42.2 42.2
Government Debt (PLN Million) 978996.90 1029000 1046000 1077000 1095000 1152000
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 6.20 4.5 3.6 3.8 4 2.5
Manufacturing PMI 48.80 50.5 51.2 51 52.5 53
Industrial Production (%) 9.20 4.4 4.2 4.2 4 3.2
Industrial Production Mom (%) 0.10 0.5 -0.6 0.6 0.6 0.4
Manufacturing Production (%) 9.60 3.7 3.4 3.2 3 2.5
Car Production (Thousand Units) 43.40 66 45 34 65 40
Car Registrations 46379.00 40500 41500 49900 52900 53900
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 8.30 3.2 3 2.5 2 1.5
Retail Sales MoM (%) 0.00 -0.4 0.4 0.2 0.3 0.4
Retail Sales YoY (%) 13.60 4 3.6 3.2 2.9 2.5
Consumer Spending (PLN Million) 321817.50 300511 310106 306906 305731 316114
Consumer Credit (PLN Million) 735779.89 714820 722844 755279 762809 777937
Gasoline Prices (USD/Liter) 1.37 1.24 1.21 1.18 1.15 1.15
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 13.40 5.8 5.1 4.5 4 3.2
Housing Index (Index Points) 116.11 113 112 112 113 115
Building Permits 30592.00 51500 77100 105400 24800 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.