The economy of Poland expanded by 5.7 percent in 2021, rebounding sharply from a 2.5 percent contraction in 2020, a preliminary estimate showed. Household spending likely rose 6.2 percent from last year, while fixed capital investment is seen jumping 8.0 percent. source: Central Statistical Office of Poland (GUS)

Full Year GDP Growth in Poland averaged 3.91 percent from 1996 until 2021, reaching an all time high of 7.10 percent in 2007 and a record low of -2.50 percent in 2020. This page includes a chart with historical data for Poland Full Year GDP Growth. Poland Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Full Year GDP Growth in Poland is expected to reach 4.40 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland Full Year GDP Growth is projected to trend around 1.00 percent in 2023 and 2.20 percent in 2024, according to our econometric models.

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Poland Full Year GDP Growth

Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 09:00 AM 2020 -2.8% 4.5% -2.8% -3%
2022-01-31 09:00 AM 2021 5.7% -2.5% 5.5% 5.5%

Related Last Previous Unit Reference
GDP Growth Rate 1.00 -2.30 percent Sep 2022
GDP Annual Growth Rate 3.60 5.80 percent Sep 2022
GDP 674.05 596.62 USD Billion Dec 2021

Poland Full Year GDP Growth
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.
Actual Previous Highest Lowest Dates Unit Frequency
5.70 -2.50 7.10 -2.50 1996 - 2021 percent Yearly