Poland’s gross domestic product shrank 0.3% year-on-year in the first quarter of 2023, shifting from an upwardly revised 2.3% expansion in the previous three-month period and coming below preliminary estimates of 0.2% contraction. It was also the first economic downturn since the Q4 of 2020, triggered by a drop in gross capital formation (-18.4% vs 10.4% in the 4th quarter of 2022) and total consumption (-1.6% vs -1.1%). The positive impact was noted, however, from net exports growth (4.3% vs 1.7%). On a seasonally adjusted quarterly basis, the economy rose by 3.8%, missing the advanced figures of 3.9% but rebounding from a downwardly revised 2.3% decline in Q4 2022. source: Central Statistical Office of Poland (GUS)

GDP Annual Growth Rate in Poland averaged 4.07 percent from 1995 until 2023, reaching an all time high of 12.30 percent in the second quarter of 2021 and a record low of -7.80 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 June of 2023.

GDP Annual Growth Rate in Poland is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 2.50 percent in 2024 and 2.90 percent in 2025, according to our econometric models.

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Poland GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-16 08:00 AM YoY Prel Q1 -0.2% 2.3% -0.8% -1.2%
2023-05-31 08:00 AM YoY Final Q1 -0.3% 2.3% -0.2% -0.2%
2023-08-17 08:00 AM YoY Prel Q2 -0.3% 1.4%


Related Last Previous Unit Reference
GDP Growth Rate 3.80 -2.30 percent Mar 2023
GDP Annual Growth Rate -0.30 2.30 percent Mar 2023
GDP Constant Prices 750874.00 685404.60 PLN Million Dec 2022
Gross Fixed Capital Formation 167574.60 113262.60 PLN Million Dec 2022
Full Year GDP Growth 4.90 6.80 percent Dec 2022
GDP from Manufacturing 151957.70 111746.50 PLN Million Dec 2022
GDP from Construction 48178.60 43643.80 PLN Million Dec 2022
GDP from Agriculture 13094.00 14179.80 PLN Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.30 2.30 12.30 -7.80 1995 - 2023 percent Quarterly
NSA

News Stream
Poland GDP Below Preliminary Estimates in Q1
Poland’s gross domestic product shrank 0.3% year-on-year in the first quarter of 2023, shifting from an upwardly revised 2.3% expansion in the previous three-month period and coming below preliminary estimates of 0.2% contraction. It was also the first economic downturn since the Q4 of 2020, triggered by a drop in gross capital formation (-18.4% vs 10.4% in the 4th quarter of 2022) and total consumption (-1.6% vs -1.1%). The positive impact was noted, however, from net exports growth (4.3% vs 1.7%). On a seasonally adjusted quarterly basis, the economy rose by 3.8%, missing the advanced figures of 3.9% but rebounding from a downwardly revised 2.3% decline in Q4 2022.
2023-05-31
Poland GDP Contracts for 1st Time in 2 Years
Poland’s gross domestic product shrank 0.2% year-on-year in the first quarter of 2023, shifting from an upwardly revised 2.3% expansion in the previous three-month period but less than market expectations of a 0.8% contraction, preliminary estimates showed. The latest reading also marked the first economic downturn since the fourth quarter of 2020. On a seasonally adjusted quarterly basis, the economy expanded 3.9%, rebounding from a downwardly revised 2.3% drop in the prior quarter and easily beating market estimates of a 0.7% growth.
2023-05-16
Poland Q4 GDP Growth Confirmed at 2%
Poland’s gross domestic product advanced by 2% year-on-year in the fourth quarter of 2022, following a 3.6% growth in the previous three-month period and in line with preliminary estimates. It marked the eighth consecutive quarter of economic expansion, though the slowest since the first quarter of 2021. Gross value added in national economy in the 4th quarter of 2022 was 2.4% higher than in the corresponding quarter of 2021, of which: in industry by 3.5%; in construction by 0.8%; in transportation and storage by 2.9%; in financial and insurance activities by 11.2%; and in public administration and defense, compulsory social security, education, human health and social work activities altogether by 2.2%. On a seasonally adjusted quarterly basis, the GDP contracted by 2.4%, following a 1% expansion in the previous period.
2023-02-28