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.