Poland's gross domestic product shrank 2.8 percent from a year earlier in the fourth quarter of 2020, following a 1.5 percent contraction in the previous period, in line with preliminary estimates. Household consumption fell 3.2 percent, after rising 0.4 percent in Q3 and gross fixed capital formation declined 10.9 percent (vs -9 percent in Q3). On a seasonally adjusted quarterly basis, the economy fell 0.7 percent, down from a record 7.9 percent expansion in Q3 and also matching earlier projections. source: Central Statistical Office of Poland (GUS)

GDP Annual Growth Rate in Poland averaged 3.95 percent from 1995 until 2020, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of -8.40 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 May of 2021.

GDP Annual Growth Rate in Poland is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Poland to stand at 3.70 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Poland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -1.50 8.10 -8.40 1995 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 09:00 AM YoY Final Q3 -1.5% -8.4% -1.6% -1.6%
2021-01-29 09:00 AM Full Year GDP Growth 2020 -2.8% 4.5% -2.8% -3%
2021-02-12 09:00 AM YoY Prel Q4 -2.8% -1.5% -3% -3.2%
2021-02-26 09:00 AM YoY Final Q4 -2.8% -1.5% -2.8% -2.8%
2021-05-14 08:00 AM YoY Prel Q1 -2.8% -0.8%
2021-05-31 08:00 AM YoY Final Q1 -2.8%
2021-08-13 08:00 AM YoY Prel Q2
2021-08-31 08:00 AM YoY Final Q2


News Stream
Polish Q4 GDP Contraction Confirmed at 2.8% YoY
Poland's gross domestic product shrank 2.8 percent from a year earlier in the fourth quarter of 2020, following a 1.5 percent contraction in the previous period, in line with preliminary estimates. Household consumption fell 3.2 percent, after rising 0.4 percent in Q3 and gross fixed capital formation declined 10.9 percent (vs -9 percent in Q3). On a seasonally adjusted quarterly basis, the economy fell 0.7 percent, down from a record 7.9 percent expansion in Q3 and also matching earlier projections.
2021-02-26
Poland Q4 GDP Contracts Less than Expected
Poland's gross domestic product shrank 2.8 percent from a year earlier in the fourth quarter of 2020, following a 1.5 percent contraction in the previous period and compared to market expectations of a 3 percent drop, preliminary estimates showed. On a seasonally adjusted quarterly basis, the economy fell 0.7 percent, down from a record 7.7 percent expansion in Q3 but less than market consensus of a 1 percent decline.
2021-02-12
Poland GDP Contracts 2.8% in 2020
Poland's gross domestic product shrank 2.8 percent in 2020, compared to a 4.5 percent expansion in 2019 and in line with market expectations. It was the first annual economic contraction since 1996, as the pandemic crisis hampered household consumption (-3 percent vs 4 percent in 2019) and fixed investment (-8.4 percent vs 7.2 percent). On the production side, output decreased for industry (-0.2 percent vs 4.3 percent), construction (-3.7 percent vs -4.1 percent) and trade, repair of motor vehicles (-4 percent vs 5.4 percent). Data from last November showed the economy shrank 1.5 percent in the third quarter of 2020, easing from a 8.4 percent contraction in the previous three-month period.
2021-01-29
Poland Q3 GDP Contraction Revised Lower
Poland's gross domestic product shrank by 1.5 percent year-on-year in the third quarter of 2020, compared with an initial estimate of a 1.6 percent contraction and following a historic slump of 8.4 percent in the previous three-month period. Household consumption rose 0.4 percent, rebounding from a 10.8 percent drop in the second quarter, while fixed investment tumbled 9.0 percent, compared to a 10.7 percent slump. Changes in inventories had also a negative contribution (-2.3 percentage points vs -2.0 percentage points in Q2), while a positive impact of the net exports to the economic growth was noted (+1.7 percentage points vs +1.1 percentage points in Q2). On a quarterly basis, Poland's GDP grew by 7.9 percent, partially recovering from a 9.0 percent contraction in the previous period.
2020-11-30

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.