Markets Actual Q3 Q4 Q1 Q2 2022
Currency 3.88 3.91 3.95 3.98 4.01 4.08
Stock Market (points) 67329.44 65209 63155 61162 59236 55564
Government Bond 10Y (%) 1.56 1.72 1.79 1.85 1.91 2.05

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.10 4 1.1 0.8 0.8 0.6
GDP Annual Growth Rate (%) -0.90 5.2 3 3.8 4.9 3.7
Unemployment Rate (%) 5.90 6 6.3 6.1 5.8 5.5
Inflation Rate (%) 4.40 3 3.2 2.4 2.6 3
Inflation Rate Mom (%) 0.10 0.3 0.5 0.7 0.4 0.6
Interest Rate (%) 0.10 0.1 0.1 0.1 0.5 1
Balance of Trade (EUR Million) 185.00 800 -2000 1000 4700 -1300
Current Account (EUR Million) 60.00 540 280 750 -620 300
Current Account to GDP (% of GDP) 3.60 2.8 2.8 2 2 2
Government Debt to GDP (% of GDP) 57.50 57 57 55.1 55.1 55.1
Government Budget (% of GDP) -7.00 -4.4 -4.4 -2.3 -2.3 -2.3
Business Confidence (points) -1.40 2.5 4 3.2 3.6 5
Manufacturing PMI (points) 59.40 54.5 53.8 53.6 54.2 54
Consumer Confidence (points) -13.50 -9 -8 -7 -6 1
Retail Sales MoM (%) 3.40 -1 0.5 0.7 0.7 0.5
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 32.00 32 32 32 32 32

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.10 4 1.1 0.8 0.8 0.6
GDP Annual Growth Rate (%) -0.90 5.2 3 3.8 4.9 3.7
GDP (USD Billion) 594.16 550 550 625 625 625
GDP Constant Prices (PLN Million) 559258.70 553588 641542 638220 580511 661834
Gross Fixed Capital Formation (PLN Million) 72883.90 89267 158529 138942 75653 144082
GDP per capita (USD) 16945.24 15900 15900 16800 16800 16800
GDP per capita PPP (USD) 32238.16 32400 32400 33600 33600 33600

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.90 6 6.3 6.1 5.8 5.5
Long Term Unemployment Rate (%) 0.90 1.7 1.6 1.5 1.4 1.2
Youth Unemployment Rate (%) 13.50 13.4 13.7 13.5 13.2 13.2
Labour Costs (points) 130.30 138 127 136 136 131
Wages (PLN/Month) 5681.56 5608 5762 5909 5915 5947
Wages in Manufacturing (PLN/Month) 5640.21 5656 5875 5954 5871 6063
Wage Growth (%) 9.80 8.5 5.6 4 4.1 3.2
Minimum Wages (EUR/Month) 619.46 614 614 640 640 640
Population (Million) 37.96 37.95 37.95 37.92 37.92 37.92
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Labor Force Participation Rate (%) 56.50 56 56.1 56.3 56.4 56.6
Employment Change (%) 2.80 4 3.6 3.4 3.2 2.9
Employment Rate (%) 69.40 68.8 68.4 68.6 68.7 69

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 4.40 3 3.2 2.4 2.6 3
Inflation Rate Mom (%) 0.10 0.3 0.5 0.7 0.4 0.6
Consumer Price Index CPI (points) 192.80 190 191 195 198 197
Core Inflation Rate (%) 3.50 3.4 3.2 2.6 2.8 2.4
GDP Deflator (points) 112.89 115 116 116 116 120
Producer Prices (points) 112.60 111 110 115 117 113
Producer Prices Change (%) 7.00 5.6 4 4.2 3.6 2.6
Food Inflation (%) 2.00 2.5 2.4 2.2 1.9 1.9
Harmonised Consumer Prices (points) 113.70 112 113 115 117 117

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.5 1
Interbank Rate (%) 0.11 0.11 0.11 0.11 0.51 0.51
Foreign Exchange Reserves (USD Million) 159406.20 162000 166000 168000 169000 172000
Deposit Interest Rate (%) 0.00 0 0 0 0.4 0.4
Private Debt to GDP (%) 122.70 126 126 118 118 118
Cash Reserve Ratio (%) 0.50 0.5 0.5 0.5 0.5 0.5

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) 185.00 800 -2000 1000 4700 -1300
Current Account (EUR Million) 60.00 540 280 750 -620 300
Current Account to GDP (% of GDP) 3.60 2.8 2.8 2 2 2
Imports (EUR Million) 22451.00 21900 22500 25600 19100 24100
Exports (EUR Million) 22636.00 22700 20500 26600 23800 22800
Foreign Direct Investment (EUR Million) 209504.80 196900 196900 201500 201500 201500

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 57.50 57 57 55.1 55.1 55.1
Government Budget (% of GDP) -7.00 -4.4 -4.4 -2.3 -2.3 -2.3
Government Budget Value (PLN Million) 9350.00 -12000 -7600 -77600 10100 -56200
Government Spending (PLN Million) 105821.70 113000 123933 140788 109843 145997
Government Spending to GDP (% of GDP) 48.70 46 46 43 43 43
Government Revenues (PLN Million) 181478.50 312200 422000 111600 215900 434000
Government Debt (PLN Million) 1125467.59 1172000 1191000 1189000 1178000 1151000
Fiscal Expenditure (PLN Million) 172128.50 312400 499600 101500 211200 490200

Taxes Actual Q3 Q4 Q1 Q2 2022
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 (%) 35.85 35.85 36.12 35.85 35.85 35.85
Social Security Rate For Companies (%) 22.14 22.14 22.41 22.14 22.14 22.14
Social Security Rate For Employees (%) 13.71 13.71 13.71 13.71 13.71 13.71

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) -1.40 2.5 4 3.2 3.6 5
Manufacturing PMI (points) 59.40 54.5 53.8 53.6 54.2 54
Industrial Production (%) 18.40 3.6 4.5 4 4.7 3.4
Industrial Production Mom (%) 4.00 -1.2 0.5 0.9 0.7 0.7
Manufacturing Production (%) 19.40 3.8 5 4.5 5.4 4
Car Production (Thousand Units) 18.80 38 32 36 37 37
Car Registrations 43711.00 45100 52400 51200 41500 59400
Corporate Profits (PLN Million) 70638.00 140900 191000 59900 104500 215000

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -13.50 -9 -8 -7 -6 1
Retail Sales MoM (%) 3.40 -1 0.5 0.7 0.7 0.5
Retail Sales YoY (%) 13.00 4.5 4.2 3.6 4.1 3
Consumer Spending (PLN Million) 343368.30 308427 320919 318117 356416 329888
Personal Savings (%) 14.59 6.2 14.2 -1.6 7 14
Consumer Credit (PLN Million) 802114.64 827162 812751 822624 841418 842823
Gasoline Prices (USD/Liter) 1.44 1.37 1.3 1.24 1.17 1.11
Households Debt To Income (%) 57.67 65 65 61 61 61

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) 4.80 5.9 4.5 3.6 4.2 3
Housing Index (points) 141.16 144 147 146 148 152
Building Permits 60386.00 77200 105200 34200 55100 109800


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.