Poland GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The preliminary estimate for the Polish economy indicated an advance of 1.1 percent on quarter in the three months to September of 2017, up to downwardly revised 0.9 percent in the second quarter and beating market expectations of 0.7 percent gain. GDP Growth Rate in Poland averaged 1 percent from 1995 until 2017, reaching an all time high of 6.10 percent in the first quarter of 1997 and a record low of -3.10 percent in the fourth quarter of 1996.

Poland GDP Growth Rate
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Poland GDP Growth Confirmed at 1.1% in Q2

The Polish economy advanced 1.1 percent on quarter in the three months to June of 2017, the same as in the previous period and in line with the preliminary estimate. Household spending was the main driver of the expansion while net trade weighed down on the growth, final figures showed.

Household spending went up 1.3 percent, the same as in the previous period while public expenditure (1.5 percent compared to 0.1 percent in the previous period) and gross fixed capital formation (0.5 percent compared to 0.3 percent) rose faster.

On the other hand, exports stalled (1.2 percent in the previous period) and imports edged up a meager 0.1 percent (3.6 percent in the previous period). 

Year-on-year, the economy advanced 3.9 percent, slightly below 4 percent in the previous quarter and in line with the preliminary estimate. Net traded posted the strongest drag on growth in nearly three years as exports rose 2.8 percent and imports went up at a much faster 6.1 percent. On the other hand, gross fixed capital formation came back to growth (0.8 percent) after five consecutive quarters of decline. Household spending jumped 4.9 percent and public expenditure rose 2.4 percent. 

Central Statistical Office of Poland | Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2017 9:39:15 AM

Calendar GMT Actual Previous Consensus TEForecast
2017-08-16 08:00 AM GDP Growth Rate QoQ Prel 1.1% 1.1% 0.8% 0.9%
2017-08-31 08:00 AM GDP Growth Rate QoQ Final 1.1% 1.1% 1.1% 1.1%
2017-11-14 09:00 AM GDP Growth Rate QoQ Prel 1.1% 0.9% 0.7% 0.8%
2017-11-30 09:00 AM GDP Growth Rate QoQ Final 1.1% 0.8%

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.90 6.10 -3.10 percent [+]
GDP Annual Growth Rate 4.70 4.00 8.10 0.10 percent [+]
GDP 469.51 477.34 545.15 63.90 USD Billion [+]
GDP Constant Prices 466894.70 446565.00 523314.50 82266.40 PLN Million [+]
Gross Fixed Capital Formation 76050.00 52605.50 138938.50 11786.40 PLN Million [+]
GDP per capita 15048.98 14641.57 15048.98 5510.63 USD [+]
GDP per capita PPP 26003.01 25299.05 26003.01 9521.78 USD [+]
Gdp From Agriculture 9500.50 10150.10 12846.30 5005.60 PLN Million [+]
Gdp From Construction 30090.60 18583.40 40832.40 6350.90 PLN Million [+]
Gdp From Manufacturing 77045.80 88128.30 101408.60 28635.00 PLN Million [+]

Poland GDP Growth Rate

Poland is the 8th biggest economy in the European Union, yet GDP per capita remains significantly below the EU average. The country's industrial base combines coal, textile, chemical, machinery, iron, and steel sectors and has expanded more recently to include fertilizers, petrochemicals, machine tools, electrical machinery, electronics, cars and shipbuilding. 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. . This page provides - Poland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.90 6.10 -3.10 1995 - 2017 percent Quarterly

GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17