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

Poland's economy advanced 1.1 percent on quarter in the first quarter of 2017, higher than preliminary estimates of 1 percent and following 1.7 percent expansion in the previous period. 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-02-28 09:00 AM Q4 1.7% 0.2% 1.7% 1.7%
2017-05-16 08:00 AM Q1 1% 1.7% 0.9% 0.7%
2017-05-31 08:00 AM Q1 1.1% 1.7% 1% 1%
2017-08-16 08:00 AM Q2 1.1% 0.9%
2017-08-31 08:00 AM Q2 1.1% 0.9%
2017-11-14 09:00 AM Q3 0.8%




Poland's GDP Expands 1.1% In Q1


Poland's economy advanced 1.1 percent on quarter in the first quarter of 2017, higher than preliminary estimates of 1 percent and following 1.7 percent expansion in the previous period.

Household spending accelerated (1.4 percent vs 1.2 percent in Q4 of 2016) and investments rebounded (0.3 percent vs -0.2 percent). In contrast, public consumption stalled (vs 0.2 percent).

The net trade contributed less positively, as exports grew at a slower 1.8 percent (from 3.1 percent in Q4 of 2016) while imports rose 3.8 percent (from 1.3 percent). 

Year-on-year, the GDP expanded 4 percent, compared to 2.5 percent growth in the third quarter of 2016, matching preliminary estimates. It was the strongest growth since the fourth quarter of 2015, mainly driven by consumer spending (4.7 percent from 4.5 percent in Q4 of 2016) and government spending (1 percent from -0.2 percent). Also, investments contracted less (-0.4 percent from -9.8 percent). Net external demand contributed less positively, as exports rose 8.3 percent (from 9.3 percent) and imports went up at a faster 8.7 percent (from 8.2 percent). 

Central Statistical Office of Poland | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/31/2017 12:36:55 PM


Recent Releases

Polish GDP Expands The Most In 9 Years
Poland's economy advanced 1.7 percent on quarter in the fourth quarter of 2016, following 0.4 percent expansion in the previous period and in line with preliminary estimates. It was the strongest growth since the fourth quarter of 2007.
Published on 2017-02-28

Polish GDP Growth Confirmed At 0.2% In Q3
Poland's economy advanced 0.2 percent on quarter in the third quarter of 2016, following 0.8 percent growth in the previous period and in line with preliminary estimates.
Published on 2016-11-30

Poland Economy Expands 0.9% in Q2
The Polish economy advanced 0.9 percent in the second quarter of 2016, following 0.1 percent contraction in the previous period and in line with preliminary estimates.
Published on 2016-08-30

Poland GDP Shrinks 0.1% in Q1
The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, reversing from a 1.3 percent expansion in the previous period and in line with preliminary estimates. It is the first contraction since the last quarter of 2012 as lower funds from the European Union dragged public spending and investment down.
Published on 2016-05-31



Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 1.70 6.10 -3.10 percent [+]
GDP Annual Growth Rate 4.00 2.50 8.10 0.10 percent [+]
GDP 477.07 545.16 545.16 63.90 USD Billion [+]
GDP Constant Prices 446565.00 523314.50 523314.50 82266.40 PLN Million [+]
Gross Fixed Capital Formation 52605.50 126620.80 138938.50 11786.40 PLN Million [+]
GDP per capita 14655.20 14090.12 14655.20 5510.63 USD [+]
GDP per capita PPP 25322.54 24346.21 25322.54 9521.78 USD [+]
Gdp From Agriculture 10150.10 11220.40 12846.30 5005.60 PLN Million [+]
Gdp From Construction 18583.40 37823.20 40832.40 6350.90 PLN Million [+]
Gdp From Manufacturing 101408.60 76503.10 101408.60 28635.00 PLN Million [+]


Poland GDP Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.70 6.10 -3.10 1995 - 2017 percent Quarterly



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15