Poland GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

The Polish economy expanded 1 percent on quarter in the three months to December of 2017, unrevised from the preliminary estimate and compared with a 1.2 percent gain in the third quarter. Growth was driven by robust household consumption, government spending and rising investment. GDP Growth Rate in Poland averaged 1.01 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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Polish GDP Growth Revised Up to 1.2% in Q3

The Polish economy expanded 1.2 percent on quarter in the three months to September of 2017, above the preliminary estimate of a 1.1 percent growth and a 0.9 percent gain in the second quarter. It was the strongest growth since the last quarter of 2016, mainly boosted by robust household consumption and rising investment and exports.

Household spending remained at a strong 1.2 percent (the same as in the previous period). Also, investment advanced at a faster 1.2 percent (0.8 percent in the second quarter). Meanwhile, public expenditure slowed to 0.4 percent compared to 1.5 percent growth.

A positive contribution came also from the net trade, as exports jumped 2.7 percent compared to a 0.1 percent marginal growth in the three months to June. Meantime, imports rose 0.6 percent, rebounding from a 0.3 percent decline.

Year-on-year, the economy expanded 4.9 percent, above the preliminary estimates of 4.7 percent and a 4.0 percent gain in the previous period. It was the highest growth rate since the last quarter of 2011. A positive contribution came from household spending, which remained solid at 4.8 percent (4.9 percent in the second quarter), and a 3.3 percent rise in gross fixed capital formation (0.9 percent). Also, net trade gave a boost to the economy, as exports rose 7.6 percent (3.1 percent) and imports went up 5.7 percent (6.0 percent). Meanwhile, public expenditure rose at a slower 1.9 percent compared to 2.1 percent growth in the previous period.

Central Statistical Office of Poland (GUS) | Marta Dubiel | marta.dubiel@tradingeconomics.com
11/30/2017 11:15:35 AM

Calendar GMT Actual Previous Consensus TEForecast
2017-11-30 09:00 AM GDP Growth Rate QoQ Final 1.2% 0.9% 1.1% 1.1%
2018-02-14 09:00 AM GDP Growth Rate QoQ Prel 1% 1.2% 1.2% 0.9%
2018-02-28 09:00 AM GDP Growth Rate QoQ Final 1% 1.2% 1% 1%
2018-05-15 08:00 AM GDP Growth Rate QoQ Prel 1% 1%
2018-05-30 08:00 AM GDP Growth Rate QoQ Final 1%
2018-08-14 08:00 AM GDP Growth Rate QoQ Prel 1.10%

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.20 6.10 -3.10 percent [+]
GDP Annual Growth Rate 5.10 4.90 8.10 0.10 percent [+]
GDP 469.51 477.34 545.15 63.90 USD Billion [+]
GDP Constant Prices 562721.90 487361.60 562721.90 82266.40 PLN Million [+]
Gross Fixed Capital Formation 142077.00 81915.30 142077.00 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 10625.20 9132.60 12846.30 5005.60 PLN Million [+]
Gdp From Construction 44425.60 36927.40 44425.60 6350.90 PLN Million [+]
Gdp From Manufacturing 111187.40 83840.80 111187.40 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 March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.20 6.10 -3.10 1995 - 2017 percent Quarterly

GDP growth rate by Country
Country Last
United States 2.50 Dec/17
India 1.80 Dec/17
China 1.60 Dec/17
Turkey 1.20 Sep/17
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
France 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
Russia 0.10 Sep/17
South Korea -0.20 Dec/17
Indonesia -1.70 Dec/17