The Gross Domestic Product (GDP) in Poland contracted 0.40 percent in the first quarter of 2020 over the previous quarter.

GDP Growth Rate in Poland averaged 1 percent from 1995 until 2020, 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. This page provides - Poland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Central Statistical Office of Poland (GUS)

GDP Growth Rate in Poland is expected to be -8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Poland to stand at 1.50 in 12 months time. In the long-term, the Poland GDP Growth Rate is projected to trend around 0.80 percent in 2021 and 0.60 percent in 2022, according to our econometric models.

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Poland GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.20 6.10 -3.10 1995 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-14 09:00 AM QoQ Prel Q4 0.2% 1.2% -0.1% -0.1%
2020-02-28 09:00 AM QoQ Final Q4 0.3% 1.2% 0.2% 0.2%
2020-05-15 08:00 AM QoQ Prel Q1 -0.5% 0.2% -1.2% -1.1%
2020-05-29 08:00 AM QoQ Final Q1 -0.4% 0.2% -0.5%
2020-08-14 08:00 AM QoQ Prel Q2 -8.9%
2020-08-31 08:00 AM QoQ Final Q2 -8.9%
2020-11-13 09:00 AM QoQ Prel Q3 3.3%
2020-11-30 09:00 AM QoQ Final Q3 3.3%
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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.