Poland's gross domestic product shrank 2.8 percent from a year earlier in the fourth quarter of 2020, following a 1.5 percent contraction in the previous period, in line with preliminary estimates. Household consumption fell 3.2 percent, after rising 0.4 percent in Q3 and gross fixed capital formation declined 10.9 percent (vs -9 percent in Q3). On a seasonally adjusted quarterly basis, the economy fell 0.7 percent, down from a record 7.9 percent expansion in Q3 and also matching earlier projections. source: Central Statistical Office of Poland (GUS)
GDP Annual Growth Rate in Poland averaged 3.95 percent from 1995 until 2020, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of -8.40 percent in the second quarter of 2020. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
GDP Annual Growth Rate in Poland is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Poland to stand at 3.70 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 2.50 percent in 2023, according to our econometric models.