Poland’s gross domestic product shrank 8.2 percent year-on-year in the second quarter of 2020, after expanding 2 percent in the previous quarter and compared with market expectations of an 8.6 percent decline, a preliminary estimate showed. It was the sharpest contraction on record, amid the coronavirus pandemic and the government efforts to curb the spread of the virus. On a seasonally adjusted quarterly basis, the economy slumped 8.9 percent, the most since series began, and following a 0.4 percent contraction in the first quarter of the year.

GDP Annual Growth Rate in Poland averaged 4.05 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 -8.20 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 August of 2020. source: Central Statistical Office of Poland (GUS)

GDP Annual Growth Rate in Poland is expected to be -6.20 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 7.90 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Poland GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-8.20 2.00 8.10 -8.20 1995 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-28 09:00 AM YoY Final Q4 3.2% 3.9% 3.1% 3.1%
2020-05-15 08:00 AM YoY Prel Q1 1.9% 3.2% 1.3% 1%
2020-05-29 08:00 AM YoY Final Q1 2% 3.2% 1%
2020-08-14 08:00 AM YoY Prel Q2 -8.2% 2% -8.6% -10%
2020-08-31 08:00 AM YoY Final Q2 2% -8.2%
2020-11-13 09:00 AM YoY Prel Q3 -6.2%
2020-11-30 09:00 AM YoY Final Q3 -6.2%


News Stream
Poland Q2 GDP Contracts the Most on Record
Poland’s gross domestic product shrank 8.2 percent year-on-year in the second quarter of 2020, after expanding 2 percent in the previous quarter and compared with market expectations of an 8.6 percent decline, a preliminary estimate showed. It was the sharpest contraction on record, amid the coronavirus pandemic and the government efforts to curb the spread of the virus. On a seasonally adjusted quarterly basis, the economy slumped 8.9 percent, the most since series began, and following a 0.4 percent contraction in the first quarter of the year.
2020-08-14
Poland Q4 GDP Growth Revised Higher to 3.2%
Poland’s GDP expanded 3.2 percent year-on-year in the fourth quarter of 2019, revised from a preliminary reading of 3.1 percent and easing from a 3.9 percent expansion in the previous period. It was the weakest growth rate since the last quarter of 2016, as both household consumption (3.3 percent vs 3.9 percent in Q3) and public spending (3.1 percent vs 4.7 percent) advanced at a softer pace. On the other hand, fixed investment increased 4.9 percent, faster than a 4.7 percent growth in the prior period. Net external demand contributed positively to the GDP, as exports rose 1.4 percent (vs 5 percent in Q3) while imports fell 0.7 percent (vs 3.9 percent in Q3). On a seasonally adjusted quarterly basis, the economy advanced 0.3 percent, following a 1.2 percent expansion in the third quarter of 2019. Considering full 2019, Poland's gross domestic product grew 4 percent, slowing from a 5.1 percent expansion in 2018.
2020-02-28
Polish Q4 GDP Growth Weakest in 3 Years
Poland’s GDP expanded 3.1 percent year-on-year in the fourth quarter of 2019, easing from a 3.9 percent advance in the previous period and slightly above market expectations of 3.0 percent, preliminary estimates showed. It was the lowest annual growth rate since Q4 2016. On a seasonally adjusted quarterly basis, the economy advanced 0.2 percent, avoiding a 0.1 contraction predicted by the economists and slowing markedly from a 1.2 percent rise in Q3. For full 2019, Poland's gross domestic product grew 4 percent, easing from a 5.1 percent expansion in 2018.
2020-02-14
Poland GDP Grows 4% in 2019
Poland's gross domestic product grew 4 percent in 2019, easing from a 5.1 percent expansion in 2018 and missing market expectations of a 4.2 percent advance. Both household consumption (3.9 percent vs 4.3 percent in 2018) and fixed investment (7.8 percent vs 8.9 percent) slowed. On the production side, output rose softer for industry (4.2 percent vs 4.6 percent) and construction (2.8 percent vs 12.2 percent) while that of trade; repair of motor vehicles edged up (4.7 percent vs 4.6 percent). Data from last November showed the economy expanded 3.9 percent in the third quarter of 2019, slowing from a 3.9 percent gain in the previous three-month period.
2020-01-29

Poland GDP Annual Growth Rate
Poland’s 38-million consumer market is one of the biggest in Europe. Poland's main industries are:food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. 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.