Poland’s economy grew 4.5 percent year-on-year in the second quarter of the year, slightly above a preliminary estimate of 4.4 percent, but slowing from a 4.7 percent expansion in the previous period and beating marker forecasts of 4.4 percent. It was the weakest growth rate since the second quarter of 2017, as government expenditure (3.4 percent from 6.4 percent in Q1) and gross fixed capital investment (9 percent from 12.6 percent) slowed. Meanwhile, household consumption advanced 4.4 percent, higher than a 3.9 percent rise in the first quarter of the year. Exports increased 3.9 percent (vs 5.9 percent in Q1) and imports went up at a faster 4.3 percent (vs 5 percent in Q1). On a seasonally adjusted quarterly basis, the gross domestic product expanded 0.8 percent on quarter in the three months to June, the slowest growth rate since the third quarter of 2016, easing from a 1.4 percent growth in the prior period. GDP Annual Growth Rate in Poland averaged 4.20 percent from 1995 until 2019, reaching an all time high of 8.10 percent in the fourth quarter of 1996 and a record low of 0.10 percent in the first quarter of 2013.

GDP Annual Growth Rate in Poland is expected to be 3.80 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 3.90 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.

Poland GDP Annual Growth Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 08:00 AM GDP Growth Rate YoY Prel Q1 4.6% 4.9% 4.6% 4.4%
2019-05-31 08:00 AM GDP Growth Rate YoY Final Q1 4.7% 4.9% 4.6% 4.6%
2019-08-14 08:00 AM GDP Growth Rate YoY Prel Q2 4.4% 4.7% 4.5% 4.3%
2019-08-30 08:00 AM GDP Growth Rate YoY Final Q2 4.5% 4.7% 4.4% 4.4%
2019-11-14 09:00 AM GDP Growth Rate YoY Prel Q3 4.5% 3.8%
2019-11-29 09:00 AM GDP Growth Rate YoY Final Q3 4.5% 3.8%

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.40 6.10 -3.10 percent [+]
GDP Annual Growth Rate 4.50 4.70 8.10 0.10 percent [+]
GDP 585.78 526.37 585.78 63.90 USD Billion [+]
GDP Constant Prices 531234.20 512503.60 587672.00 82266.40 PLN Million [+]
Gross Fixed Capital Formation 90091.00 68308.70 145217.10 11786.40 PLN Million [+]
GDP per capita 16639.70 15826.40 16639.70 5510.70 USD [+]
GDP per capita PPP 28751.60 27346.30 28751.60 9521.80 USD [+]

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. This page provides - Poland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.70 8.10 0.10 1995 - 2019 percent Quarterly

Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19
Argentina -5.80 Mar/19