Poland’s economy grew 5.1 percent year-on-year in the third quarter of 2018, the same pace as in the previous three-month period, unchanged from the preliminary estimate and in line with market expectations. Household spending advanced at a softer pace (4.5 percent compared to 4.9 percent in Q2) while government expenditure rose further (3.6 percent compared to 3.5 percent). Meantime, gross capital formation increased by 9.9 percent, after rising 4.7 percent in the prior period. Exports grew 4.9 percent (vs 7.6 percent in Q2) while imports went up at a faster 6.9 percent (vs 6.5 percent). On quarter, the economy advanced 1.7 percent, following a 1 percent expansion in the second quarter and in line with market consensus. It was the fastest growth rate since the last quarter of 2016. GDP Annual Growth Rate in Poland averaged 4.18 percent from 1995 until 2018, 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 4.00 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 3.40 in 12 months time. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Poland GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 08:00 AM GDP Growth Rate YoY Prel 5.1% 5.2% 5.1% 4.7%
2018-08-31 08:00 AM GDP Growth Rate YoY Final 5.1% 5.2% 5.1% 5.1%
2018-11-14 09:00 AM GDP Growth Rate YoY Prel 5.1% 5.1% 4.7% 4.5%
2018-11-30 09:00 AM GDP Growth Rate YoY Final 5.1% 5.1% 5.1% 5.1%
2019-01-24 09:00 AM GDP Growth Rate 2018 4.90%
2019-02-14 09:00 AM GDP Growth Rate YoY Prel 4.90%
2019-02-28 09:00 AM GDP Growth Rate YoY Final 4.90%


Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.70 1.10 6.10 -3.10 percent [+]
GDP Annual Growth Rate 5.10 5.10 8.10 0.10 percent [+]
GDP 524.51 471.40 545.18 63.90 USD Billion [+]
GDP Constant Prices 516236.40 500982.30 548873.90 82266.40 PLN Million [+]
Gross Fixed Capital Formation 91965.60 80831.60 142077.00 11786.40 PLN Million [+]
GDP per capita 15751.23 15067.97 15751.23 5510.63 USD [+]
GDP per capita PPP 27216.44 26035.84 27216.44 9521.78 USD [+]
GDP From Agriculture 9864.20 10531.10 12846.30 5005.60 PLN Million [+]
GDP From Construction 37888.60 22457.50 44425.60 6350.90 PLN Million [+]
GDP From Manufacturing 92144.40 111187.40 111187.40 28635.00 PLN Million [+]


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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.10 8.10 0.10 1995 - 2018 percent Quarterly
NSA




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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