Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.77 3.8 3.83 3.86 3.89 3.95
Stock Market (points) 60289.51 56799 56068 55343 54629 53231
Government Bond 10Y (%) 2.84 2.73 2.77 2.8 2.84 2.92
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.70 0.7 0.7 0.6 0.6 0.5
GDP Annual Growth Rate (%) 5.10 3.8 3.5 3.4 2.8 3.2
Unemployment Rate (%) 5.70 5.2 5.1 5.1 5 5.1
Inflation Rate (%) 1.10 2.5 2.6 2.7 2.8 2.7
Inflation Rate Mom (%) 0.00 0.3 0.4 0.4 0.5 0.5
Interest Rate (%) 1.50 1.5 1.5 1.75 2 2.5
Balance of Trade (EUR Million) -229.00 300 500 -480 600 300
Current Account (EUR Million) -221.00 -200 -480 250 150 220
Current Account to GDP (%) 0.30 -1.2 -1.2 -1.2 -1.2 -1.5
Government Debt to GDP (%) 50.60 47.6 47.6 47.6 47.6 45.1
Government Budget (% of GDP) -1.70 -0.6 -0.6 -0.6 -0.6 -0.2
Business Confidence (Index Points) 5.30 9 9 8 8 5
Manufacturing PMI 47.60 53 53.4 53.2 53.2 53
Consumer Confidence (Index Points) 1.10 3.6 3.2 3 2.5 1.5
Retail Sales MoM (%) 2.10 0.4 -0.4 0.4 0.2 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 32.00 32 32 32 32 32
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.70 0.7 0.7 0.6 0.6 0.5
GDP Annual Growth Rate (%) 5.10 3.8 3.5 3.4 2.8 3.2
GDP (USD Billion) 524.51 564 564 564 564 575
GDP Constant Prices (PLN Million) 516236.40 488218 506829 522085 530691 547673
Gross Fixed Capital Formation (PLN Million) 91965.60 82953 81775 93008 94541 97566
GDP per capita (USD) 15751.23 16700 16700 16700 16700 17200
GDP per capita PPP (USD) 27216.44 27500 27500 27500 27500 28300
GDP From Agriculture (PLN Million) 9864.20 10665 9979 9976 10140 10465
GDP From Construction (PLN Million) 37888.60 23311 39215 39177 38949 40196
GDP From Manufacturing (PLN Million) 92144.40 93312 93220 93188 94724 97756
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.70 5.2 5.1 5.1 5 5.1
Employed Persons (Thousand ) 16617.00 17200 17300 17400 17500 18000
Unemployed Persons (Thousand ) 971.30 932 925 927 936 951
Long Term Unemployment Rate (%) 1.00 0.8 0.9 0.9 1.1 1.5
Youth Unemployment Rate (%) 12.30 8.5 7.8 6.9 6.5 6
Labour Costs (Index Points) 113.60 106 105 116 105 106
Productivity (Index Points) 119.90 114 118 115 142 146
Job Vacancies (Thousand) 90.30 115 130 103 80 85
Wages (PLN/Month) 4580.20 4750 4650 4650 4800 4850
Wages in Manufacturing (PLN/Month) 4752.45 4600 4550 4720 4700 4750
Wage Growth (%) 6.10 4.5 4.2 4.2 4 3
Minimum Wages (EUR/Month) 480.20 525 525 525 525 575
Population (Million) 37.98 38 38 38 38 38.06
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 65.00 65 65 65 65 65
Labor Force Participation Rate (%) 56.50 56.3 56.6 56.4 56.2 56.2
Part Time Employment (Thousand) 1087.40 1190 1200 1200 1250 1320
Employment Change (%) 2.80 3 2.8 2.7 2.5 2
Employment Rate (%) 68.00 66.9 66.9 67 67 67.5
Full Time Employment (Thousand) 15138.90 15800 15900 16000 16200 16900
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.10 2.5 2.6 2.7 2.8 2.7
Inflation Rate Mom (%) 0.00 0.3 0.4 0.4 0.5 0.5
Consumer Price Index CPI (Index Points) 175.50 178 179 180 180 185
Core Consumer Prices (Index Points) 100.60 101 102 102 102 102
Core Inflation Rate (%) 0.60 1.2 1.5 1.9 2 2.2
GDP Deflator (Index Points) 111.42 112 113 114 115 120
Producer Prices (Index Points) 105.10 106 108 108 108 110
Producer Prices Change (%) 2.20 2.3 2 2.2 2 2.2
Export Prices (Index Points) 97.20 102 102 102 102 103
Import Prices (Index Points) 104.40 103 102 102 102 103
Food Inflation (%) 0.90 2.4 2.5 2.4 2.4 2.3
Harmonised Consumer Prices (Index Points) 103.10 105 105 105 106 109
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.50 1.5 1.5 1.75 2 2.5
Money Supply M0 (PLN Million) 269168.30 265000 269000 275801 279000 295000
Money Supply M1 (PLN Million) 974892.80 1091000 1141000 1037050 1209000 1400000
Interbank Rate (%) 1.62 1.62 1.62 1.67 1.67 1.67
Money Supply M2 (PLN Million) 1395254.20 1810000 1870000 1458667 2020000 2260000
Money Supply M3 (PLN Million) 1409695.80 1950000 2030000 1473743 2120000 2450000
Foreign Exchange Reserves (USD Million) 116964.60 114000 115000 111072 117000 125000
Banks Balance Sheet (PLN Million) 1965002.40 2290000 2330000 2055294 2420000 2620000
Deposit Interest Rate (%) 0.50 0.5 0.5 0.55 0.55 0.55
Private Debt to GDP (%) 121.70 115 115 115 115 111
Cash Reserve Ratio (%) 3.50 3.5 3.5 3.5 3.5 3.5
Central Bank Balance Sheet (PLN Million) 439438.50 451000 462000 454126 495000 554000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) -229.00 300 500 -480 600 300
Current Account (EUR Million) -221.00 -200 -480 250 150 220
Current Account to GDP (%) 0.30 -1.2 -1.2 -1.2 -1.2 -1.5
Exports (EUR Million) 20025.00 18900 18100 18170 16500 17200
Imports (EUR Million) 20254.00 18600 17600 18650 15900 16900
External Debt (USD Million) 367245.00 381000 383000 360210 386000 397000
Terms of Trade (Index Points) 93.10 99.03 99.51 100 100 100
Capital Flows (EUR Million) 1283.00 -320 910 -120 -410 -270
Foreign Direct Investment (EUR Million) 199053.00 190700 190700 190700 190700 194300
Remittances (EUR Million) 614.00 710 720 670 750 770
Gold Reserves (Tonnes) 128.60 103 103 112 103 103
Weapons Sales (USD Million) 3.00 5 5 5 5 5
Crude Oil Production (BBL/D/1K) 21.00 21 21 21.02 21 21
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 50.60 47.6 47.6 47.6 47.6 45.1
Government Budget (% of GDP) -1.70 -0.6 -0.6 -0.6 -0.6 -0.2
Government Budget Value (PLN Million) 11060.30 -1600 -2900 3000 -15800 -11600
Government Spending (PLN Million) 90760.50 86908 94158 93846 93302 96287
Government Spending to GDP (%) 41.20 41 41 41 41 41
Government Revenues (PLN Million) 343395.00 87500 175100 268000 352000 367000
Government Debt (PLN Million) 959861.77 1005000 1029000 1046000 1077000 1152000
Fiscal Expenditure (PLN Million) 332334.70 89100 178000 265000 367800 378600
Asylum Applications (persons) 175.00 290 300 250 360 340
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 32.00 32 32 32 32 32
Sales Tax Rate (%) 23.00 23 23 23 23 23
Social Security Rate (%) 36.12 36.12 36.12 36.12 36.12 36.12
Social Security Rate For Companies (%) 22.41 22.41 22.41 22.41 22.41 22.41
Social Security Rate For Employees (%) 13.71 13.71 13.71 13.71 13.71 13.71
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 5.30 9 9 8 8 5
Manufacturing PMI 47.60 53 53.4 53.2 53.2 53
Industrial Production (%) 2.80 4.5 4.4 4.2 4.2 3.2
Industrial Production Mom (%) 0.00 -0.4 0.5 -0.6 0.6 0.4
Manufacturing Production (%) 2.10 4 3.7 3.4 3.2 2.5
Capacity Utilization (%) 82.50 82.9 83 83.4 83.2 84
New Orders (Index Points) 105.40 102 107 105 104 105
Car Production (Thousand Units) 33.40 62 66 45 34 40
Car Registrations 45390.00 51500 40500 41500 49900 53900
Steel Production (Thousand Tonnes) 805.00 890 700 796 582 584
Mining Production (%) -8.90 2.5 2.2 1.7 1.5 1.3
Cement Production (Thousands of Tonnes ) 1654.00 1510 1650 1431 1260 1360
Electricity Production (Gigawatt-hour) 14627.00 14600 13200 13924 15200 15400
Corporate Profits (PLN Million) 88642.50 49100 99100 132400 172000 179000
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 1.10 3.6 3.2 3 2.5 1.5
Retail Sales MoM (%) 2.10 0.4 -0.4 0.4 0.2 0.4
Retail Sales YoY (%) 8.20 4.5 4 3.6 3.2 2.5
Consumer Spending (PLN Million) 306226.40 290642 298573 309696 314801 324874
Personal Savings (%) -9.40 -8.1 3 1.8 15.3 15.7
Consumer Credit (PLN Million) 720832.63 722000 727000 747432 739000 758000
Gasoline Prices (USD/Liter) 1.30 1.22 1.2 1.17 1.14 1.14
Households Debt To GDP (% of GDP) 35.40 34.4 34.4 34.4 34.4 34.1
Households Debt To Income (%) 59.96 56.2 56.2 56.2 56.2 56
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 19.40 6.2 5.8 5.1 4.5 3.2
Housing Index (Index Points) 113.43 112 113 112 112 115
Building Permits 85836.00 27900 61500 95100 125400 132200
Home Ownership Rate (%) 84.20 82.7 82.7 82.7 82.7 82.5


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Poland New Orders Tradingeconomics.com Poland New Orders Forecast - was last updated on Sunday, January 20, 2019.