The Gross Domestic Product (GDP) in Poland expanded 2.10 percent in the second quarter of 2021 over the previous quarter. source: Central Statistical Office of Poland (GUS)

GDP Growth Rate in Poland averaged 0.98 percent from 1995 until 2021, reaching an all time high of 7.70 percent in the third quarter of 2020 and a record low of -9.20 percent in the second quarter of 2020. This page provides - Poland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP 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. In the long-term, the Poland GDP Growth Rate is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Poland GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-08-13 08:00 AM QoQ Prel Q2 1.9% 1.3% 2.1% 1%
2021-08-31 08:00 AM QoQ Final Q2 2.1% 1.3% 1.9%
2021-11-12 09:00 AM QoQ Prel Q3 2.1% 2.7%

Poland Last Unit Reference Previous Highest Lowest
GDP Growth Rate 2.10 percent Jun/21 1.30 7.70 -9.20
GDP Annual Growth Rate 11.10 percent Jun/21 -0.90 11.10 -8.30
GDP Constant Prices 591344.50 PLN Million Jun/21 559258.70 619630.70 85442.90
Gross Fixed Capital Formation 19838.90 PLN Million Jun/21 72883.90 155755.10 11831.80
GDP From Manufacturing 91107.70 PLN Million Jun/21 101533.00 125400.80 14962.40
GDP From Construction 41418.40 PLN Million Jun/21 23190.10 43817.20 5400.20
GDP From Agriculture 13744.10 PLN Million Jun/21 14032.30 14032.30 3333.80

Poland GDP Growth Rate
Poland is the 8th biggest economy in the European Union, yet GDP per capita remains significantly below the EU average. The country's industrial base combines coal, textile, chemical, machinery, iron, and steel sectors and has expanded more recently to include fertilizers, petrochemicals, machine tools, electrical machinery, electronics, cars and shipbuilding. 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.