Poland’s gross domestic product advanced 8.5 percent year-on-year in the first quarter of 2022, picking up from a 7.6 percent expansion in the previous three-month period and matching preliminary estimates. Significant impact came from changes in inventories, which added 7.7 percentage points (vs 4.3 percentage points in Q4). Consumption expenditure in the households’ sector advanced by 3.9 percent, same as that in the previous quarter. Meanwhile, gross fixed capital formation eased to 0.6 percent (vs 1.1 percent) while net exports contributed negatively (-3.8 percentage points vs -2.5 percentage points). On a seasonally adjusted quarterly basis, the GDP rose by 2.5 percent, advancing from a 1.8 percent rise in the prior period. source: Central Statistical Office of Poland (GUS)

GDP Annual Growth Rate in Poland averaged 4.07 percent from 1995 until 2022, reaching an all time high of 11.30 percent in the second quarter of 2021 and a record low of -7.90 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 July of 2022.

GDP Annual Growth Rate in Poland is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland GDP Annual Growth Rate is projected to trend around 4.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Poland GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 08:00 AM YoY Prel Q1 8.5% 7.6% 7.9% 8%
2022-05-31 08:00 AM YoY Final Q1 8.5% 7.6% 8.5%
2022-08-17 08:00 AM YoY Prel Q2 8.5% 5%


Related Last Previous Unit Reference
GDP Growth Rate 2.50 1.80 percent Mar 2022
GDP Annual Growth Rate 8.50 7.60 percent Mar 2022
GDP Constant Prices 652703.80 695648.50 PLN Million Mar 2022
Gross Fixed Capital Formation 81050.20 153411.60 PLN Million Mar 2022
Full Year GDP Growth 5.70 -2.50 percent Dec 2021
GDP From Manufacturing 113711.00 135885.70 PLN Million Mar 2022
GDP From Construction 26977.20 45922.50 PLN Million Mar 2022
GDP From Agriculture 16081.90 14012.70 PLN Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.50 7.60 11.30 -7.90 1995 - 2022 percent Quarterly
NSA

News Stream
Poland Q1 GDP Growth Confirmed at 8.5%
Poland’s gross domestic product advanced 8.5 percent year-on-year in the first quarter of 2022, picking up from a 7.6 percent expansion in the previous three-month period and matching preliminary estimates. Significant impact came from changes in inventories, which added 7.7 percentage points (vs 4.3 percentage points in Q4). Consumption expenditure in the households’ sector advanced by 3.9 percent, same as that in the previous quarter. Meanwhile, gross fixed capital formation eased to 0.6 percent (vs 1.1 percent) while net exports contributed negatively (-3.8 percentage points vs -2.5 percentage points). On a seasonally adjusted quarterly basis, the GDP rose by 2.5 percent, advancing from a 1.8 percent rise in the prior period.
2022-05-31
Poland GDP Expands More Than Expected In Q1
Poland's gross domestic product advanced 8.5 percent year-on-year in the first quarter of 2022, accelerating from an upwardly revised 7.6 percent expansion in the previous three-month period and above market expectations of a 7.9 percent gain, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP rose by 2.4 percent, following an upwardly revised 1.8 percent growth in the previous period. Still, Russia’s invasion of Ukraine is a serious setback to the country's recovery from the pandemic. Poland is hosting almost 3 million refugees and is providing cash transfers to households hosting refugees as well as direct payments to refugees that could have a fiscal cost of 0.5-1% of GDP depending on the scale and duration of refugee inflows, according to the IMF.
2022-05-17
Poland Q4 GDP Growth Confirmed at 7.3%
Poland’s gross domestic product advanced 7.3 percent year-on-year in the fourth quarter of 2021, picking up from a 5.3 percent expansion in the previous three-month period and in line with preliminary estimates. Consumption expenditure in the households’ sector advanced by 7.9 percent (vs 4.7 percent in Q3) and the gross fixed capital formation rose by 11.7 percent (vs 9.3 percent). Also, there was a significant positive contribution from changes in inventories, amounting to 4.2 percentage points (vs 3.7 percentage points in Q3). On the other hand, a negative impact of the net exports on the economic growth was noted, amounting to -3.2 percentage points (vs -2.7 percentage points). On a seasonally adjusted quarterly basis, the GDP rose by 1.7 percent, also in line with previous estimates and easing from 2.3 percent in the prior period.
2022-02-28