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 June 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.