Poland's gross domestic product advanced 5.3 percent year-on-year in the third quarter of 2021, slowing from an all-time high of 11.2 percent expansion in the previous three-month period but above an initial estimate of 5.1 percent. Consumption expenditure in the households sector was higher by 4.7 percent (vs 13.1 percent in Q2) and gross fixed capital formation went up by 9.3 percent (vs 5.6 percent). There was a significant positive contribution of changes in inventories which amounted to +3.7 percentage points (against +2.8 percentage points in the 2nd quarter). On the other hand, a negative impact of the net exports on the economic growth was noted, which amounted to -2.7 percentage points (against -0.3 percentage points in the 2nd quarter). On a seasonally adjusted quarterly basis, the GDP rose by 2.3 percent, following a 1.8 percent growth in the previous period and compared to preliminary estimates of 2.1 percent. source: Central Statistical Office of Poland (GUS)

GDP Annual Growth Rate in Poland averaged 3.98 percent from 1995 until 2021, reaching an all time high of 11.20 percent in the second quarter of 2021 and a record low of -8.20 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 December of 2021.

GDP Annual Growth Rate in Poland is expected to be 6.20 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 5.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Poland GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-12 09:00 AM YoY Prel Q3 5.1% 11.2% 4.7% 5.2%
2021-11-30 09:00 AM YoY Final Q3 5.3% 11.2% 5.1%
2022-01-28 09:00 AM Full Year GDP Growth 2022


Related Last Previous Unit Reference
GDP Growth Rate 2.30 1.80 percent Sep/21
GDP Annual Growth Rate 5.30 11.20 percent Sep/21
GDP Constant Prices 612817.20 591344.50 PLN Million Sep/21
Gross Fixed Capital Formation 101701.00 19838.90 PLN Million Sep/21
GDP From Manufacturing 98423.20 91107.70 PLN Million Sep/21
GDP From Construction 40382.00 41418.40 PLN Million Sep/21
GDP From Agriculture 14335.60 13744.10 PLN Million Sep/21

News Stream
Poland Q3 GDP Growth Revised Higher to 5.3% YoY
Poland's gross domestic product advanced 5.3 percent year-on-year in the third quarter of 2021, slowing from an all-time high of 11.2 percent expansion in the previous three-month period but above an initial estimate of 5.1 percent. Consumption expenditure in the households sector was higher by 4.7 percent (vs 13.1 percent in Q2) and gross fixed capital formation went up by 9.3 percent (vs 5.6 percent). There was a significant positive contribution of changes in inventories which amounted to +3.7 percentage points (against +2.8 percentage points in the 2nd quarter). On the other hand, a negative impact of the net exports on the economic growth was noted, which amounted to -2.7 percentage points (against -0.3 percentage points in the 2nd quarter). On a seasonally adjusted quarterly basis, the GDP rose by 2.3 percent, following a 1.8 percent growth in the previous period and compared to preliminary estimates of 2.1 percent.
2021-11-30
Poland Q3 GDP Slows but Beats Market Estimates
Poland's gross domestic product advanced 5.1 percent year-on-year in the third quarter of 2021, slowing from an all-time high of 11.2 percent expansion in the previous three-month period and slightly above market expectations of a 4.7 percent expansion, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP rose by 2.1 percent, following an upwardly revised 1.8 percent growth in the previous period.
2021-11-12
Polish Economic Growth Revised Higher in Q2
The economy of Poland expanded by 11.1 percent year-on-year in the second quarter of 2021, rebounding from a 0.9 percent contraction in the previous period and slightly faster than preliminary estimates of a 10.9 percent expansion. It was the strongest pace of economic growth on record as well as the first expansion since the first quarter of 2020, underpinned by a significant increase in consumer spending (7.4 percent vs 0.1 percent). Positive contributions also came from gross fixed capital formation (0.8 percent vs 0.2 percent) and changes in inventories (2.9 percent vs 0.3 percent), as well as public spending (0.7 percent vs 0.4 percent). On the other hand, net external demand lagged behind, remaining in the downside for a second quarter in a row (-0.7 percent vs -1.9 percent). On a seasonally adjusted quarterly basis, economic growth was revised higher to 2.1 percent from a preliminary estimate of 1.9 percent, gaining momentum from a 1.3 percent advance in the previous period.
2021-08-31

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.