Poland GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Polish economy advanced 0.9 percent in the second quarter of 2016, following 0.1 percent contraction in the previous period and in line with preliminary estimates. Year-on-year, the GDP advanced 3.1 percent. GDP Growth Rate in Poland averaged 1 percent from 1995 until 2016, reaching an all time high of 6.10 percent in the first quarter of 1997 and a record low of -3.10 percent in the fourth quarter of 1996. GDP Growth Rate in Poland is reported by the Central Statistical Office of Poland (GUS).

Poland GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.90 -0.10 6.10 -3.10 1995 - 2016 percent Quarterly
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. . This page provides - Poland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-31 08:00 AM Q1 -0.1% 1.1% -0.1% -0.1%
2016-08-12 08:00 AM Q2 0.9% -0.1% 0.5%
2016-08-30 08:00 AM Q2 0.9% -0.1% 0.9%
2016-11-15 09:00 AM Q3 0.9% 0.6%
2016-11-25 09:00 AM Q3 0.9%

Poland Economy Expands 0.9% in Q2


The Polish economy advanced 0.9 percent in the second quarter of 2016, following 0.1 percent contraction in the previous period and in line with preliminary estimates.

Public spending grew 0.7 percent after shrinking 0.1 percent in the first three months of 2016. Household spending went up 0.6 percent, following a 0.9 percent gain in the previous quarter.

In contrast, gross fixed capital formation contracted 1.2 percent, following a 1.5 percent decline in the previous period.

The net exports had positive influence on economic growth and contributed +0.8 percentage points against -0.9 percentage points a quarter earlier.

Year-on-year, the GDP expanded 3.1 percent, accelerating from 3 percent growth in the first quarter of 2016. The economy is expected to expand 3.7 percent in 2016 and 3.6 percent in 2017, according to most recent spring forecasts from the European Commission.

Central Statistical Office of Poland | Mojdeh Kazemi | mojdeh@tradingeconomics.com
8/30/2016 9:29:38 AM

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 -0.10 6.10 -3.10 percent [+]
GDP Annual Growth Rate 3.10 3.00 8.10 0.00 percent [+]
GDP 474.78 544.98 544.98 63.90 USD Billion [+]
GDP Constant Prices 443452.50 425577.20 502021.50 82266.40 PLN Million [+]
Gross Fixed Capital Formation 74517.20 56697.60 138717.20 11786.40 PLN Million [+]
GDP per capita 14580.93 14062.97 14580.93 5515.80 USD [+]
GDP per capita PPP 24835.90 23953.66 24835.90 9395.13 USD [+]




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