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

The Polish economy expanded 0.9 percent on quarter in the second quarter of 2016, reversing from 0.1 percent contraction in the previous period, according to 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
Receive the next reported value for Poland GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-13 08:00 AM Q1 -0.1% 1.3% 0.9%
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 -0.1% 0.9%
2016-11-15 09:00 AM Q3 0.6%
2016-11-25 09:00 AM Q3

Poland GDP Shrinks 0.1% in Q1


The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, reversing from a 1.3 percent expansion in the previous period and in line with preliminary estimates. It is the first contraction since the last quarter of 2012 as lower funds from the European Union dragged public spending and investment down.

Public spending shrank 0.1 percent after rising 2.4 percent in the last three months of 2015, recording the first contraction in five quarters. Gross fixed capital formation slumped 1.5 percent, following a 0.1 percent gain in the previous period.

In contrast, household spending went up 0.9 percent, following a 0.6 percent gain in the previous two quarters and the biggest growth rate in two years. 

Exports increased 1.2 percent, slowing from a 2.2 percent rise in the previous quarter and imports also grew at a slower 2.4 percent (3.8 percent in the previous quarter).  

Year-on-year, the GDP advanced 3 percent, slowing from a 4.3 percent expansion in the last three months of 2015, the weakest growth rate in nine quarters. 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 | Joana Taborda | joana.taborda@tradingeconomics.com
5/31/2016 9:56:38 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 425577.20 502021.50 502021.50 82266.40 PLN Million [+]
Gross Fixed Capital Formation 56697.60 138717.20 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 [+]




Last
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Vietnam 5.55 Jun/16
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Hungary 1.10 Jun/16
United States 1.10 Jun/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Paraguay 0.80 Mar/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Denmark 0.70 Mar/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 0.70 Mar/16
South Korea 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Slovenia 0.50 Mar/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Malta 0.30 Mar/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Portugal 0.20 Jun/16
Taiwan 0.15 Jun/16
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Brazil -0.30 Mar/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Qatar -2.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16