Poland GDP Growth Rate

The Gross Domestic Product (GDP) in Poland expanded 0.60 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Poland is reported by the Central Statistical Office of Poland (GUS). GDP Growth Rate in Poland averaged 1.03 Percent from 1995 until 2013, reaching an all time high of 6.40 Percent in the first quarter of 1997 and a record low of -3.20 Percent in the fourth quarter of 1996. Poland has pursued a policy of economic liberalization since 1990 and today stands out as a success story among transition economies. In 2008, GDP grew an estimated 4.8%, based on rising private consumption, a jump in corporate investment, and European Union funds inflows. Since 2004, EU membership and access to EU structural funds have provided a major boost to the economy. This page provides - Poland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.60 0.70 6.40 -3.20 0.77 | 2014/03 1995 - 2013 Percent Quarterly

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Poland GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 09:00 AM Poland
GDP Growth Rate QoQ- P.
Q3 2013 0.6% 0.4% 0.22%
2013-11-29 09:10 AM Poland
GDP Growth Rate QoQ- Second Estimate
Q3 2013 0.6% 0.5% (R) 0.6% 0.6%
2014-02-14 09:00 AM Poland
GDP Growth Rate QoQ
Q4 2013 0.5% 0.7% (R) 0.72%
2014-02-28 09:00 AM Poland
GDP Growth Rate QoQ - Final
Q4 2013 0.6% 0.7% 0.5% 0.5%
2014-05-30 09:00 AM Poland
GDP Growth Rate QoQ
Q1 2014 0.6% 0.77%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.60 2013-12-31 0.70 6.40 -3.20 0.77 2014-03-31 Percent [+]
GDP Annual Growth Rate 2.70 2013-12-31 2.00 8.10 0.30 2.64 2014-03-31 Percent [+]
GDP Constant Prices 452591.70 2013-11-15 400516.40 452591.70 82266.40 436272.97 2014-03-31 PLN Million [+]
Gross Fixed Capital Formation 120576.20 2013-11-15 72925.80 122865.10 11786.40 97880.47 2014-03-31 PLN Million [+]
GDP per capita 10569.78 2012-12-31 10375.01 10569.78 4379.57 10772.57 2013-12-31 USD [+]
GDP per capita PPP 18296.52 2012-12-31 17959.37 18296.52 7581.14 18647.55 2013-12-31 USD [+]
GDP 489.80 2012-12-31 515.70 529.40 63.90 495.41 2013-12-31 USD Billion [+]
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Polish GDP Growth Revised Up to 0.6%

In the fourth quarter of 2013, Poland’s economic growth was revised upwards to 0.6 percent on a quarter-on-quarter basis, up from an earlier estimate of 0.5 percent, but down from 0.7 percent in the previous three-month period.

Quarter-on-quarter, total consumption expenditure in the fourth quarter of 2013 increased by 0.7 percent, while individual consumption rose 0.6 percent. Gross fixed capital formation expanded 0.4 percent.

On the production side, the gross value added in industry was 0.1 percent higher, while the one in construction was 0.9 percent lower. 

The value added was also higher in transportation and storage (+3.1 percent), financial and insurance activities (+10.8 percent) and in public administration and defense (+0.5 percent). In contrast the value added for trade and repair was 0.5 percent lower.

Compared with the same quarter of 2012, the GDP expanded 2.7 percent in the last three months of 2013, up from 1.9 percent in the previous quarter, as exports contributed 1.5 percentage points to the expansion, while domestic demand added 1.2 percentage points.

Central Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2014 10:46:14 AM

RECENT RELEASES

Polish Economy Expands Less Than Forecast in Q4
Poland's GDP grew 0.5 percent from the previous quarter in the last three months of 2013, down from 0.7 percent in the third quarter as consumer spending recovery was lower than expected. Published on 2014-02-14

Polish GDP Growth Confirmed at 0.6% QoQ in Q3
In the third quarter of 2013, Poland's economy expanded 0.6 percent over the previous three-month period, up from 0.4 percent in the June quarter. The figures match the initial estimate released earlier November and show that the economy accelerated for the third straight quarter. Published on 2013-11-29


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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