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

The Polish economy expanded by 1.5 percent on quarter in the three months to December of 2015, following an upwardly revised 1.0 percent growth in the previous quarter and above preliminary estimates of 1.1 percent, final figures showed. It was the highest value since the fourth quarter of 2007, boosted by public spending while investments and household consumption advanced at a slower pace. GDP Growth Rate in Poland averaged 1.01 percent from 1995 until 2015, 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
1.50 0.90 6.10 -3.10 1995 - 2015 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. Poland was the only country in Europe to avoid a recession through the 2008-09 economic downturn, and additionally has grown at the highest rate on the continent. However, growth slowed in 2012 and 2013, in part due to the ongoing economic difficulties in the euro zone. 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-12 09:00 AM Q4 1.1% 0.9% 0.9%
2016-02-29 09:00 AM Q4 1.1% 0.9% 1.1% 1.1%
2016-04-19 08:00 AM Q4 1.5% 1.0%
2016-05-13 08:00 AM Q1 1.1% 0.9%
2016-05-25 08:00 AM Q1 1.1%
2016-08-12 08:00 AM Q2 0.9%

Poland GDP Growth Hits 8-Year High


The Polish economy expanded by 1.5 percent on quarter in the three months to December of 2015, following an upwardly revised 1.0 percent growth in the previous quarter and above preliminary estimates of 1.1 percent, final figures showed. It was the highest value since the fourth quarter of 2007, boosted by public spending while investments and household consumption advanced at a slower pace. Year-on-year, the economy expanded by 4.3 percent compared to revised 3.4 percent growth in the previous period and above flash 3.9 percent growth.

Final consumption expenditure advanced by 1.1 percent, from 0.7 percent growth in the previous period, as government expenditure expanded 2.5 percent (+0.8 percent in Q3) while gross fixed investment grew at a slower 1.1 percent (+1.3 percent in Q3) and household consumption went up 0.5 percent (+0.6 percent in Q3). Meanwhile, net external demand dragged the expansion down as exports of goods and services rose by 3.2 percent, following a 1.9 percent growth in the previous period, while imports advanced at a faster 3.8 percent, compared to a 1.7 percent increase in Q3.

Year-on-year, the economy expanded by 4.3 percent compared to a 3.4 percent growth in the previous quarter and above preliminary estimates of 3.9 percent growth. Total consumption expenditure increased 4.4 percent (+3.0 percent in Q3), as public consumption rose 1.6 percent (+0.2 percent in Q3) and household consumption advanced by 1.5 percent (+1.9 percent in Q3). Gross fixed investments grew at a faster 1.2 percent (+0.8 percent in Q3) .

Central Statistical Office of Poland | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/19/2016 10:37:11 AM

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 0.90 6.10 -3.10 percent [+]
GDP Annual Growth Rate 4.30 3.50 8.10 0.00 percent [+]
GDP 544.97 524.06 544.97 63.90 USD Billion [+]
GDP Constant Prices 499454.80 438358.40 499454.80 82266.40 PLN Million [+]
Gross Fixed Capital Formation 138627.80 84097.40 138627.80 11786.40 PLN Million [+]
GDP per capita 11304.62 10923.23 11304.62 4411.41 USD [+]
GDP per capita PPP 23951.99 23143.93 23951.99 9346.80 USD [+]




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