Poland GDP Growth Rate

The Gross Domestic Product (GDP) in Poland expanded 1.10 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Poland averaged 1.04 Percent from 1995 until 2014, 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. GDP Growth Rate in Poland is reported by the Central Statistical Office of Poland (GUS).

   
 
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Poland GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.70 6.40 -3.20 1995 - 2014 Percent Quarterly
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.


Poland GDP Confirmed at 1.1% in Q1


The Polish economy advanced a seasonally adjusted 1.1 percent quarter-on-quarter in the first three months of 2014, unchanged from the flash estimate. It is the highest growth rate in eleven quarters, driven by construction and investment.

On a quarter-on-quarter seasonally adjusted basis, construction grew the most (4.9 percent), followed by industry (2.9 percent). Meanwhile, financial and insurance activities contracted 2.1 percent.

On the expenditure side, government consumption shrank slightly by 0.2 percent while gross fixed capital formation surged 3.8 percent. Exports rose 2.4 percent but imports increased at a faster 5.8 percent.

Year-on-year, the economy grew a revised 3.4 percent in Q1, up from a flash estimate of 3.3 percent. It is the highest growth since the first quarter of 2012, driven by exports and gross fixed capital formation. 

Joana Taborda | joana.taborda@tradingeconomics.com
5/30/2014 11:09:59 AM


Recent Releases

Polish GDP Growth Beats Expectations in Q1
In the first three months of 2014, Poland’s economy advanced a seasonally adjusted 1.1 percent over the previous quarter, up from a revised 0.7 percent increase in the previous period. Published on 2014-05-15

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. Published on 2014-02-28


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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%
2014-05-15 09:00 AM Poland
GDP Growth Rate QoQ Prel
Q1 2014 1.1% 0.7% (R) 0.77%
2014-05-30 09:00 AM Poland
GDP Growth Rate QoQ - Final
Q1 2014 1.1% 0.7% 1.1% 1.1%
2014-08-29 09:00 AM Poland
GDP Growth Rate QoQ
Q2 2014 1.1% 1.35%


GDP Last Previous Highest Lowest Unit
GDP 517.54 490.21 529.40 63.90 USD Billion [+]
GDP Growth Rate 1.10 0.70 6.40 -3.20 Percent [+]
GDP Annual Growth Rate 3.40 2.70 8.10 0.30 Percent [+]
GDP Constant Prices 393035.60 455527.80 455527.80 82266.40 PLN Million [+]
GDP per capita 10752.82 10584.80 10752.82 4379.57 USD [+]
Gross Fixed Capital Formation 48643.70 121721.10 122865.10 11786.40 PLN Million [+]
GDP per capita PPP 18296.52 17959.37 18296.52 7581.14 USD [+]





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