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

The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, compared to an upwardly revised 1.3 percent growth in the previous quarter. It is the first contraction since the last quarter of 2012, preliminary figures showed. 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
-0.10 1.50 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. 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)
2016-02-29 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 -0.1% 1.3% 0.9%
2016-05-31 08:00 AM Q1 1.1% -0.1% -0.1%
2016-08-12 08:00 AM Q2 0.5%
2016-08-25 08:00 AM Q2

Poland GDP Shrinks for 1st time Since 2012


The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, compared to an upwardly revised 1.3 percent growth in the previous quarter. It is the first contraction since the last quarter of 2012, preliminary figures showed.

Lower EU funds hurt public investment and construction.

Year-on-year, the economy expanded 3 percent, lower than 4.3 percent in the last quarter of 2015 and market expectations of a 3.4 percent growth. 

Joana Taborda | joana.taborda@tradingeconomics.com
5/13/2016 11:20:33 AM

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 1.50 6.10 -3.10 percent [+]
GDP Annual Growth Rate 3.00 4.30 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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