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

Poland's economy advanced 0.2 percent on quarter in the third quarter of 2016, following 0.8 percent growth in the previous period and in line with preliminary estimates. The growth was mainly driven by household spending (+1.4 percent vs +0.8 percent in Q2) and public consumption (+1.1 percent vs +0.7 percent). In contrast, gross fixed capital formation contracted 2.4 percent, following a 1.7 percent decline in the previous period. The net trade contributed negatively, as exports fell 0.4 percent (+3.1 percent in Q2) while imports declined at a slower 0.1 percent (+2.7 percent in Q2). Year-on-year, the GDP expanded 2.5 percent, compared to 3.1 percent growth in the second quarter of 2016, the weakest growth since the third quarter of 2013. GDP Growth Rate in Poland averaged 0.98 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.

Poland GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-30 08:00 AM Q2 0.9% -0.1% 0.9%
2016-11-15 09:00 AM Q3 0.2% 0.8% 1% 0.6%
2016-11-30 09:00 AM Q3 0.2% 0.9% 0.2% 0.2%
2017-02-13 09:00 AM Q4 0.69%
2017-02-28 09:00 AM Q4 0.69%
2017-04-19 08:00 AM Q4 0.69%




Polish GDP Growth Confirmed At 0.2% In Q3


Poland's economy advanced 0.2 percent on quarter in the third quarter of 2016, following 0.8 percent growth in the previous period and in line with preliminary estimates.

The growth was mainly driven by household spending (+1.4 percent vs +0.8 percent in Q2) and public consumption (+1.1 percent vs +0.7 percent). In contrast, gross fixed capital formation contracted 2.4 percent, following a 1.7 percent decline in the previous period.

The net trade contributed negatively, as exports fell 0.4 percent (+3.1 percent in Q2) while imports declined at a slower 0.1 percent (+2.7 percent in Q2).

Year-on-year, the GDP expanded 2.5 percent, compared to 3.1 percent growth in the second quarter of 2016, the weakest growth since the third quarter of 2013.

Central Statistical Office of Poland | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/30/2016 9:18:31 AM



Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.80 6.10 -3.10 percent [+]
GDP Annual Growth Rate 2.50 3.10 8.10 0.00 percent [+]
GDP 474.78 544.98 544.98 63.90 USD Billion [+]
GDP Constant Prices 443452.50 425577.20 502021.50 82266.40 PLN Million [+]
Gross Fixed Capital Formation 74517.20 56697.60 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 [+]



Poland GDP Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.80 6.10 -3.10 1995 - 2016 percent Quarterly



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