Poland GDP Growth Rate 1995-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Poland expanded 0.60 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Poland averaged 1.03 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).

   
 
 

Poland GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.10 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. Content for - Poland GDP Growth Rate - was last refreshed on Friday, October 31, 2014.


Polish GDP Advances 0.6% in Q2


The Polish economy advanced a seasonally adjusted 0.6 percent in the second quarter of 2014, matching flash estimates. The GDP grew at its slowest pace in five quarters, hurt by a slowdown in investment and a drop in exports.

On a quarter-on-quarter seasonally adjusted basis, exports shrank 1.7 percent, following a 2.3 percent expansion in the previous period. Gross fixed capital formation rose at a slower 2.3 percent (3.3 percent in the previous quarter) and imports grew a meager 0.2 percent. 

In contrast, individual consumption increased 0.7 percent (0.6 percent in Q1) and public spending expanded slightly by 0.7 percent, following a 0.2 percent fall in the previous quarter.

Year-on-year, the economy advanced a revised 3.3 percent in the April to June period, slightly up from a 3.2 percent expansion initially reported. In the first half of 2014, GDP was 3.4 percent higher compared with the corresponding period of the previous year.

Central Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
8/29/2014 9:46:42 AM


Recent Releases

Polish Economy Slows in Q2
Poland’s GDP expanded a seasonally adjusted 0.6 percent over the previous quarter, down from a 1.1 percent expansion reported from January to March, according to preliminary estimates. Published on 2014-08-14

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. Published on 2014-05-30


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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%
2014-08-14 09:00 AM Poland
GDP Growth Rate QoQ
Q2 2014 0.6% 1.1% 1.35%
2014-08-29 09:00 AM Poland
GDP Growth Rate QoQ-2 Est.
Q2 2014 0.6% 1.1% 0.6% 0.6%
2014-11-14 09:00 AM Poland
GDP Growth Rate QoQ Flash
Q3 2014 0.6% 0.49%


Poland GDP Last Previous Highest Lowest Unit
GDP 517.54 490.21 529.40 63.90 USD Billion [+]
GDP Growth Rate 0.60 1.10 6.40 -3.20 Percent [+]
GDP Annual Growth Rate 3.30 3.40 8.10 0.30 Percent [+]
GDP Constant Prices 408480.70 393035.60 452231.10 82266.40 PLN Million [+]
GDP per capita 10752.82 10584.80 10752.82 4379.57 USD [+]
Gross Fixed Capital Formation 71004.40 48643.70 122865.10 11786.40 PLN Million [+]
GDP per capita PPP 22513.32 22161.53 22513.32 9169.57 USD [+]