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

The Polish economy expanded by 0.9 percent on quarter in the three months to September of 2015, up from a 0.8 percent growth in the previous quarter and matching preliminary estimates, final figures showed. While exports (+0.7 percent from -0.2 percent in Q2) and fixed investment (+1.2 percent from +0.3 percent) were the main drivers of growth, public spending advanced at a slower pace (+0.6 percent from +0.7 percent). 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
0.90 0.80 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-28 09:00 AM Q2 0.9% 1.0% 0.9%
2015-11-13 09:00 AM Q3 0.9% 0.8% 0.94%
2015-11-30 09:00 AM Q3 0.9% 0.8% 0.9% 0.9%
2016-02-12 09:00 AM Q4 0.9% 0.9%
2016-02-23 09:00 AM Q4 0.9%
2016-05-13 08:00 AM Q1 0.8%

Polish GDP Growth Confirmed at 0.9% in Q3


The Polish economy expanded by 0.9 percent on quarter in the three months to September of 2015, up from a 0.8 percent growth in the previous quarter and matching preliminary estimates, final figures showed. While exports and fixed investment were the main drivers of growth, public spending advanced at a slower pace.

Exports of goods and services expanded by 0.7 percent, following a 0.2 percent contraction in the previous period, and imports increased at a slower 0.5 percent, compared to a 0.1 percent growth in Q2.

Although fixed investment increased at a faster 1.2 percent (from +0.3 percent in Q2), total consumption expenditure advanced by only 0.6 percent, from 0.7 percent growth in the previous period. Government consumption dragged the expansion down, as it expanded at a slower 0.6 percent (from +0.7 percent in Q2); while household consumption went up at the same pace as in the previous period (+0.7 percent in Q2).

Year-on-year, the economy expanded by 3.5 percent, up from 3.3 percent growth in the previous quarter and beating preliminary estimates of 3.4 percent, as private consumption grew at a faster 3.1 percent (+3 percent in Q2). Meanwhile, fixed investment advanced by 4.6 percent, slowing from a 6.4 percent growth in the previous quarter.

Central Statistical Office of Poland | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2015 9:38:52 AM

Poland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.80 6.10 -3.10 percent [+]
GDP Annual Growth Rate 3.60 3.50 8.10 0.00 percent [+]
GDP 544.97 524.06 544.97 63.90 USD Billion [+]
GDP Constant Prices 438358.40 429783.00 477819.30 82266.40 PLN Million [+]
Gross Fixed Capital Formation 84097.40 77738.10 133654.10 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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