GDP in Poland
Poland - GDP (billions of Euros)
GDP growth cools in Q3
According to a flash release, GDP growth decelerated to 3.5% year on year (yoy) in the third quarter, from 5.8% in Q2. Meanwhile, on a seasonally adjusted quarter-on-quarter basis, GDP rebounded and grew 0.9% in Q3, swinging from the previous quarter's 2.3% contraction.
Although a breakdown by components is not yet available, monthly data suggests that the industrial sector supported the economy amid an improvement in supply constraints.
Commenting on the outlook, economists at ING stated:
“The prospects for the future look grim due to deteriorating foreign markets (a possible recession in Germany) and tighter financial conditions both in Poland and abroad (rising interest rates). In addition, high inflation bites into households' real disposable income as wage growth fails to keep pace with price increases.”
FocusEconomics panelists forecast the economy to expand 1.2% in 2023, which is unchanged from last month’s estimate. For 2024, our panelists see growth at 3.3%.
Poland - GDP (EUR bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| GDP (EUR bn) | 430 | 427 | 467 | 498 | 529 |
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.07 | -0.30 % | Dec 31 |
| Exchange Rate | 3.79 | -0.53 % | Jan 01 |
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Economic News
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Poland: Inflation comes in at highest level since December 1996 in October
November 28, 2022
Inflation came in at 17.9% in October, which was up from September’s 17.2%.
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Poland: Business sentiment ticks up in November
November 25, 2022
Business confidence rose to minus 20.6 in November from October's minus 21.1, which had marked the worst reading since May 2020.
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Poland: Retail sales record slowest growth since February in October
November 24, 2022
Retail sales grew 18.3% in year-on-year terms in October, which followed September's 21.9% increase.
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Poland: Industrial output records slowest growth since February 2021 in October
November 24, 2022
Industrial output grew 6.8% compared to the same month a year earlier in October, which was a deterioration from September's 9.8% increase.
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Poland: GDP growth cools in Q3
November 16, 2022
According to a flash release, GDP growth decelerated to 3.5% year on year (yoy) in the third quarter, from 5.8% in Q2.
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