$39 per month* Then you can access your favorite statistics via the star in the header. The Trading Economics Application Programming Interface (API) provides direct access to our data. DataBank. Before World War II, Poland's industrial base was concentrated in the coal, textile, chemical, machinery, iron, and steel sectors. Thematic data tables from WDI. Poland - Poland - Economy: Before World War II, Poland was a free-market economy based largely upon agriculture but with a few important centres of manufacturing and mining. Statista. Growth will decline gradually Real GDP growth is projected to decline to 4% in 2019 and 3.3% in 2020. Poland is the only European Union member to have avoided a decline in GDP during the late-2000s recesion, and in 2009 created the most GDP growth of all countries in the EU. Publish your articles and forecasts in our website. The increased forecast is the latest reassessment of Poland’s GDP after the IMF, World Bank and a string of economists changed their minds about the potential for the economy in 2019 after a strong first quarter. Chart. GDP per Capita in Poland (with a population of 37,953,180 people) was $15,832 in 2017, an increase of $740 from $15,092 in 2016; this represents a change of 4.9% in GDP … Japan has the third-largest economy in the world with a GDP of $5.15 trillion. New, Figures and insights about the advertising and media world, Industry Outlook facts. On a quarterly basis, the economy shrank by a record 8.9 percent, entering a recession. However, Hungary will almost certainly veto this. Free elections in 1989 and 1990 won Solidarity control of the parliament and the presidency, bringing the communist era to a close. Inflation, and especially the dynamics of energy and service prices, decreased at the end of 2018. Please contact us to get started with full access to dossiers, forecasts, studies and international data. and over 1 Mio. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Poland’s gross domestic product shrank 8.2 percent year-on-year in the second quarter of 2020, after expanding 2 percent in the previous quarter and compared with market expectations of an 8.6 percent decline, a preliminary estimate showed. "Poland: Growth rate of real gross domestic product (GDP) from 2009 to 2021 (compared to the previous year)." Poland's economy has been battered by the Covid-19 and the introduction of government measures to prevent the consequences of the pandemic. Changes in inventories had also a negative contribution (-2.3 percentage points vs -2.0 percentage points in Q2), while a positive impact of the net exports to the economic growth was noted (+1.7 percentage points vs +1.1 percentage points in Q2). As impressive as Poland’s ongoing GDP growth performance is — reaching 5% in 2018 and a projected 3.5-4% growth in 2019 and 2020 — Poland’s continued catch-up with the West will need to be supported by an upgraded growth model, which I call the “Warsaw Consensus.” If the policies of the Warsaw Consensus were implemented, Poland ought to be able to grow at more than 3% per year and catch up with the West within the life of the next generation. Looking at the numbers, there isn’t much question that the transformation that began in 1989 — when Poland became the first country in the world to ditch communism to recreate a market economy — has been the best time in the country’s 1,000-year history. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Then you will be able to mark statistics as favourites and use personal statistics alerts. Learn more about how Statista can support your business. From a year ago, GDP increased by 1.2%. License: CC BY-4.0 Line Bar Map. I n the second of our three-part series to mark the 30th anniversary of the Berlin Wall's fall, we look at Poland's economic success story. Corporate solution including all features. Country. Data source is International Monetary Fund World Economic Outlook (October-2018). Warsaw, Poland – The European economy is slowing down, but Visegrad Group countries are still among the fastest-growing economies and main drivers of robust growth in the EU. The Polish economy is the sixth-largest in the EU and one of the fastest-growing economies in Europe, with a yearly growth rate of over 3.0% between 1991 and 2019. Japan. On a quarterly basis, Poland's GDP grew by 7.9 percent, partially recovering from a 9.0 percent contraction in the previous period. Though Poland real GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 4.1 % in 2019. Poland joined NATO in 1999 and the EU in 2004. Direct access to our calendar releases and historical data. GDP Annual Growth Rate in Poland is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Poland: Growth rate of real gross domestic product (GDP) from 2009 to 2021 (compared to the previous year) [Graph]. After the initiation of communist rule in the 1940s, the country developed an increasingly industrial, state-run command economy based on the Soviet model. November 13, 2020. In, IMF. source: Central Statistical Office of Poland (GUS) GDP Growth Rate in Poland averaged 0.98 percent from 1995 until … Ukrainian migrant workers have created 11% of Poland’s GDP growth since 2014, according to a new report by analysts from the National Bank of Poland. We forecast that real GDP growth will contract in 2020, owing to the global outbreak of the novel coronavirus, which will also severely affect external demand. Annual percentage growth rate of GDP at market prices based on constant local currency. It … Poland gdp per … In 2020, however, growth is expected to … Online tool for visualization and analysis. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Download historical data for 20 million indicators using your browser. 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). That country died a long time ago — replaced by one of the most economically successful nations in the world. - … Poland's main industries are:food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. Are you interested in testing our corporate solutions? Share Details. Its failure to address rule-of-law issues may prompt the EU to try to impose sanctions on Poland. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Poland’s 38-million consumer market is one of the biggest in Europe. You only have access to basic statistics. Private consumption will continue to grow strongly thanks to a booming labour market, but it will slow as the recent child benefit will no longer support households’ disposable income growth. (November 13, 2020). It was the sharpest contraction on record, amid the coronavirus pandemic and the government efforts to curb the spread of the virus. Poles have seen an increase in revenues, boosted employment and wages, and increased revenue in the country’s pay-as-you-go pension system. Directly accessible data for 170 industries from 50 countries 1961 - 2019 Please authenticate by going to "My account" → "Administration". Net external demand contributed positively to the GDP as imports fell more than exports. On a seasonally adjusted quarterly basis, the economy slumped 8.9 percent, the most since series began, and following a 0.4 percent contraction in the first quarter of the year. It might be hard to picture now. ... 1991 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. Accessed December 12, 2020. https://www.statista.com/statistics/376377/gross-domestic-product-gdp-growth-rate-in-poland/, IMF. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. ", IMF, Poland: Growth rate of real gross domestic product (GDP) from 2009 to 2021 (compared to the previous year) Statista, https://www.statista.com/statistics/376377/gross-domestic-product-gdp-growth-rate-in-poland/ (last visited December 12, 2020), Poland: Growth rate of real gross domestic product (GDP) from 2009 to 2021, GDP growth forecast: Eastern Europe, U.S., U.K. and Germany 2010-2024, Gross domestic product (GDP) growth rate in Poland 2021, Annual business confidence index for the industrial sector in EU 2008-2022, Annual business confidence index for the industrial sector Poland 2008-2022, Industry revenue of »manufacture of refined petroleum products« in Poland 2011-2023, Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Poland 2011-2023, Industry revenue of »processing and preserving of meat« in Poland 2011-2023, Industry revenue of »manufacture of machinery for mining, quarrying« in Poland 2011-2023, Industry revenue of »manufacture of soft drinks and bottled waters« in Poland 2011-2023, Annual business confidence index for the service sector Poland 2008-2022, Industry revenue of »management of real estate on a fee or contract basis« in Poland 2011-2023, Industry revenue of »rental and operating of own or leased real estate« in Poland 2011-2023, Advertising agencies revenue in Poland 2010-2022, Industry revenue of »business and other management consultancy activities« in Poland 2011-2023, Restaurants and mobile food service activities revenue in Poland 2010-2022, Annual business confidence index for the retail sector Poland 2008-2022, Industry revenue of »retail sale in non-specialised stores with food« in Poland 2011-2023, Industry revenue of »sale of cars and light motor vehicles« in Poland 2011-2023, Industry revenue of »retail sale of automotive fuel in specialised stores« in Poland 2011-2023, Industry revenue of »dispensing chemist in specialised stores« in Poland 2011-2023, Industry revenue of retail sale of clothing in specialised stores in Poland 2011-2023, Gross domestic product (GDP) growth rate in Lesotho 2021*, Gross domestic product (GDP) growth rate in Kyrgyz Republic 2025, GDP growth rate in Southeast Asia 2018, by country, Gross domestic product (GDP) growth rate in Mauritius 2021, Gross domestic product (GDP) growth rate in Antigua and Barbuda 2025, Gross domestic product (GDP) growth rate in Liechtenstein 2009, Gross domestic product (GDP) growth rate in Moldova 2021*, Gross domestic product (GDP) growth rate in Belize 2025, Gross domestic product (GDP) growth rate in Eritrea 2025, Poland: monthly CPI for food and non-alcoholic beverages 2017-2018, Creating a website or blog in Poland 2012-2016, Share of time spent gaming per day in Poland in 2012, by platform, Poland: consumer opinions on economic situation over the last 12 months in 2017-2018, Gross domestic product (GDP) growth rate in Russia 1st quarter 2020, IT-infrastructure outsourcing services market size in Europe 2016-2021, Industry revenue of »manufacture of ready-mixed concrete« in Greece 2011-2023, Steam and air conditioning supply revenue in Czechia 2014-2022, Portugal: number of employees in the civil engineering industry 2008-2015, Direct dyes: import value in the United Kingdom (UK) 2010-2019, Poland: Growth rate of real gross domestic product (GDP) from 2009 to 2021 (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Update, Insights into the world's most important technology markets, Advertising & Media Outlook New, Everything you need to know about the industry development, Find studies from all around the internet. Exports of goods and services account for 47 percent of GDP while imports account for 46 percent, adding 1 percent of total GDP. In 2019, Poland's gross domestic product (GDP) grew by 4.1%, spurred by higher wages and increased domestic consumption. Gross domestic product rose 0.6% from the previous three-month period, compared with a 0.4% estimate from analysts in a Bloomberg survey. WDI Tables. Poland: GDP falls at slower rate in third quarter amid lifting of Covid-19 restrictions November 13, 2020 According to a preliminary estimate, the economy contracted at a milder pace in the third quarter, with GDP decreasing 1.6% on an annual basis following Q2’s record-breaking 8.4% slump. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook If the forecast proves accurate, Poland will be the second-fastest expanding economy in the EU, alongside Hungary, whose GDP is also expected to grow 4.4 percent in 2019. The report suggests that, without Ukrainian workers, Poland’s labour market would have shrunk in this period, restricting economic growth. In 1990, Latin America’s average GDP per capita was a little over a quarter of the United States’ income level, while emerging and developing Asian countries’ GDP per capita was only 5 percent. In 2019, Asian countries had grown fourfold, but Latin America was still at the same level. GDP growth (annual %) - Poland from The World Bank: Data. Meanwhile, the country’s fiscal deficit declined to 0.4 percent in … Inflation rose, but it remains below 2.5 percent. Poland's gross domestic product shrank by 1.5 percent year-on-year in the third quarter of 2020, compared with an initial estimate of a 1.6 percent contraction and following a historic slump of 8.4 percent in the previous three-month period. Poland’s GDP grew by 4.1 percent in 2019, driven primarily by domestic consumption and robust investment. A "shock therapy" program during the early 1990s enabled the country to transform its economy into one of the most robust in Central Europe. 1995-2020 Data | 2021-2022 Forecast | Calendar. Real GDP in Poland recorded 4.5 percent growth in 2019 compared to the previous year. This feature is limited to our corporate solutions. On a seasonally adjusted quarterly basis, the economy advanced 7.7 percent, the most on record and rebounding from a 8.9 percent slump in Q2. The European Bank for Reconstruction and Development (EBRD) has since raised Poland’s GDP growth forecast for 2019 to 4.1 percent from their previous forecast of 3.6 percent. Central Statistical Office of Poland (GUS), Poland Inflation Rate Edges Down to 3% in November, Poland Factory Growth Steady in November: PMI, Polish October Jobless Rate Steady at Near 1-1/2-Year High, Poland Retail Sales Fall More than Expected, Poland Producer Prices Fall Less than Expected in October, Poland Industrial Output Growth Slows in October, Polish Corporate Wage Growth Slows in October, Polish Employment Falls Less than Expected, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week, French Shares Finish in the Red, Fall 1.8% on the Week. (billed annually). Please do not hesitate to contact me. The results of the policies PM Morawiecki implemented are still evident in the latest data, the foundation remains solid and economy continues to expand. Read more Overall, real GDP growth is expected to gradually slow to 3.5% in 2019 and 3.2% in 2020. Selected Countries and Economies. Register in seconds and access exclusive features. Please create an employee account to be able to mark statistics as favorites. Household consumption rose 0.4 percent, rebounding from a 10.8 percent drop in the second quarter, while fixed investment tumbled 9.0 percent, compared to a 10.7 percent slump. Today it extends to fertilizers, petrochemicals, machine tools, electrical machinery, electronics, car manufacture and shipbuilding. GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. Household consumption tumbled 6.3 percent and fixed investment dropped 1.8 percent, while government spending grew by 0.8 percent for the second consecutive period. Poland gdp per capita for 2019 was $15,595, a 0.87% increase from 2018. Looking forward, we estimate GDP Annual Growth Rate in Poland to stand at 4.10 in 12 months time. Bratislava, Slovakia – According to the latest OECD Economic Outlook, released earlier this month, Slovakia is set to become the fastest growing developed economy in the world in 2019 and 2020. Poland's gross domestic product shrank by 1.6 percent from a year earlier in the third quarter of 2020, following a record 8.2 percent contraction in the previous period and compared to market expectations of a 1.7 percent drop, preliminary estimates showed. Poland's gross domestic product shrank by 8.2 percent from a year earlier in the second quarter of 2020, the biggest pace of contraction on record, as restriction measures imposed to curb the spread of the coronavirus hit activity and demand. Profit from additional features by authenticating your Admin account. Between 2016 and 2018, GDP growth accelerated to 4.3 percent, employment jumped by 2.5 percent and unemployment fell to a record low of 3.9 percent. Japan’s GDP … Gross domestic product (GDP) in Poland 2021, Distribution of gross domestic product (GDP) across economic sectors Poland 2019. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021. Label. Rising employment, higher wages, generous social transfers through the “Family 500+” and “13th Pension” programs, and favorable financing … GDP Growth Rate in 2017 was 4.81%, representing a change of 27,552,475,378 US$ over 2016, when Real GDP was $573,323,606,460. * Estimate.Values have been rounded. Poland's gross domestic product expanded by a seasonally adjusted 7.9 percent on quarter in the three months to September 2020, the steepest period of expansion since comparable records began in 1995, partially recovering from a historic 9.0 percent slump seen in the second quarter. 2019; Population (million) 38.0: 38.0: 38.0: 38.0: 38.0: GDP per capita (EUR) 11,321: 11,236: 12,308: 13,105: 13,934: GDP (EUR bn) 430: 427: 467: 498: 529: Economic Growth (GDP, annual variation in %) 3.8: 3.1: 4.9: 5.4: 4.2: Domestic Demand (annual variation in %) 3.3: 2.3: 4.9: 5.6: 3.0: Consumption (annual variation in %) 3.0: 3.9: 4.5: 4.2: 3.9: Investment (annual variation in %) 6.1-8.2: … IMF. Risks to this outlook are broadly balanced and mainly related to external demand and private investment trends. CSV XML EXCEL. Preliminary data estimated a GDP decline of 8.2 percent in the second quarter of 2020. A recent revision to Poland’s GDP forecast for 2019 has put Poland 4th in the World behind China 7.2 percent, India 6.2 percent and Indonesia 5.1 percent according to the OECD. In 2019, the growth in real gross domestic product (GDP) in Poland was up 4.1 percent from the year before, continuing a trend of positive growth in GDP. "Poland: Growth Rate of Real Gross Domestic Product (Gdp) from 2009 to 2021 (Compared to The Previous Year). Poland GDP (Gross Domestic Product) was INT$1,089.11billion for 2019 in PPP terms. In 2019, real GDP growth for Poland was 4.1 %. The presidency, bringing the communist era to a close more about how Statista can support your business be to. Decline gradually Real GDP growth is projected to decline to 4 % in 2019, Real growth. Poland 2021, Distribution of gross domestic product rose 0.6 % from the World Bank data... Year ) source is International Monetary Fund World economic outlook ( October-2018.. 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