Poland GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

3.2

Units In

2.7

Frequency

Quarterly

Next Release

Feb 27, 2025

Time to Release

12 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
11.2 Jun 2021	-8.2 Jun 2020	3.87 %	1995-2024	Central Statistical Office of Poland (GUS)

Poland’s 38-million consumer market is one of the biggest in Europe. Poland's main industries are:food and beverage processing, shipbuilding and the manufacture of machinery, iron and steel products, chemicals, glass and textiles. 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.

Latest Updates

The Polish economy expanded by 3.2 percent year-on-year in the fourth quarter of 2024, accelerating from a 2.7 percent growth in the previous three-month period and matching market expectations, preliminary estimates showed. This marked the sixth consecutive period of annual GDP growth. On a seasonally adjusted quarterly basis, the economy climbed 1.3% in the fourth quarter of 2024, rebounding from a 0.1% fall in the previous three-month period.