Poland GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

3.2

Units In

2.7

Frequency

Quarterly

Next Release

Jun 02, 2025

Time to Release

3 Months 1 Days 11 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 advanced by 3.2% year-on-year in the fourth quarter of 2024, matching preliminary estimates and accelerating from a 2.7% gain in the previous three-month period. The GDP growth was primarily supported by higher domestic demand (4.8% vs. 4.4% in Q3), driven by positive contributions from total consumption (3.3%) and gross accumulation (9.2%), along with a negative balance in foreign trade. Additionally, gross fixed capital formation increased notably (1.3% vs. 0.1%). On a seasonally adjusted quarterly basis, the economy grew by 1.3% in Q4 2024, matching preliminary estimates and accelerating from an upwardly revised 0.1% gain in the previous three-month period.