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Driven by a major increase in gross capital formation, the Polish economy has entered a phase of relatively rapid growth, which is likely to extend into the biennium 2015-2016. Nonetheless, some economic and non-economic risks still persist. Apart from uncontrollable external and domestic (political) risks, problems are also posed by the pursuit of a monetary policy with too restrictive an orientation.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||38534||38536||38514||.||.||.|
|GDP, real change in %||4.8||1.8||1.7||3.3||3.2||3.1|
|GDP per capita (EUR at PPP)||16600||17300||17800||.||.||.|
|Gross industrial production, real change in %||6.7||1.2||2.3||.||.||.|
|Unemployment rate - LFS, in %, average||9.7||10.1||10.3||10.0||10.0||10.0|
|Average gross monthly wages, EUR||826||844||870||.||.||.|
|Consumer prices, % p.a.||3.9||3.7||0.9||0.3||1.5||2.0|
|Fiscal balance in % of GDP||-4.9||-3.7||-4.0||.||.||.|
|Public debt in % of GDP||54.8||54.4||55.7||.||.||.|
|Current account in % of GDP||-5.1||-3.5||-1.3||-1.0||-2.0||-2.5|
|FDI inflow, EUR mn||14896||4763||-3860||.||.||.|
|Gross external debt in % of GDP||66.4||72.0||70.1||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 12/2014
Vladimir Gligorov, Doris Hanzl-Weiss, Yudit Kiss and Leon Podkaminer
wiiw Monthly Report No. 12, December 2014
39 pages including 4 Tables and 25 Figures Details
POLAND: A number of short-term risks
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 71-74 Details and Buy