The current moderate and broad-based growth has yet to eliminate the excessive unemployment and put a stop to deflationary tendencies. The recent elections are unlikely to change Poland’s economic trajectory over the biennium 2016-2017. Continuing moderate growth (at a rate in excess of 3%) will bring about gradual improvements without giving rise to major internal or external imbalances.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||38536||38514||38487||.||.||.|
|GDP, real change in %||1.6||1.3||3.3||3.5||3.3||3.3|
|GDP per capita (EUR at PPP)||17500||17800||18500||.||.||.|
|Gross industrial production, real change in %||1.3||2.3||3.4||.||.||.|
|Unemployment rate - LFS, in %, average||10.1||10.3||9.0||8.8||8.5||8.3|
|Average gross monthly wages, EUR||844||872||904||.||.||.|
|Consumer prices, % p.a.||3.7||0.8||0.1||-0.7||1.2||1.8|
|Fiscal balance in % of GDP||-3.7||-4.0||-3.3||.||.||.|
|Public debt in % of GDP||54.0||55.9||50.4||.||.||.|
|Current account in % of GDP||-3.7||-1.3||-2.0||-0.5||-1.5||-2.0|
|FDI inflow, EUR mn||5771||658||12826||.||.||.|
|Gross external debt in % of GDP||71.9||70.7||71.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 11/2015 - Special Issue in Memoriam Kazimierz Laski
Michael Landesmann, Kazimierz Laski, Jerzy Osiatynski, Leon Podkaminer, M. Riese and Herbert Walther
wiiw Monthly Report No. 11, November 2015
43 pages including 20 Figures
POLAND: A time of generous promises
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 105-108 Details and Buy