The current moderate and broad-based growth will continue throughout the biennium 2017-2018, with the GDP growth rate averaging 3.4%. The current evolution of the political system may well prove harmful – in purely economic terms as well. 2017 will prove a critical year for fiscal policy as the increase in social expenditures may call for higher taxation.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||38514||38487||38458||.||.||.|
|GDP, real change in %||1.4||3.3||3.9||3.2||3.5||3.3|
|GDP per capita (EUR at PPP)||17900||18600||19800||.||.||.|
|Gross industrial production, real change in %||2.3||3.4||4.8||.||.||.|
|Unemployment rate - LFS, in %, average||10.3||9.0||7.5||6.3||6.0||6.0|
|Average gross monthly wages, EUR||872||903||932||.||.||.|
|Consumer prices, % p.a.||0.8||0.1||-0.7||-0.2||1.3||1.8|
|Fiscal balance in % of GDP||-4.1||-3.4||-2.6||.||.||.|
|Public debt in % of GDP||55.7||50.2||51.1||.||.||.|
|Current account in % of GDP||-1.3||-2.1||-0.6||-0.3||-0.6||-1.0|
|FDI inflow, EUR mn||658||14824||12631||.||.||.|
|Gross external debt in % of GDP||70.7||71.4||70.3||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 1/2017
Rumen Dobrinsky, Doris Hanzl-Weiss, Gabor Hunya and Leon Podkaminer
wiiw Monthly Report No. 1, January 2017
45 pages including 1 Table and 33 Figures
POLAND: So far so good?
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, November 2016 , pp. 93-96 Details and Buy