The current moderate and broadly based growth will continue over the period 2016 2018 – with GDP averaging 3.4%. There is, however, every reason to expect less dynamic growth in terms of investment. 2017 will prove critical, unless the increase in social spending is offset by higher tax revenue.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||38514||38487||38525||.||.||.|
|GDP, real change in %||1.3||3.3||3.6||3.3||3.3||3.4|
|GDP per capita (EUR at PPP)||17900||18600||19700||.||.||.|
|Gross industrial production, real change in %||2.3||3.4||4.9||.||.||.|
|Unemployment rate - LFS, in %, average||10.3||9.0||7.5||6.6||6.3||6.2|
|Average gross monthly wages, EUR||872||903||932||.||.||.|
|Consumer prices, % p.a.||0.8||0.1||-0.7||-0.5||1.3||1.8|
|Fiscal balance in % of GDP||-4.0||-3.3||-2.6||.||.||.|
|Public debt in % of GDP||56.0||50.5||51.3||.||.||.|
|Current account in % of GDP||-1.3||-2.0||-0.2||-0.3||-0.5||-0.8|
|FDI inflow, EUR mn||658||12826||5581||.||.||.|
|Gross external debt in % of GDP||70.7||71.0||70.3||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure
POLAND: Keeping generous promises will not be easy
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 104-108 Details and Buy