map Poland
The Polish economy has proved surprisingly resilient so far. But growth will slow in the second half of 2022 and beyond. Rising interest rates are affecting consumption and investment, while inflation is eroding the real value of current wages. If the full disbursement of EU recovery funds continues to be delayed, public spending may become less lavish than before. To cap it all, essential imports such as energy and metals may be in short supply, or else become prohibitively expensive.
Main Economic Indicators201920202021202220232024
Population, 1000 persons379653789937747...
GDP, real change in %4.5-
GDP per capita (EUR at PPP)226902275024980...
Gross industrial production, real change in %4.1-1.214.5...
Unemployment rate - LFS, in %, average3.
Average gross monthly wages, EUR114511761240...
Consumer prices, % p.a.
Fiscal balance in % of GDP-0.7-6.9-1.8-4.0-3.4-3.0
Public debt in % of GDP45.757.253.8...
Current account in % of GDP-0.22.4-1.4-1.6-0.21.2
FDI inflow, EUR m156691664631371...
Gross external debt in % of GDP59.558.456.1...

Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.


Executive summary

Branimir Jovanović
in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. I-VIII


Monthly Report No. 7-8/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Bernhard Moshammer, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2022
58 pages including 4 Tables and 21 Figures