Under the impact of policies that seek to imbue the national economic and social life with ‘law and order’, Poland’s economy clearly underperformed in 2016. This was epitomised by a dramatic decline in gross fixed capital formation. But the economy is still in pretty good shape. It is expected to grow at a respectable pace, provided the institutional changes imposed consider more carefully the needs of the business sector and the limits to what can be achieved through administrative regulation.
|Main Economic Indicators||2014||2015||2016||2017||2018||2019|
|Population, 1000 persons.||38487||38458||38450||.||.||.|
|GDP, real change in %||3.3||3.9||2.8||2.9||3.0||3.1|
|GDP per capita (EUR at PPP)||18600||19800||20700||.||.||.|
|Gross industrial production, real change in %||3.4||4.8||2.8||.||.||.|
|Unemployment rate - LFS, in %, average||9.0||7.5||6.2||6.2||6.1||6.1|
|Average gross monthly wages, EUR||903||934||932||.||.||.|
|Consumer prices, % p.a.||0.1||-0.7||-0.2||1.4||1.9||2.0|
|Fiscal balance in % of GDP||-3.4||-2.6||-2.9||.||.||.|
|Public debt in % of GDP||50.2||51.1||53.1||.||.||.|
|Current account in % of GDP||-2.1||-0.6||-0.5||-0.7||-1.1||-1.4|
|FDI inflow, EUR mn||14824||12631||12506||.||.||.|
|Gross external debt in % of GDP||71.4||70.3||74.6||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
POLAND: Not so brilliant anymore
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 99-102 Details and Buy
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