Poland

map Poland
Poland’s economy has demonstrated solid growth, with GDP growing by 2.9% in 2024. This performance was largely driven by robust public and private consumption, alongside an accumulation of inventories by businesses. In 2025, we expect growth to pick up moderately, to 3.5%, accompanied by low unemployment and a decline in inflation. This acceleration will be driven primarily by a strong expansion in domestic demand, as a surge in investment will further reinforce consumption-driven growth. However, foreign demand is likely to remain stagnant, continuing to undermine the external balances slightly.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons368223668736600...
GDP, real change in %5.30.12.93.53.53.0
GDP per capita (EUR at PPP)281502946031160...
Gross industrial production, real change in %10.3-1.20.6...
Unemployment rate - LFS, in %, average2.92.82.92.82.72.7
Average gross monthly wages, EUR135815851900...
Consumer prices, % p.a.13.210.93.74.43.02.5
Fiscal balance in % of GDP-3.4-5.3-6.6-5.6-4.6-4.3
Public debt in % of GDP48.849.755.6...
Current account in % of GDP-2.21.80.2-0.80.10.7
FDI inflow, EUR m392583174316969...
Gross external debt in % of GDP53.251.852.5...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 2/2025

Javier Flórez Mendoza, Hubert Gabrisch, Grzegorz W. Kolodko, Andreas Lichtenberger and Oliver Reiter
wiiw Monthly Report No. 2, February 2025
48 pages including 1 Table and 26 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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