Broad-based economic growth has continued. German economic stagnation is not yet affecting foreign trade, but industrial output has started to underperform. A strong rise in gross fixed capital formation primarily reflects larger infrastructural and public sector investments. Household consumption is driven by strongly rising wages and social transfers. Labour shortages have become less acute while moderate inflation is back. The next government may feel obliged to continue the lavish social policies.

map Poland
Main Economic Indicators201620172018201920202021
Population, 1000 persons38435384343842338400..
GDP, real change in %
GDP per capita (EUR at PPP)200002080021800...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average6.
Average gross monthly wages, EUR929100610761147..
Consumer prices, % p.a.-
Fiscal balance in % of GDP-2.4-1.5-0.2-1.2..
Public debt in % of GDP54.250.648.947.0..
Current account in % of GDP-0.50.1-1.0-0.3-1.2-0.9
FDI inflow, EUR mn1662810182140223000..
Gross external debt in % of GDP75.368.463.460.0..

Basic data are continuously updated.

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


POLAND: Soft landing ahead is a possibility

Leon Podkaminer
in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 97-100
Details and Buy


Monthly Report No. 10/2019

Richard Grieveson, Julia Grübler, Sebastian Petric and Leon Podkaminer
wiiw Monthly Report No. 10, October 2019
42 pages including 29 Figures