Propelled by a fast rise in wages (and private consumption) and the recovery in investment, strong GDP growth continues. Construction output is set to increase at double-digit rates. At the same time, foreign trade performance has been weakening and trade surpluses are diminishing. Inflation is low – a more restrictive monetary policy is unlikely. The wage hikes lower profitability of the corporate sector. Despite strong growth, the fiscal policy is quite relaxed.

map Poland
Main Economic Indicators201520162017201820192020
Population, 1000 persons384583843538400...
GDP, real change in %
GDP per capita (EUR at PPP)198001990020900...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average7.
Average gross monthly wages, EUR9349291003...
Consumer prices, % p.a.-0.7-
Fiscal balance in % of GDP-2.7-2.4-1.7...
Public debt in % of GDP51.154.250.6...
Current account in % of GDP-0.6-
FDI inflow, EUR mn13534152136421...
Gross external debt in % of GDP70.574.968.0...

Basic data are continuously updated.

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


Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 6, June 2018
27 pages including 1 Table and 1 Figure



POLAND: Steady consumption - driven expansion

Leon Podkaminer
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 125-129
Details and Buy