The decline in GDP in 2020 turned out to be quite shallow. Trade made a positive contribution to growth, and industry is recovering. Inadequate demand remains the chief problem for the corporate sector, while shortages of labour have ceased to be a serious problem. During the forecast period, expansive monetary and fiscal policies are likely to continue, but the recovery in investment will be muted at best. Improvements in 2021 and beyond are possible, but not guaranteed.

map Poland
Main Economic Indicators201820192020202120222023
Population, 1000 persons384233839738380...
GDP, real change in %5.44.5-
GDP per capita (EUR at PPP)214302269022510...
Gross industrial production, real change in %5.94.1-1.2...
Unemployment rate - LFS, in %, average3.
Average gross monthly wages, EUR107711441163...
Consumer prices, % p.a.
Fiscal balance in % of GDP-0.2-0.7-8.8...
Public debt in % of GDP48.845.756.6...
Current account in % of GDP-
FDI inflow, EUR m148091280911228...
Gross external debt in % of GDP63.659.359.9...

Basic data are continuously updated.

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


POLAND: Not bad, in these circumstances

Leon Podkaminer
in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 106-109
Details and Buy


Monthly Report No. 5/2020

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Hermine Vidovic
wiiw Monthly Report No. 5, May 2020
96 pages including 27 Tables and 39 Figures