Poland
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Population, 1000 persons | 37899 | 37747 | 37711 | . | . | . |
| GDP, real change in % | -2.0 | 6.9 | 5.1 | 1.0 | 2.4 | 3.2 |
| GDP per capita (EUR at PPP) | 22860 | 25080 | 27980 | . | . | . |
| Gross industrial production, real change in % | -1.2 | 14.5 | 10.6 | . | . | . |
| Unemployment rate - LFS, in %, average | 3.2 | 3.4 | 2.9 | 3.4 | 3.6 | 3.8 |
| Average gross monthly wages, EUR | 1176 | 1245 | 1354 | . | . | . |
| Consumer prices, % p.a. | 3.7 | 5.2 | 13.2 | 12.5 | 6.0 | 4.0 |
| Fiscal balance in % of GDP | -6.9 | -1.8 | -3.7 | -4.8 | -4.0 | -3.5 |
| Public debt in % of GDP | 57.2 | 53.6 | 49.1 | . | . | . |
| Current account in % of GDP | 2.4 | -1.4 | -3.0 | -0.3 | 0.4 | 1.0 |
| FDI inflow, EUR m | 16646 | 31371 | 32779 | . | . | . |
| Gross external debt in % of GDP | 58.4 | 56.0 | 52.8 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
Executive summary
Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI
Details
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Monthly Report No. 4/2023
Vasily Astrov, Olga Pindyuk, Maryna Tverdostup and Sergey Utkin
wiiw Monthly Report No. 4, April 2023
53 pages including 2 Tables and 33 Figures
The Polish economy has proved surprisingly resilient so far. But growth is already slowing. High interest rates are having a major effect on private consumption and investment, while inflation is eroding the real value of current wage incomes. Symptoms of excess supply abound. However, falling inflation and a recovery in household incomes will gradually restore demand and sales, thereby paving the way for an acceleration in growth. But these positive developments will set in only towards the end of 2023.