Poland
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Population, 1000 persons | 36822 | 36687 | 36600 | . | . | . |
| GDP, real change in % | 5.3 | 0.2 | 2.9 | 3.5 | 3.5 | 3.0 |
| GDP per capita (EUR at PPP) | 28150 | 29580 | 31370 | . | . | . |
| Gross industrial production, real change in % | 10.3 | -1.2 | 0.6 | . | . | . |
| Unemployment rate - LFS, in %, average | 2.9 | 2.8 | 2.9 | 2.8 | 2.7 | 2.7 |
| Average gross monthly wages, EUR | 1358 | 1585 | 1900 | . | . | . |
| Consumer prices, % p.a. | 13.2 | 10.9 | 3.7 | 4.4 | 3.0 | 2.5 |
| Fiscal balance in % of GDP | -3.4 | -5.3 | -6.6 | -5.6 | -4.6 | -4.3 |
| Public debt in % of GDP | 48.8 | 49.5 | 55.3 | . | . | . |
| Current account in % of GDP | -2.2 | 1.8 | 0.2 | -0.8 | 0.1 | 0.7 |
| FDI inflow, EUR m | 39258 | 31743 | 16969 | . | . | . |
| Gross external debt in % of GDP | 53.2 | 51.6 | 52.1 | . | . | . |
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
publication_icon
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
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.