map Poland
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.
Main Economic Indicators202020212022202320242025
Population, 1000 persons378993774737711...
GDP, real change in %-
GDP per capita (EUR at PPP)228602508027980...
Gross industrial production, real change in %-1.214.510.6...
Unemployment rate - LFS, in %, average3.
Average gross monthly wages, EUR117612451354...
Consumer prices, % p.a.
Fiscal balance in % of GDP-6.9-1.8-3.7-4.8-4.0-3.5
Public debt in % of GDP57.253.649.1...
Current account in % of GDP2.4-1.4-3.0-
FDI inflow, EUR m166463137132779...
Gross external debt in % of GDP58.456.052.8...

Basic data are continuously updated.

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


Executive summary

Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI


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