Poland GDP Growth Rate QoQ
Despite the fact that Poland has the 8th largest economy in the European Union, its GDP per capita is much lower than the EU average. The country's industrial backbone is comprised of the coal, textile, chemical, machinery, iron, and steel industries, and has lately grown to include fertilizers, petrochemicals, machine tools, electrical machinery, electronics, automobiles, and shipbuilding industries as well. When it comes to expenditures, household consumption is the most important component of GDP (accounting for 60% of total use), followed by gross fixed capital formation (20%), and government expenditure (18%). Currently, exports of goods and services account for 47% of GDP, while imports account for 46%, contributing 1% to total GDP.
A higher than expected figure should be seen as positive (bullish) for the PLN while a lower than expected figure should be seen as negative (bearish) for the PLN.
Forex Sentiment (PLN)
News (PLN)
Polish Economy Expands 4.9% In 2022
The Polish economy expanded during the year 2022 amid a solid increase in domestic demand and investments, though at a slower pace compared to the previous year, flash data from Statistics Poland showed on Monday. Gross domestic product advanced 4.9 percent in 2022 versus a 6.8 percent rise in 2021.
RTTNews | 464 days ago
