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.

Category:  GDP Growth Rate
Units:  Percent
Details
Impact: Medium
Country:
Currency: PLN
Latest Release
Previous: 0.7%
Consensus: 0.5%
Actual: 0.8%
Next Release
Date: Sep 01, 08:00
Time left: 20h 18min
Consensus: 0.8%

Forex Sentiment (PLN)

Symbol Community Trend (Shorts vs Longs) Symbol Popularity Avg. Short Price /
Distance From Price
Avg. Long Price /
Distance From Price
Current Price
EURPLN
4.2108
-471 pips
4.2731
-152 pips
4.25793
Symbol Action Percentage Volume Positions
EURPLN Short 57% 0.40 lots 20
Long 43% 0.30 lots 6
0% of traders are currently trading EURPLN.
USDPLN
3.7092
+643 pips
3.7593
-1144 pips
3.64490
Symbol Action Percentage Volume Positions
USDPLN Short 28% 0.53 lots 3
Long 72% 1.35 lots 41
0% of traders are currently trading USDPLN.