Poland's gross domestic product in 2022 increased by 5.1% year on year, against the previously forecast 4.9% - Poland's Central Statistical Office (Statistics Poland) said in the final estimate released on Thursday. The stats office added that the previous year - in 2021 - the country's GDP had increased by 6.9%, compared to 6.8% from the previous estimate.
Statistics Poland said on Thursday that - according to the final estimate - Poland's gross domestic product (GDP) in 2021 increased by 6.9% year-on-year comparison against 6.8% previously published. In 2022, the country's GDP increased by 5.1% against 4.9% previously released.
Statistics Poland also said that in the Q1 of 2022, compared to the corresponding period of 2021, the GDP growth had been higher than previously forecast and amounted to 8.8% (against 8.6%), in Q2 the GDP increased by 6.1% (against 5.8%), in Q3 - 3.9% (against 3.6%), and in Q4 - by 2.3% (against 2.0%).
GDP forecasts
According to experts from the Polish Economic Institute, Poland's GDP in 2023 will increase by 0.8%, and by 2.2% in 2024.
"Economic growth in 2023 and 2024 will be lower than the potential of Poland's economy. We expect this year's GDP to increase only by 0.8%," the analysts added.
"The speed of consumption expenditures will be much slower than in the previous years. The economy will be mainly boosted by investments and net exports, however, they will be only moderate driving forces. Under such structure, the growth speed in 2024 will amount only to 2.2%. It will, however, be temporary deceleration," Polish Economic Institute experts explained.
Źródło: TVN24 News in English, TVN24 Biznes, PAP
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