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The economy of Poland is an industrialised, mixed economy with a developed market that serves as the sixth-largest in the European Union by nominal GDP and fifth-largest by GDP (PPP). Poland boasts the extensive public services characteristic of most developed economies.
- 38,179,800 (31 March 2021)
- Calendar year
- Złoty (PLN, zł)
The last 30 years have witnessed Poland's greatest economic success in the history of its independence. Between 1990 and 2018, the country's gross domestic product (GDP) grew nearly eightfold.
Economy of Poland. Before World War II, Poland was a free-market economy based largely upon agriculture but with a few important centres of manufacturing and mining. After the initiation of communist rule in the 1940s, the country developed an increasingly industrial, state-run command economy based on the Soviet model.
Apr 19, 2024 · Recent Economic Developments. After robust 5.3% real GDP growth in 2022, economic expansion decelerated markedly in 2023, to 0.2%. Private consumption was the main drag contracting due to high inflation, tighter financing conditions, and the unwinding of household support measures.
May 2, 2024 · September 2023 Economic Policy Reforms: Going for Growth 2023 - Poland
Overview. Prior to the onset of the Covid-19 pandemic, Poland experienced a decade of strong economic growth. From 2010 to 2019, Poland’s gross domestic product (GDP) increased by 38% and its economic growth rate was 4.7% in 2019, significantly higher than the European Union (EU) average of 1.5%.
Dec 13, 2023 · We forecast that economic growth in Poland will rebound in 2024, although a weak external sector will constrain the scale of the recovery. Read more: What to watch in 2024: Poland attempts to reinvent itself. Read more: New Polish government faces first roadblocks. Read more: Eastern EU members: industries of the future
