GDP

GDP of Poland in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
pol

GDP Summary

“Poland with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 18343, and the growth rate in 2022 is 5.1%.”

Population

37.965 million

Land Size

306170 km²

GDP

690.68 billion

GDP Per Capita

18343 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
56.8%
Government Expneidutre
17.9%
Capital Formation
16.7%
Export
62.2%
Import
60.7%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
1.9%
Industry
31.5%
Manufacturing
18.2%
Service
66.4%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

In the second half year of 2022, positive economic growth was mainly due to the growth of industrial inventories as global supply disruptions eased, enabling factories to catch up with existing production orders. However, the outlook of 2023 is grimmer, with IMF estimated the growth rate to be only 0.5%, as the economy emerges from an anticipated recession. Private consumption will decline sharply as real wages decrease significantly for the second consecutive year. While measures to compensate households for higher energy costs will partly offset the impact on disposable incomes, they will also prolong demand-side inflationary pressures. Fixed investment will contract as companies struggle with rising uncertainty, soaring costs, and the burden of higher interest rates. Export growth will also slow sharply as Poland’s key export markets in the EU, especially Germany, experience ful...

Unemployment

2.9 %

Inflation

14.4 %

Urbanization

60 %

TFR

1.4 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Poland

1338110 million USD

Silesia

156231 million USD

Greater Poland

133643 million USD

Lesser Poland

108451 million USD

Warsaw

237005 million USD

Lower Silesia

111990 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Poland

-2.02 %

Silesia

-5.35 %

Greater Poland

-1.13 %

Lesser Poland

-1.85 %

Warsaw

-1.08 %

Lower Silesia

-0.69 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Poland

35307 USD

Silesia

35007 USD

Greater Poland

38419 USD

Lesser Poland

32159

Warsaw

76733 USD

Lower Silesia

39142 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Poland

-1.98 %

Silesia

-5.08 %

Greater Poland

-1.27 %

Lesser Poland

-2.07 %

Warsaw

-1.78 %

Lower Silesia

-0.66 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %