Polish GDP grew 0.2% in 2023: stats office

The Polish economy grew 0.2 percent last year, the country’s statistics office said on Wednesday in a preliminary estimate.

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The reading was 0.3-0.4 percentage points lower than expected by analysts, public broadcaster Polish Radio’s IAR news agency reported.

In 2022, Poland’s gross domestic product expanded by 5.3 percent, according to the state-run Statistics Poland (GUS) agency.

According to the preliminary estimate, the increase of real gross domestic product (#GDP) in 2023 was 0.2% compared with 2022, against the increase of 5.3% in 2022 (constant average prices of the previous year).https://t.co/SgAmQoFtsK#StatisticsPoland #statistics pic.twitter.com/GeQRw3LJNO

— Statistics Poland (@StatPoland) January 31, 2024

Poland’s central bank in November predicted that the country's GDP would grow 0.3 percent in 2023, followed by 2.9 percent in 2024 and 3.6 percent in 2025.

Poland’s parliament this month approved the country's budget for 2024, which expects the economy to grow 3 percent this year.

(gs)

Source: PAP, IAR