Polish 2019, 2020 GDP growth rates revised up

The Polish economy shrank 2.7 percent last year after growing 4.7 percent in 2019, the country’s Central Statistical Office (GUS) said on Thursday, revising upward its previous estimates for both years.

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Image by Gerd Altmann from Pixabay

The state-run statistics agency in October reported that the Polish economy grew 4.5 percent in 2019.

The state-run statistics agency said in late January that the Polish economy contracted by 2.8 percent in 2020 amid the coronavirus pandemic.

According to the final estimate gross domestic product (GDP) in 2019 grew by 4.7% YoY comparison against 4.5% previously published. The decrease of GDP in 2020 did not change and it was 2.7%.https://t.co/s5KbRE2OB5#StatisticsPoland #statistics #NationalAccounts pic.twitter.com/BR79Jw546d

— Statistics Poland (@StatPoland) April 22, 2021

The latest figure for 2019 is 0.7 percentage points higher than an initial estimate of 4 percent released by the office in January last year.

(gs/pk)

Source: PAP