Polish economy grew 3.2% in Q4 2024: stats office

The Polish economy grew 3.2 percent in the final quarter of last year, the country’s statistics office said on Thursday in a preliminary estimate.

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The reading was in line with a flash estimate released by the Statistics Poland (GUS) office earlier this month.

According to the preliminary estimate, the seasonally adjusted gross domestic product (#GDP) in the 4th quarter of 2024 was higher by 3.2% YoY.https://t.co/DYrl77PcZF#StatisticsPoland #statistics #NationalAccounts #economy pic.twitter.com/nOCqVoAkiV

— Statistics Poland (@StatPoland) February 27, 2025

Investment increased by 1.3 percent, while private consumption expanded by 3.5 percent in Poland in the fourth quarter of 2024, Statistics Poland reported.

Domestic demand rose by 4.8 percent, it said.

Poland's gross domestic product grew 2.7 percent in the third quarter of 2024, after expanding by 3.2 percent in the second quarter and 2.1 percent in the first quarter, according to Statistics Poland.

In 2024 as a whole, the Polish economy grew 2.9 percent, after expanding by 0.1 percent in 2023, according to a preliminary estimate released by Statistics Poland at the end of last month.

Poland's president last month signed the country's budget for 2025, which expects the economy to grow 3.9 percent this year.

(gs)

Source: IAR, PAP