Economy, Finance and Trade: Poland

March 2023

Economic growth in Poland slowed down in real terms in 2022 compared to the previous year, although remained stronger than anticipated. Over the year, economic expansion was supported by elevated private consumption, solid external demand and increasing foreign investments. However, elevated inflationary pressures and tightening financial conditions are set to undermine business and consumer confidence, raise uncertainty and weigh on the country’s economic outlook over the near term.

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

Economy, Finance and Trade: Understanding the structure, health and potential risks of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact consumer market potential. Import and export trade profiles help gauge how open an economy is to trade and investment, while analysis of government finances can be used to explore macroeconomic stability and susceptibility to economic shocks.

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The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Economy, Finance and Trade: Poland

HEADLINES

Poland is anticipated to face sharp economic slowdown in 2023
Inflationary pressures are forecast to remain high over the near term
EU countries remain the main destinations for Polish exports
Poland’s popularity for foreign investments continues to rise
Substantial increase in defence spending is anticipated amid the war in Ukraine

COUNTRY RISK ANALYSIS

Chart 1 Economic Landscape of Poland 2022-2027
Chart 2 Real GDP Growth in Poland 2010-2027
Chart 3 GDP Size and Growth 2017-2027
Chart 4 Gross Value Added by Sector in Poland 2022
Chart 5 Domestic Demand 2022 and Period Growth 2017-2022
Chart 6 Standardised Business Confidence Index 2017-2024
Chart 7 Standardised Consumer Confidence Index 2017-2024
Chart 8 Productivity 2017/2022
Chart 9 Productivity by Sector in Poland 2022 and CAGR 2017-2022
Chart 10 Monetary Landscape of Poland 2022
Chart 11 Inflation 2017-2027
Chart 12 Average Inflation 2017-2027
Chart 13 Interest Rates in Poland 2017-2024
Chart 14 Exchange Rates 2017-2024
Chart 15 Money Supply Growth and Money Velocity in Poland 2017-2024
Chart 16 Foreign Trade Landscape of Poland 2022
Chart 17 Exports and Export Price Index in Poland 2017-2022
Chart 18 Exports by Commodity in Poland 2022
Chart 19 Top 10 Export Destinations 2022 and Period Growth 2017-2022
Chart 20 Imports and Import Price Index in Poland 2017-2022
Chart 21 Imports by Commodity in Poland 2022
Chart 22 Top 10 Import Origins 2022 and Period Growth 2017-2022
Chart 23 Investment Landscape of Poland 2021-2022
Chart 24 Foreign Direct Investment Inflows and FDI Intensity 2021
Chart 25 Foreign Direct Investment Inflows and Outflows in Poland 2016-2021
Chart 26 Gross Fixed Capital Formation in Poland 2017-2024
Chart 27 Government Budget Landscape of Poland 2022
Chart 28 Public Debt 2022
Chart 29 Government Revenue 2022
Chart 30 Government Expenditure 2022
Chart 31 Government Expenditure by Economic Type in Poland 2022
Chart 32 Government Expenditure by Function in Poland 2022 and Period Growth 2017-2022
Chart 33 Baseline and Scenario Forecasts in Poland 2020-2026
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