Gross domestic product (GDP) growth rate in Poland 2021

In 2018, the growth in real gross domestic product (GDP) in Poland was up 5.1 percent from the year before, continuing a trend of positive growth in GDP. It is projected that Poland’s real GDP will grow through 2021, though at a declining rate to around 4.23 percent. In 2018, Poland’s GDP reached over 1,215.45 billion international dollars.

Poland’s economy seems stable

Just over half of the country’s GDP comes from its services sector , which includes a growing real estate industry. Interestingly, Poland is one of the few countries that didn’t experience a recession during the 2008 global financial crisis, and has experienced growth in GDP for the past 26 years. Its unemployment rate, which dropped dramatically to 3.67 percent in 2018, has consistently been lower than the EU average. As such, most of Poland’s potential work force is employed.

Poland’s population at work

Within Poland’s working population, most work in the services sector. A little over half of the population works in city centers; urbanization in Poland is about five percent more than the global average. Poland’s capital city of Warsaw has about 1.7 million residents.