The Statistics Poland information on the updated 2019-2020 quarterly GDP estimate

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According to the final estimate gross domestic product (GDP) in 2019 grew by 4.7% year-on-year comparison against 4.5% previously published. The decrease of GDP in 2020 did not change and it was 2.7%.

Together with the release on ”General government deficit and debt in 2020”, the Statistics Poland issues hereby updated 2019-2020 (annual and quarterly) GDP estimates.

The data on GDP and its elements was revised in comparison with the previously published estimates because of:

  • making the final estimate of GDP for 2019,
  • taking into consideration more complete information about the results for the whole 2020 in terms of corporate finance, foreign trade in goods and services, developing results for April general government deficit and debt needs and the related revision of the non-financial quarterly accounts  as well as the use of available data from administrative sources.