The European economy was weak in 2023, but a broad-based recession was ultimately avoided. While inflation is on its way down and interest rates will eventually start to fall, 2024 won’t bring a significant pickup in growth. Economies such as Germany and Austria are in a particularly dire state given broad-based industrial weakness. By contrast, a relentless inflow of tourists will support the tourism-dependent southern European economies. The...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2023 Q4 | 468,324 | 500,492 | Mil. PLN, NSA | Quarterly |
Government Consumption | 2023 Q4 | 188,000 | 158,198 | Mil. PLN, NSA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 934,223 | 845,413 | Mil. PLN, NSA | Quarterly |
Investment | 2023 Q4 | 223,934 | 129,651 | Mil. PLN, NSA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 217,031 | 142,325 | Mil. PLN, NSA | Quarterly |
Real Gross Domestic Product | 2022 Q2 | 558,777 | 554,892 | Mil. Ch. 2015 PLN, NSA | Quarterly |
Real Investment | 2022 Q2 | 113,022 | 118,970 | Mil. Ch. 2015 PLN, NSA | Quarterly |
Real Government Consumption | 2022 Q2 | 96,419 | 90,705 | Mil. Ch. 2015 PLN, NSA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2022 Q2 | 91,629 | 74,014 | Mil. Ch. 2015 PLN, NSA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Feb 2024 | 251.3 | 250.5 | 1998=100, NSA | Monthly |
Producer Price Index (PPI) | Jan 2024 | 99.8 | 98.6 | Previous month=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment Rate | Jan 2024 | 5.4 | 5.1 | Percent, NSA | Monthly |
Unemployment | 2023 Q4 | 547 | 475 | Ths. #, NSA | Quarterly |
Labor Force | 2023 Q4 | 17,870 | 17,348 | Ths. #, NSA | Quarterly |
Labor Force Employment | 2023 Q4 | 17,323 | 16,873 | Ths. #, NSA | Quarterly |
Total Employment | 2023 Q4 | 17,323 | 16,873 | Ths. #, NSA | Quarterly |
Wage & Salaries | 2023 Q3 | 212.97 | 207.41 | Bil. Zloty, NSA | Quarterly |
Agriculture Employment | 2017 | 1,932,674 | 1,946,773 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Exports of Goods | Jan 2024 | 28,166 | 27,697 | Mil. USD, NSA | Monthly |
Current Account Balance | Jan 2024 | 1,286 | -25 | Mil. USD, NSA | Monthly |
Imports of Goods | Jan 2024 | 29,568 | 27,090 | Mil. USD, NSA | Monthly |
Balance of Goods | Jan 2024 | 1,402 | -607 | Mil. USD, NSA | Monthly |
Exports of Goods and Services | 2023 Q4 | 491,234 | 468,540 | Mil. PLN, NSA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 445,328 | 420,101 | Mil. PLN, NSA | Quarterly |
Real Imports of Goods and Services | 2022 Q2 | 330,755 | 325,547 | Mil. Ch. 2015 PLN, NSA | Quarterly |
Net Exports | 2022 Q2 | 13,230 | 1,276 | Mil. PLN, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | 2020 | 1,028,880 | 924,957 | Mil. Zloty, NSA | Annual |
Government Expenditures | 2020 | 1,058,297 | 923,703 | Mil. Zloty, NSA | Annual |
Government Budget Balance | 2020 | -29,416 | 1,254 | Mil. Zloty, NSA | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 18 Mar 2024 | 5.75 | 5.75 | % p.a., NSA | Daily |
Stock Market Index | 15 Mar 2024 | 80,199 | 81,787 | Index, NSA | Business Daily |
Average Long-term Government Bond | Feb 2024 | 5.36 | 5.24 | % p.a., NSA | Monthly |
Money Market Rate | Feb 2024 | 5.6 | 5.55 | % p.a., NSA | Monthly |
Household Lending Rate | Dec 2023 | 9.56 | 9.46 | % p.a., NSA | Monthly |
Business Lending Rate | Dec 2023 | 7.79 | 7.63 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Building Permits | Jan 2024 | 20,530 | 22,018 | #, NSA | Monthly |
House Price Index | 2023 Q4 | 188.57 | 179.01 | Index 2010=100, SA | Quarterly |
Residential Building Permits | 2023 | 77,956 | 98,040 | # | Annual |
Dwelling Stocks | 2022 | 15,575,176 | 15,359,507 | # | Annual |
Building Completions | 2016 | 98,949 | 100,492 | # | Annual |
Residential Building Completions | 2016 | 75,877 | 76,663 | # | Annual |
Non-residential Building Completions | 2016 | 23,072 | 23,829 | # | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2024 | 1.2 | 1.6 | SA | Monthly |
Retail Sales | Jan 2024 | 103 | 97.7 | Index corr. per. prv. yr. = 100, NSA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | Feb 2024 | -16.4 | -16.8 | SA | Monthly |
Industrial Production | Jan 2024 | 109.3 | 109.5 | Index 2015=100, SA | Monthly |
Capacity Utilization | 2023 Q4 | 77.3 | 77.6 | %, SA | Quarterly |
Change in Inventories | 2023 Q4 | 6,794 | -12,842 | Mil. PLN, NSA | Quarterly |
Real Change in Inventories | 2022 Q2 | 21,392 | 44,956 | Mil. Ch. 2015 PLN, NSA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | Dec 2023 | 37,635 | 37,653 | Ths. #, NSA | Monthly |
Deaths | 2023:1 | 209,375 | 448,448 | # YTD, NSA | Annual |
Births | 2023:1 | 138,999 | 305,132 | # YTD, NSA | Annual |
Net Migration | 2017 | -50,002 | # | Annual | |
Death Rate | 2015 | 10.4 | # per Ths. pop. | Annual | |
Birth Rate | 2013 | 9.7 | 10.1 | # per Ths. pop. | Annual |