Poland‘s seasonally-adjusted GDP rose by 0.8% in the second quarter of 2025, on a quarter-on-quarter basis, Statistics Poland has said.
Compared to the same quarter in 2024, GDP was 3.0% higher.
Seasonally unadjusted GDP, measured using constant average prices from the previous year, rose by 3.4% compared with the second quarter of 2024. This growth rate matched the 103.4 index value recorded in the first quarter of 2025.
The figures are based on a flash estimate prepared by Statistics Poland.
Expert analysis
Commenting on the performance of Poland’s economy, ING noted that while the latest release did not feature a performance breakdown by sector, monthly indicators point to continued expansion in the services sector, while manufacturing output remained subdued and construction activity showed signs of decline.
“On the expenditure side of GDP, growth was primarily fuelled by household consumption, which – based on our estimates – rose by around 4% YoY, up from 2.5% in the first quarter of 2025,” commented ING senior economist Adam Antoniak.
“This trend is supported by a strong increase in retail sales during the previous quarter (up 5.8% YoY compared to 1.4% YoY in 1Q). The surge in goods demand was partly driven by the shift in Easter-related spending from March 2024 to April 2025. Rising consumption likely coincided with an increase in fixed investment (mainly public), a positive contribution from inventory changes, and a negative impact from net exports.”
Antoniak added that the Polish economy is ‘on track’ to expand by 3.5% this year, with monetary policy easing expected to support the economy’s expansion.
“Economic activity in 2Q25 was underpinned by the Easter effect, and maintaining buoyant growth in the second half of the year will require a further revival of fixed investment, especially in the private sector,” he added. “The ongoing cycle of monetary easing, coupled with recovering credit demand and increased absorption of EU funds, is expected to bolster investment activity.”
Challenges remain, however, particularly for the industrial sector, where demand in major export markets is likely to be ‘subdued’, Antoniak noted. Read more here.
