Poland's GDP up by 5.7% in 2021
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The Gross Domestic Product (GDP) of Poland grew by 5.7 percent in 2021 compared to the previous year, compared to a 2.5 percent decline in 2020, the Central Statistical Office (GUS) reported preliminary estimates.
"Optimistic: we are leaving the pandemic low behind us. Less optimistic: we will not see such an increase in the trend for a long time. 2022 close to 4 percent," mBank analysts commented on Twitter.
In 2021, domestic demand increased in real terms by 8.2 percent compared to 2020, when a decrease of 3.4 percent was recorded. Total consumption in 2021 increased in real terms by 4.8 percent, including consumption in the household sector by 6.2 percent (in 2020 there was a decrease by 1.1 percent and 3 percent, respectively), it was also reported.
