CURRENT ECONOMIC PERFORMANCE
.svg.png)
2016 EPI score
| F (Very Poor) |
D (Poor) |
C (Fair) |
B (Good) |
A (Excellent) |
A+ (Superior) |
| <60 | 60-80 | 80-90 | 90-95 | 95-100 | >100 |
Poland: strong growth in Europe
Poland’s economic performance has been good, with the EPI score projected to be 92.9%, or a B level, in 2016. Economic growth of about 3.5%, driven by internal consumption and higher exports, shows signs of improvement in the Polish economy relative to its European Union peers.
Lower oil prices materially decreased food and energy prices, as Poland is an energy importer, pushing inflation to the negative territory and supporting economic growth overall. The unemployment level of 7.2% in 2016 remains high but is on a declining path.
The 5-Minute Economist projects Poland’s economic performance to remain good, with the EPI score remaining above 90% in the next few years, supported by strong GDP growth of about 3.5%. Unemployment is likely to continue falling but inflation is likely to start picking up, once deflationary effects of lower energy prices fade out. The budget deficit is projected to stay below 3%, in line with the European Union standards.
ECONOMIC PERFORMANCE HISTORY
EPI COMPONENTS PERFORMANCE HISTORY
Inflation
Unemployment
Budget deficit
GDP Growth
EPI DATA FOR POLAND
| Year | Inflation Rate (%) | Unemployment Rate (%) | Budget Deficit as a Percent of GDP (%) | Change in Real GDP (%) | Raw EPI Score (%) | Change From Previous Year | Raw EPI performance |
|---|---|---|---|---|---|---|---|
| 2000 | 10.1 | 16.1 | 3.0 | 4.3 | 75.1 | -6.7 | D+ |
| 2001 | 5.5 | 18.2 | 4.8 | 1.2 | 72.7 | -2.4 | D |
| 2002 | 1.9 | 19.9 | 4.8 | 1.4 | 74.8 | 2.1 | D |
| 2003 | 0.8 | 19.6 | 6.1 | 3.6 | 77 | 2.2 | D+ |
| 2004 | 3.5 | 19.0 | 5.1 | 5.1 | 77.6 | 0.6 | D+ |
| 2005 | 2.1 | 17.7 | 4.0 | 3.5 | 79.7 | 2.1 | D+ |
| 2006 | 1.0 | 13.8 | 3.6 | 6.2 | 87.7 | 8.1 | C |
| 2007 | 2.5 | 9.6 | 1.9 | 7.2 | 93.3 | 5.5 | B |
| 2008 | 4.2 | 7.1 | 3.6 | 3.9 | 89.0 | -4.3 | C+ |
| 2009 | 3.5 | 8.2 | 7.3 | 2.6 | 83.7 | -5.3 | C |
| 2010 | 2.6 | 9.6 | 7.3 | 3.7 | 84.1 | 0.4 | C |
| 2011 | 4.3 | 9.6 | 4.8 | 5.0 | 86.3 | 2.2 | C |
| 2012 | 3.7 | 10.1 | 3.7 | 1.6 | 84.1 | -2.2 | C |
| 2013 | 0.9 | 10.3 | 4.1 | 1.4 | 86.1 | 2.0 | C |
| 2014 | 0.0 | 9.0 | 3.4 | 3.3 | 90.8 | 4.7 | B- |
| 2015 | -0.9 | 7.5 | 2.6 | 3.9 | 93.0 | 2.1 | B |
| 2016 | -0.6 | 6.1 | 2.4 | 2.8 | 93.7 | 0.7 | B |
| 2017* | 2.3 | 5.5 | 2.9 | 3.4 | 92.6 | -1.1 | B |
| 2018* | 2.3 | 5.3 | 2.6 | 3.2 | 93.0 | 0.4 | B |
| 2019* | 2.5 | 5.2 | 2.6 | 3.0 | 92.8 | -0.2 | B |
| 2020* | 2.5 | 5.2 | 2.3 | 2.9 | 93.0 | 0.2 | B |
| 2021* | 2.5 | 5.3 | 2.2 | 2.8 | 92.8 | -0.2 | B |
| 2022* | 2.5 | 5.5 | 2.1 | 2.7 | 92.6 | -0.2 | B |