Tuesday, 3 March 2026
Poland’s economy maintained solid growth at the end of 2025, supported primarily by household consumption and public spending, according to preliminary data released by Statistics Poland.
Gross domestic product rose by 4.0 percent year-on-year in the fourth quarter of 2025, improving on the 3.5 percent increase recorded in the same period a year earlier. On a seasonally adjusted basis, the economy expanded by 1.0 percent compared with the previous quarter and by 3.6 percent year-on-year.
For the full year 2025, economic growth was confirmed at 3.6 percent, unchanged from the earlier estimate.
Domestic demand remained the principal growth engine. Total domestic uses increased by 4.3 percent year-on-year in the fourth quarter. Final consumption expenditure rose by 5.2 percent, driven by a 4.2 percent increase in household spending and a 7.3 percent rise in public consumption.
Investment activity also contributed positively. Gross capital formation grew by 1.7 percent year-on-year, while gross fixed capital formation increased by 4.7 percent. The investment ratio stood at 22.3 percent, slightly below the level recorded a year earlier.
Despite the overall positive picture, inventory changes continued to exert a negative effect on growth, and net exports made a small negative contribution in the quarter.
Quarter-on-quarter dynamics also improved. Gross value added across the economy rose by 0.9 percent compared with the third quarter of 2025. Among sectors, trade and repair, construction and industry recorded notable gains, while financial and insurance activities declined.
Domestic demand increased by 1.4 percent quarter-on-quarter, supported by a 1.5 percent rise in total consumption expenditure.
On a year-on-year basis, gross value added in the national economy expanded by 3.5 percent in the fourth quarter. Industry, construction, trade and transport all posted growth in the range of roughly four to five percent, indicating broad-based expansion across the real economy. In contrast, financial and insurance activities recorded a marked decline.
Overall, the data suggest Poland entered 2026 with steady economic momentum, underpinned mainly by resilient consumer demand and public spending, while external trade provided limited support in the final quarter.
