Poland's GDP growth slows to 1% in Q4 2023
15 Feb 24 1 min read
Insights
- GDP growth in Poland decelerated to 1 per cent in Q4 2023 from 2.5 per cent in the same period of 2022.
- Despite the slowdown, seasonally adjusted GDP in Q4 2023 remained stable compared to the previous quarter and increased by 1.7 per cent YoY.
- Seasonally unadjusted GDP also saw a 1 per cent growth compared to the corresponding quarter of the previous year.
Despite this slowdown, when adjusted for seasonality and based on constant prices with 2015 as the reference year, GDP in Q4 2023 managed to maintain the same level as observed in the previous quarter. Moreover, this seasonally adjusted GDP marked a 1.7 per cent rise compared to the fourth quarter of the previous year.
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The seasonally unadjusted GDP, calculated using constant average prices of the previous year, experienced a 1 per cent increase compared to the corresponding quarter of the previous year, as per Statistics Poland.
Fibre2Fashion News Desk (DP)
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