According to the latest data from the World Bank, last year the value of exports of products and services from Poland reached a record $469.01 billion. These data show that sales of goods produced in Poland and offered by Polish companies are growing dynamically, characterized by high diversification and lack of dependence on one group of products or services. The key element of success is precisely the diversity of the export offer and the flexibility of the Polish economy, which is able to adapt to global turbulence and shortages of raw materials.

Poland currently ranks as the tenth largest economy in the European Union, according to Lloyds Bank. The country has coped well with the challenges of the global crisis caused by the COVID-19 pandemic, achieving an impressive 5.1% growth in 2022. Although momentum weakened somewhat in 2023, economic growth remained positive (+0.6%), mainly due to the positive contribution of net exports.

Analysts predict further economic recovery in Poland in 2024. GDP growth forecasts have been raised by Fitch to 3.0%, while Erste Group Bank forecasts growth of 3.2%. S&P Global Ratings raised its forecast for 2024-2025 to 3% and 3.4% year-on-year, respectively.

The Central Statistical Office (GUS) reported that Polish GDP grew by 3.2% year-on-year in the second quarter of this year, and all indications are that the fourth quarter will bring a further recovery in production, export sales and investment. The PMI index of the Polish industrial sector reached 48.6 points in September 2024, the highest since November 2023.