Poland’s GDP sees some of the fastest growth in Europe

By Grzegorz Adamczyk
1 Min Read

Eurostat data shows that while the eurozone economies contracted by 0.1 percent, the EU as a whole remained in the black, with Poland being one of the fastest growers. 

In the third quarter of this year, Malta recorded the highest growth rate of 2.4 percent. Poland came second with 1.4 percent, and Cyprus third with 1.1 percent GDP growth

Also relating to the third quarter, the biggest GDP fall occurred in Ireland (-1.9 percent) followed by Estonia (-1.3 percent) and Finland (-0.9 percent). Out of the 27 EU states, 13 recorded a fall in their GDP. Germany recorded a fall of 0.1 percent. 

As far as annual figures are concerned, Malta grew by 7.1 percent over last year in front of Croatia (3 percent) and Romania (2.9 percent). At the other end of the spectrum, we have Ireland (-5.6 percent) and then Estonia (-4 percent), and Luxembourg (-1.8 percent).

Out of the 27 EU member states, 10 recorded negative annual growth, with the largest European economy, Germany, recording a fall of 0.4 percent. Poland’s GDP growth was 0.6 percent. 

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