Global GDP Growth: Overview
Inflation-adjusted base year prices are used to calculate real GDP. Real GDP changes serve as a gauge of economic growth and show whether the economic activity has increased or decreased. According to real GDP, the world's top five economies are the US, China, Japan, Germany, and India. After the US, China had the largest real GDP in 2021 with a value of $12.7 trillion. With a $6 trillion real GDP during the same period, Japan came in third place internationally. Germany and India are the other two largest economies, with real GDPs of $3.8 trillion and $2.9 trillion, respectively.
Poland Exports: Overview
Nuclear reactors, boilers, and machinery exports accounted for an increased share of total exports in 2020, up from 13.1% in 2016 to 13.37%. This sector accounted for the highest share of Poland’s entire export basket as of 2020. In 2020, Poland accounted for 1.7% of total world exports of nuclear reactors, boilers, and machinery. The total export value of vehicles accounted for a 9.7% share of Poland’s export basket in 2020, a decline from 12.2% in 2016.
In 2020, Poland recorded an increase in overall commodity exports by 0.91% compared to 2019. However, the top five export commodities growth fell by 1.4% in 2020 compared to 2019.
Germany, Italy, France, and the Netherlands were Poland’s top four trading partners in 2020; they accounted for 38.6% of total trade (exports and imports).
Poland Exports as a % of GDP
Exports as a % of GDP of Poland was 52.5% in 2021, decreased by 4.0% year on year basis in 2021, and between 2010-2021, the exports as a % of GDP in Poland increased by 29.2%. The indicator was highest in the year 2018 (56.7%), and lowest in the year 2010 (40.7%).
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