Between 2013 and 2023, the value added by the wholesale, retail trade, restaurants, and hotels sector in Poland experienced a substantial decline and subsequent recovery. The value fell dramatically between 2013 and 2016, shrinking to 77.199 billion USD from 94.825 billion USD. However, modest recovery began in 2017 with an annual growth rate of 4.65%, stabilizing through 2018 and 2019. The COVID-19 pandemic led to a sharp contraction of 16.16% in 2020, but the sector rebounded strongly in 2021 with a 21.67% increase, and a steady but slower growth rate was maintained up to 2023. The sector was valued at 85.756 billion USD in 2023.
The projected data from 2024 to 2028 indicates a continuation of this steady growth trend. With a forecasted Compound Annual Growth Rate (CAGR) of 0.74%, the value added is expected to rise to 89.864 billion USD by 2028, representing a cumulative 3.75% increase over the five-year period.
Future trends to watch for include potential impacts of technological advancements in retail and hospitality, shifts in consumer behavior post-pandemic, and economic policies influencing trade and hospitality sectors. Additionally, the integration of sustainability practices may become increasingly significant in shaping the future growth of this sector.
