The paper aims to identify the major components and trends in the Polish economic growth during the years 2001-2010. The analysis was based on decomposition of the GDP, using one of the neoclassical economic growth models, namely the Solow’s growth model. The source data was obtained from reports on the state of the economy published by the Ministry of Economy and data of the Central Statistical Office (GUS). The obtained analysis results show that during the years 2001-2010, the two major demand factors of Polish economic growth were: (i) growth of overall consumption, notably individual consumption, and (ii) increasing accumulation in the economy, dependent on the market situation. Among the supply determinants, particular importance was assigned to the rise in overall productivity of production factors and to fixed capital increase. The influence of labour resources varied depending on the socioeconomic situation of the country.