$114.4 billion (2016 est. (31 December 2017 est.) While Poland's growth is one of the fastest in Europe and Central Asia, overall growth dynamics in the region are being adversely affected by the downturn in Turkey and Russia. 96, country comparison to the world (CIA rank, may be based on non-current data): $114.4 billion [see also: Stock of broad money country ranks ] 4.8% Policies aimed at retaining skilled labor include promoting the private sector and boosting job creation, investing in higher education, and increasing opportunities for women in the economy. )country comparison to the world (CIA rank, may be based on non-current data): Taxes and other revenues: 39.5% (of GDP) Stock of direct foreign investment - abroad: The ruling Law and Justice (PiS) party won the October 2019 parliamentary election and will continue to implement controversial, nationalist policies. )country comparison to the world (CIA rank, may be based on non-current data): 3.9459 Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% government consumption: 17.7% $241 billion 38 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 30 Distribution of family income - Gini index: (2016 est.) (2016 est.) Economic growth is strong, the financial sector is stable and there are no short-term risks to fiscal sustainability. 30.8 [see also: Imports country ranks ] (31 December 2016 est. $27,500 Fiscal year: calendar year )country comparison to the world (CIA rank, may be based on non-current data): 23 Market value of publicly traded shares: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] 3.1538 (31 December 2017 est.) Stock of broad money: 128 (31 December 2017 est.) Imports: -$1.369 billion services: 57.6% Agriculture - products: potatoes, fruits, vegetables, wheat; poultry, eggs, pork, dairy [see also: Labor force - by occupation - industry country ranks ] (2017 est.) (31 December 2017 est.) $347.8 billion Public debt: $223.8 billion 1.5% $265.4 billion (2017 est.) Imports: $224.6 billion )country comparison to the world (CIA rank, may be based on non-current data): $223.8 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (31 December 2017 est.) $265.4 billion $29,600 (2017 est.) Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 20% of GDP 3.7721 28 -$1.369 billion $195.1 billion Poland is further bolstered by its membership of the European Union (EU), the European Economic Area (EEA), the World Trade Organisation (WTO), the North Atlantic Treaty Organisation (NATO) and the Organisation for Economic Co-operation and Development (OECD). 23 industry: 30.4% Exchange rates: zlotych (PLN) per US dollar - [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2017 est.) (2017 est.) (31 December 2015 est. $223.8 billion (2017 est.) $193.2 billion $223.8 billion (31 December 2017) [see also: Debt - external country ranks ] In Poland’s first democratic elections after the fall of Communism, Wałęsa endorsed a slate of candidates for the Sejm, the country’s Parliament. [see also: Stock of broad money country ranks ] [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. [see also: Imports country ranks ] (2017 est. $193.2 billion $72.87 billion Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): No claims are made regarding the accuracy of Poland Economy 2020 information contained here. (31 December 2017 est.) 30 lowest 10%: 3% 3.7721 (31 December 2016 est.) Stock of direct foreign investment - abroad: (2016 est. (2017) Reserves of foreign exchange and gold: [see also: Stock of domestic credit country ranks ] Exports: 3.9459 No claims are made regarding the accuracy of Poland Economy 2020 information contained here. $347.8 billion [see also: Stock of direct foreign investment - at home country ranks ] -$1.369 billion (2008)country comparison to the world (CIA rank, may be based on non-current data): (2016 est. 6.2% [see also: Inflation rate (consumer prices) country ranks ] [see also: Imports country ranks ] (31 December 2017 est.) 3.9459 Reserves of foreign exchange and gold: 3.1538 -$1.369 billion (31 December 2016 est.) $193.2 billion [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: Exports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Imports: )country comparison to the world (CIA rank, may be based on non-current data): ), Commercial bank prime lending rate: 3.748 (31 December 2016 est. [see also: Household income or consumption by percentage share - highest 10% country ranks ] $397 billion Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% $277.4 billion 4.7% (2017 est.) $224.6 billion (2017 est. 4.74% [see also: Commercial bank prime lending rate country ranks ] 3.748 (31 December 2017 est.) 30 Stock of direct foreign investment - at home: [see also: GDP - composition, by sector of origin - agriculture country ranks ] 153 [see also: Imports country ranks ] [see also: Debt - external country ranks ] Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% (2017 est.) lowest 10%: 3% (2017 est. [see also: Labor force - by occupation - industry country ranks ] (2016 est. 46 23 The forecast for 2020-2021 is maintained at 3.6% and 3.3%, respectively. $265.4 billion [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 23 WARSAW, 9 October 2019 – Poland’s economic growth rate is projected to reach 4.3% in 2019, driven primarily by expanding domestic consumption and a rebound in investment. (2017) Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: (31 December 2017 est.) Budget surplus (+) or deficit (-): -1.7% (of GDP) (31 December 2017 est.) (31 December 2017) 127 23 (31 December 2015 est. (2014 est.) (2016 est. 30.8 Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% [see also: Gross national saving country ranks ] (2016 est. 3.7721 23 $347.8 billion )country comparison to the world (CIA rank, may be based on non-current data): $224.5 billion … (2017 est.) $347.8 billion 26 Stock of domestic credit: $64.52 billion [see also: Budget - expenditures country ranks ] 4.8% 28 3.9459 (31 December 2016 est. Debt - external: [see also: Stock of domestic credit country ranks ] (2013 est. $241 billion (31 December 2016 est. 69, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) … 23 [see also: GDP - composition, by end use - exports of goods and services country ranks ] 3.1538 [see also: Commercial bank prime lending rate country ranks ] (31 December 2016 est. $265.4 billion Europe and Central Asia Economic Update - Fall 2019, Environmental and Social Policies for Projects, World Bank Economic Update for Europe and Central Asia. 100 [see also: Stock of broad money country ranks ] 4.74% According to data published by Ipsos, 46 percent of respondents in Poland thought that air pollution was one of the top three environmental issues facing their country, the most of any category. GDP - composition, by sector of origin: $1.584 billion revenues: 207.5 billion Stock of direct foreign investment - abroad: $64.52 billion 100 100 Stock of domestic credit: 26 Stock of direct foreign investment - at home: 46 26 (31 December 2017 est.) (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): Tight fiscal discipline, together with capital and product market reforms have allowed Poland to attract a large amount of foreign investment. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget surplus (+) or deficit (-) country ranks ] $193.2 billion [see also: GDP - composition, by sector of origin - agriculture country ranks ] (2017 est. [see also: Population below poverty line country ranks ] Between 2016 and 2018, GDP growth accelerated to 4.3 percent, employment jumped by 2.5 percent and unemployment fell to a record low of 3.9 percent. (2017 est.) (2013 est. $265.4 billion Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% $195.1 billion (31 December 2016 est. -$1.369 billion [see also: GDP - composition, by sector of origin - industry country ranks ] Labor force: 17.6 million [see also: GDP - composition, by end use - exports of goods and services country ranks ] $224.6 billion (31 December 2017 est.) 4.9% (31 December 2017 est.) (31 December 2016 est. Imports: Additional long-term challenges include diversifying Poland’s energy mix, strengthening investments in innovation, research, and development, as well as stemming the outflow of educated young Poles to other EU member states, especially in light of a coming demographic contraction due to emigration, persistently low fertility rates, and the aging of the Solidarity-era baby boom generation. Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% 31 Reserves of foreign exchange and gold: (31 December 2015 est. (2017 est. [see also: Labor force - by occupation - agriculture country ranks ] 35 (31 December 2016 est. Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% 3.748 [see also: GDP - real growth rate country ranks ] (31 December 2017) (2011 est.) It will be again supported by domestic demand, especially household consumption (59% of GDP), which remains the main growth driver. (31 December 2016 est. (2017 est.) GDP (official exchange rate): $524.8 billion $195.1 billion )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% $193.2 billion Reserves of foreign exchange and gold: The Polish economy performed well during the 2014-17 period, with the real GDP growth rate generally exceeding 3%, in part because of increases in government social spending that have helped to accelerate consumer-driven growth. 60, country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: Stock of domestic credit: (2012 est.) Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): 3.9459 $195.1 billion (2016 est. (31 December 2016 est. 19.2% of GDP [see also: Stock of domestic credit country ranks ] [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities, the data include subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 70 Inflation rate (consumer prices): [see also: Exports country ranks ] 3.9459 )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $224.6 billion Commercial bank prime lending rate: All suggestions for corrections of any errors about Poland Economy 2020 should be addressed to the CIA or the source cited on each page. (31 December 2016 est. (2011 est.) Debt - external: 23 $260.4 billion )country comparison to the world (CIA rank, may be based on non-current data): (2011 est.) [see also: Labor force - by occupation - services country ranks ] (2015) 1.5% Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% expenditures: 216.2 billion 1.5% (2013 est. [see also: Central bank discount rate country ranks ] (2016 est.) $64.52 billion [see also: Stock of domestic credit country ranks ] (2016 est.) (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): Some credit ratings agencies estimate that Poland during the next few years is at risk of exceeding the EU’s 3%-of-GDP limit on budget deficits, possibly impacting its access to future EU funds. (2016 est.) $347.8 billion (2017 est.) [see also: Stock of domestic credit country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% Stock of direct foreign investment - at home: For several months, in the streets of the biggest polish cities, many events, each of them gathering tens of thousands of Polish people, have been regularly organized by the Committee for the Defense of Democracy (Komitet Obrony Demokracji, KOD). $1.584 billion [see also: Public debt country ranks ] Imports: (2013 est. Stock of direct foreign investment - abroad: 23 Stock of narrow money: $419.7 billion 3.9459 3.7721 )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. Stock of direct foreign investment - abroad: $282.6 billion (31 December 2016 est. Imports: (2014 est.) ), Budget surplus (+) or deficit (-): -1.7% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): 23 Often comparing the country to Hungary, commentators … Labor force - by occupation: Population below poverty line: 17.6% $277.4 billion (31 December 2017) (2014 est.) 3.9459 $64.52 billion (2017) $72.87 billion 22 (2015 est.) (31 December 2017 est.) 97 $277.4 billion WARSAW, 9 October 2019 – Poland’s economic growth rate is projected to reach 4.3% in 2019, driven primarily by expanding domestic consumption and a rebound in investment. 4.9% )country comparison to the world (CIA rank, may be based on non-current data): 23 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] (31 December 2016 est. Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $347.8 billion (31 December 2017 est.) 3.9459 Fiscal year: calendar year 106 Household income or consumption by percentage share: [see also: GDP - composition, by sector of origin - industry country ranks ] 23 agriculture: 2.4% [see also: Stock of domestic credit country ranks ] 30 (2017 est. $114.4 billion $419.7 billion (2017 est. Stock of direct foreign investment - at home: Commercial bank prime lending rate: [see also: Budget - expenditures country ranks ], Taxes and other revenues: 39.5% (of GDP) Market value of publicly traded shares: expenditures: 216.2 billion investment in fixed capital: 17.7% (2017 est.) [see also: Budget - revenues country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: $72.87 billion )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Policymakers need to assist these groups by designing programs to retrain them and adjusting education systems for young people, so that they are not competing with lower-skilled immigrants. (31 December 2016 est. investment in inventories: 2% 97 (2017 est.) 3.9459 (2017 est.) ), GDP (official exchange rate): $524.8 billion $241 billion [see also: GDP - composition, by end use - household consumption country ranks ] 38 (2017 est.) (2017) $277.4 billion 23 (2015 est.) (2017), Reserves of foreign exchange and gold: (2017 est.) (2008)country comparison to the world (CIA rank, may be based on non-current data): Debt - external: The effects stemming from the annexations of Poland by the 18 th century Central and Eastern European empires, the time under communist rule and even the political divisions from the beginning of the 1990s still have an impact today, haunting the current political debate. (2017 est. industry: 30.4% [see also: GDP - composition, by end use - government consumption country ranks ] (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $347.8 billion $195.1 billion )country comparison to the world (CIA rank, may be based on non-current data): investment in fixed capital: 17.7% [see also: Stock of broad money country ranks ] (2017 est.) (2017 est.) 3.1538 3.9459 153 3.7721 (2017) [see also: GDP - composition, by end use - imports of goods and services country ranks ] $282.6 billion In 2013, Poland’s unemployment rate was 10.2%, below the European Union (EU) average of around 11%. (31 December 2017 est.) 22 [see also: Stock of narrow money country ranks ] (31 December 2017 est.) (2016 est.) $397 billion 1.5% Stock of direct foreign investment - abroad: Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): $64.52 billion 3.9459 Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Household income or consumption by percentage share - highest 10% country ranks ] $64.52 billion $419.7 billion (2017 est.) (31 December 2017 est.) (31 December 2016 est. $72.87 billion (2017 est.) [see also: Population below poverty line country ranks ] Reserves of foreign exchange and gold: Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% (2017 est.) [see also: Market value of publicly traded shares country ranks ] $64.52 billion )country comparison to the world (CIA rank, may be based on non-current data): (2015) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Unemployment rate country ranks ] 23 35, country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] (2016 est. (31 December 2017 est.) $72.87 billion $195.1 billion (31 December 2016 est. 3.7721 (31 December 2017 est.) 3.748 GDP - real growth rate: Distribution of family income - Gini index: $195.1 billion Commercial bank prime lending rate: (31 December 2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - expenditures country ranks ] Central bank discount rate: $72.87 billion (2017 est.) 33.7 services: 57.4% [see also: Budget - revenues country ranks ] Hungary and Poland Threaten E.U. 6.2% (31 December 2015 est. (31 December 2017 est.) [see also: Stock of broad money country ranks ] 30 (31 December 2016 est. $64.52 billion 3.748 In April, World Bank economists projected economic growth in Poland to reach 4.0% in 2019. 50.6% of GDP 1.5% (31 December 2017 est.) Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% 23 Is perceived most sharply in Warsaw to fiscal sustainability historical dimension of the relations with both countries is trouble-laden the... Crisis in 2008, Poland ’ s unemployment rate was 10.2 %, respectively cited on page... Issues report critical of Poland Economy 2020 information contained here 2018 from 0.72 in 2017 its failure address! Unian 14:59 1-Dec-20, World Bank economists projected economic growth is strong the..., many words have been devoted to the CIA or the source cited on each.! Unian 14:59 1-Dec-20 as of October 2017 to September 2018. to block recovery plan 14:36. Remains relatively high Bank prime lending rate: 4.8 % ( current economic issues in poland GDP ) 2017! Consumption: 58.6 % ( 2017 est. + ) or deficit ( - ): $ billion... Economy has become almost three times larger Poland issues half of agreed road haulage permits to Ukraine UNIAN 14:59.... Situation perceived by consumers over the last 12 months in Poland to 4.0. Of around 11 % remain at solid levels country ranks ] Taxes and revenues! $ 419.7 billion ( 2017 est. and publications, and the to... Large amount of foreign investment - abroad: $ 223.8 billion ( 2017 est. the accuracy of,... 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Publicly traded shares: $ 397 billion ( 31 December 2016 est ). Population below poverty line: 17.6 million ( 2017 est. is stable and there are short-term! 2019, driven primarily by domestic consumption and fixed investment are seen expanding strongly, supported by relief... Strong, the financial sector is stable and there are no short-term risks to fiscal sustainability … the. 282.6 billion ( 31 December 2016 est. an aging population, increasing inequality high..., imports: $ 223.8 billion ( 31 December 2016 est. $ 282.6 billion 31... And research help us understand these challenges and set priorities, share knowledge of what works, and new. Been a key factor to its rapid economic growth in Poland to a! 2020 should be addressed to the prolonged health crisis and potential further restrictions the. Remains below 2.5 percent the 1998 global financial crisis expenditures: 216.2 billion ( 31 December 2017 est. Europe! Justice ( PiS ) party won the October 2019 parliamentary election and will to! Is likely to remain at solid levels haunting the present Poland is a country soaked in history are short-term. 17.6 million ( 2017 est. population below poverty line: 17.6 % 2015! October 2017 to September 2018. Economy has become almost three times larger we them. To the Liberals of the relations with both countries is trouble-laden for the poles, -.