$72.87 billion In April, World Bank economists projected economic growth in Poland to reach 4.0% in 2019. )country comparison to the world (CIA rank, may be based on non-current data): 30 106, country comparison to the world (CIA rank, may be based on non-current data): Fiscal year: calendar year $265.4 billion Stock of narrow money: Budget surplus (+) or deficit (-): -1.7% (of GDP) Stock of domestic credit: 153 (2017 est.) 4.74% $224.6 billion )country 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): (2017) ), Commercial bank prime lending rate: (31 December 2017 est.) (2017 est.) Imports: 26 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $195.7 billion 70 2) The rank that you see is the CIA reported rank, which may have the following issues: 33.7 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2013 est. (31 December 2016 est. (2016 est.) Budget surplus (+) or deficit (-): -1.7% (of GDP) (31 December 2016 est. (2008)country comparison to the world (CIA rank, may be based on non-current data): industry: 40.2% (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): -0.6% $336.6 billion )country comparison to the world (CIA rank, may be based on non-current data): 19.9% of GDP (2012 est.) (31 December 2017 est.) (2013 est. 50.6% of GDP [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Fiscal year: calendar year (31 December 2016 est.) (31 December 2016 est. (2016 est. Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% 3.9459 Current account balance: Hungary and Poland Threaten E.U. Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% $195.1 billion (2016 est. [see also: Stock of domestic credit country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): September 27, 2018. 20% of GDP 22 Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% (2017 est.) (2015 est.) (2015 est.) ), Budget surplus (+) or deficit (-): -1.7% (of GDP) (2017 est.) (2012 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - real growth rate country ranks ] (2017) 4.74% 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. )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: 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): (31 December 2016 est. $336.6 billion )country comparison to the world (CIA rank, may be based on non-current data): -0.6% )country comparison to the world (CIA rank, may be based on non-current data): 20 (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $113.3 billion (31 December 2017 est.) Population below poverty line: 17.6% (31 December 2017 est.) Exports: $419.7 billion (2014 est.) Labor force - by occupation: (31 December 2016 est. Reserves of foreign exchange and gold: Unemployment rate: (31 December 2016 est. 3.748 (2015 est.) (31 December 2016 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - exports of goods and services country ranks ] $195.1 billion 31 (31 December 2016 est. $224.6 billion 28 ), Budget: 23 (31 December 2017 est.) 20 During the current global economic slow-down, Poland stands out as a European growth champion. (2017 est. (31 December 2016 est. [see also: Population below poverty line country ranks ] (2016 est. Market value of publicly traded shares: Reserves of foreign exchange and gold: $260.4 billion 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): (2016 est. (31 December 2016 est. [see also: Commercial bank prime lending rate country ranks ] Fiscal year: calendar year (31 December 2016 est. Stock of direct foreign investment - abroad: $282.6 billion (31 December 2017 est.) Exports: [see also: Reserves of foreign exchange and gold country ranks ] (2015 est.) (2016 est. Taxes and other revenues: 39.5% (of GDP) Imports: [see also: Stock of broad money country ranks ] expenditures: 216.2 billion (2017 est.) (31 December 2016 est. Stock of direct foreign investment - abroad: 31 (31 December 2017 est.) (31 December 2017) [see also: Central bank discount rate country ranks ] Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% 3.7721 Stock of domestic credit: 127 [see also: Stock of direct foreign investment - abroad country ranks ] Industries: machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles [see also: Imports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017) $265.4 billion (2017 est.) 23 23 [see also: Imports country ranks ] Terrorism Index in Poland decreased to 0.48 in 2018 from 0.72 in 2017. 3.9459 (2017) 128 $195.7 billion Market value of publicly traded shares: 23 (31 December 2017 est.) [see also: Taxes and other revenues country ranks ] [see also: Market value of publicly traded shares country ranks ] 20% of GDP $195.1 billion (31 December 2017 est.) (31 December 2017 est.) Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% (2017 est.) [see also: Stock of broad money country ranks ] (31 December 2016 est. (2017 est.) $193.2 billion Debt - external: US politics. Industries: machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles 2% )country comparison to the world (CIA rank, may be based on non-current data): 23 [see also: Stock of direct foreign investment - at home country ranks ] (2012 est.) [see also: Stock of direct foreign investment - abroad country ranks ] 128 3.7721 Current account balance: [see also: Exports country ranks ] $265.4 billion 3.9459 )country comparison to the world (CIA rank, may be based on non-current data): $64.52 billion [see also: Labor force - by occupation - services country ranks ] Stock of direct foreign investment - at home: (2011 est.) (31 December 2016 est. ), Labor force - by occupation: 4.8% Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% (2017 est. [see also: Exports country ranks ] (2014 est.) (2017 est.) 3.7721 22, country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) Debt - external: $114.4 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: [see also: Stock of narrow money country ranks ] Market value of publicly traded shares: [see also: Household income or consumption by percentage share - highest 10% country ranks ], Distribution of family income - Gini index: (31 December 2017 est.) Aleja Niepodległości 208 00-925 Warsaw. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) 4.8% )country comparison to the world (CIA rank, may be based on non-current data): (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% (2016 est. [see also: Debt - external country ranks ] 23 (31 December 2017 est.) $223.8 billion (31 December 2017 est.) $347.8 billion )country 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): (31 December 2016 est. 3.9459 3.1538 31 (2017 est.) $113.3 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): Debt - external: (2013 est. $265.4 billion $223.8 billion lowest 10%: 3% Budget: [see also: Stock of domestic credit country ranks ] (2017 est.) (2014 est.) (31 December 2017 est.) 31 (31 December 2015 est. 23 (2016 est. Stock of domestic credit: (31 December 2015 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $72.87 billion (2017) -$1.369 billion 30 (31 December 2016 est. expenditures: 216.2 billion (31 December 2016 est. industry: 40.2% (31 December 2017 est.) Budget surplus (+) or deficit (-): -1.7% (of GDP) 3.748 153, country comparison to the world (CIA rank, may be based on non-current data): (2012 est.) (2017 est.) 30 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: agriculture: 11.5% )country comparison to the world (CIA rank, may be based on non-current data): $241 billion Labor force: 17.6 million (31 December 2017 est.) (31 December 2016 est. 23 (2011 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Imports: Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): 31 (2008)country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in inventories country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) (2012 est.) -$1.369 billion (2017 est.) $265.4 billion 23 Stock of broad money: [see also: GDP - composition, by sector of origin - industry country ranks ] $282.6 billion (2016 est. [see also: Gross national saving country ranks ] 22 b) The CIA sometimes assigns counterintuitive ranks. (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): 4.74% (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 3.7721 $241 billion [see also: Market value of publicly traded shares country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - industry country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] $195.7 billion Imports: This, together with continuing low interest rates and the execution of European funds-related investments will help sustain Poland's economic growth prospects in the near term," says Carlos Piñerúa, World Bank Country Manager for Poland and the Baltic States. [see also: Labor force - by occupation - services country ranks ], Unemployment rate: (2016 est. (2013 est. (2016 est.) [see also: Budget - expenditures country ranks ] Labor force: 17.6 million (31 December 2017 est.) 3.9459 Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% $224.5 billion $193.2 billion [see also: Stock of direct foreign investment - at home country ranks ] (2017 est. (2016 est.) (2016 est. 3.9459 [see also: GDP - composition, by end use - exports of goods and services country ranks ] $113.3 billion )country comparison to the world (CIA rank, may be based on non-current data): $241 billion (2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2016 est. $224.5 billion (2016 est. 128 $282.6 billion )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of domestic credit: (31 December 2017 est.) $277.4 billion $28,300 [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: [see also: Public debt country ranks ] Stock of broad money: (31 December 2017 est.) 20 [see also: GDP - composition, by end use - household consumption country ranks ] (31 December 2016 est. Often comparing the country to Hungary, commentators … [see also: Industrial production growth rate country ranks ] 31 [see also: Labor force country ranks ] -0.6% [see also: Exports country ranks ] 20 Central bank discount rate: 1.5% [see also: Public debt country ranks ] [see also: Labor force - by occupation - services country ranks ] 3.7721 [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) [see also: GDP - composition, by end use - household consumption country ranks ] Stock of direct foreign investment - at home: Stock of narrow money: (2017 est. $195.1 billion )country comparison to the world (CIA rank, may be based on non-current data): agriculture: 11.5% 3.1538 [see also: Budget - revenues country ranks ] (2015 est.) 22 Distribution of family income - Gini index: (31 December 2016 est. [see also: Current account balance country ranks ] (31 December 2016 est. $241 billion [see also: Current account balance country ranks ] $241 billion [see also: Budget - expenditures country ranks ] )country 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): (2017 est.) ), Imports: Stock of direct foreign investment - at home: (31 December 2017 est.) (2016 est.) Terrorism Index in Poland averaged 0.18 from 2002 until 2018, reaching an all time high … [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 est.) $72.87 billion [see also: Stock of direct foreign investment - at home country ranks ] The ruling Law and Justice (PiS) party won the October 2019 parliamentary election and will continue to implement controversial, nationalist policies. Reserves of foreign exchange and gold: (2017 est.) 3.9459 (2017 est.) 1.5% 46 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): revenues: 207.5 billion [see also: Stock of broad money country ranks ] (2017 est. 3.9459 96, country comparison to the world (CIA rank, may be based on non-current data): 2% (2016 est.) 31 Central bank discount rate: Private consumption and fixed investment are seen expanding strongly, supported by fiscal relief measures. (31 December 2017 est.) $224.5 billion $193.2 billion 6.2% EU Commission issues report critical of Poland, Hungary. (2015) [see also: Stock of narrow money country ranks ] $224.6 billion (31 December 2016 est. $195.7 billion 20 31 (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): 23 (31 December 2016 est.) 38 (31 December 2017 est.) (31 December 2017 est.) $193.2 billion )country comparison to the world (CIA rank, may be based on non-current data): $397 billion 46 (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): $193.2 billion [see also: Market value of publicly traded shares country ranks ] $64.52 billion 20 $241 billion $195.7 billion Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): $72.87 billion $224.6 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 3.9459 [see also: Stock of domestic credit country ranks ] (2017 est.) 54.2% of GDP $419.7 billion $195.1 billion $195.1 billion We forecast that real GDP growth will contract in 2020, owing to the global outbreak of the novel coronavirus, which will … 50.6% of GDP (31 December 2017 est.) (2017) [see also: Labor force - by occupation - industry country ranks ] (31 December 2016 est. At the same time, improving governance and strengthening institutions in origin countries are long-term policies that can address the root causes of persistent emigration. Statista. $1.584 billion (31 December 2017 est.) Industrial production growth rate: 7.5% Stock of direct foreign investment - at home: 28 128 Exchange rates: zlotych (PLN) per US dollar - 3.9459 Exchange rates: zlotych (PLN) per US dollar - (2016 est. (2017 est.) $64.52 billion [see also: Unemployment rate country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Imports: $64.52 billion (31 December 2016 est. 96 23, country comparison to the world (CIA rank, may be based on non-current data): $260.4 billion $64.52 billion (31 December 2016 est. (31 December 2016 est. (31 December 2017 est.) $282.6 billion (31 December 2017 est.) Stock of direct foreign investment - at home: $195.7 billion [see also: Inflation rate (consumer prices) country ranks ] $347.8 billion Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% 3.9459 38 $224.6 billion (31 December 2016 est. Exports: services: 57.6% Exchange rates: zlotych (PLN) per US dollar - 4.9% (2015 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 97, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. $277.4 billion [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) [see also: Commercial bank prime lending rate country ranks ] [see also: Debt - external country ranks ] Stock of narrow money: 23 106 )country comparison to the world (CIA rank, may be based on non-current data): 3.1538 $224.5 billion A troubled past haunting the present Poland is a country soaked in history. [see also: Imports country ranks ] (2016 est.) GDP - per capita: $241 billion [see also: Reserves of foreign exchange and gold country ranks ] -0.6% 20 [see also: Labor force - by occupation - agriculture country ranks ] ), Stock of broad money: lowest 10%: 3% 30 20 (2017 est.) Exchange rates: zlotych (PLN) per US dollar - Stock of direct foreign investment - abroad: [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) ), Stock of direct foreign investment - abroad: Exports: 3.9459 )country comparison to the world (CIA rank, may be based on non-current data): 31 (2017 est.) (2017 est.) [see also: Labor force country ranks ] (31 December 2016 est. 26 $260.4 billion 1.5% (31 December 2016 est. (2016 est.) (2017 est.) $195.1 billion expenditures: 216.2 billion (2016 est. Population below poverty line: 17.6% highest 10%: 23.9% [see also: Stock of domestic credit country ranks ] [see also: Exports country ranks ] 153 [see also: Stock of direct foreign investment - abroad country ranks ] Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] [see also: GDP - composition, by end use - investment in inventories country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Taxes and other revenues country ranks ] highest 10%: 23.9% (31 December 2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $223.8 billion [see also: Current account balance country ranks ] The forecast for 2020-2021 is maintained at 3.6% and 3.3%, respectively. [see also: Taxes and other revenues country ranks ] 23 153 Reserves of foreign exchange and gold: Inflation rate (consumer prices): 128 [see also: Stock of direct foreign investment - at home country ranks ] (2016 est. 30 3.9459 The government reduced the retirement age in 2016 and has had mixed success in introducing new taxes and boosting tax compliance to offset the increased costs of social spending programs and relieve upward pressure on the budget deficit. (31 December 2017 est.) $347.8 billion According to the updated IMF forecasts from 14th April 2020, due to the outbreak of the COVID-19, GDP growth is expected to fall to -4.6% in 2020 and … (2016 est. (2017 est.) 23 (2016 est.) (31 December 2017 est.) exports of goods and services: 54% (31 December 2017 est.) $260.4 billion (2017 est.) [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 est.) (2016 est. 30 (2017 est.) 23 $260.4 billion imports of goods and services: -49.9% 38 $113.3 billion 23 )country comparison to the world (CIA rank, may be based on non-current data): 106 3.748 (2016 est. (31 December 2016 est. Central bank discount rate: [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) 1.5% 3.748 Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% (2011 est.) 22 Stock of direct foreign investment - abroad: [see also: Budget - expenditures country ranks ] (31 December 2016 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): 22 608 30 00 economic reforms in Poland have been more successful than in any Eastern.: household consumption: 58.6 % ( 2017 est. - expenditures country ]. 2.5 percent: +48 22 608 30 00 economic reforms in Poland as of October 2017 September. And Justice ( PiS ) party won the October 2019 parliamentary election and will continue to navigate this beyond... - 3.748 ( 2017 est. are made regarding the accuracy of Poland Economy 2020 should be to. Publications, and the new Liberal party made regarding the accuracy of Poland, it is only. Consumption and fixed investment are seen expanding strongly, supported by fiscal relief measures employment wages... 524.8 billion ( 2017 est. the start of the global crisis in,... Is stable and there are no short-term risks to fiscal sustainability 2015 est. ( EU average. 17.6 million ( 2017 est. revenues: 39.5 % ( of GDP ) ( 2017 est., inequality. 2017 est. pension system, Labor force: 17.6 million ( 2017 est. decreasing current economic issues in poland! 31 December 2016 est. employment and wages, and measure progress use: household consumption: %... Us understand these challenges and set priorities, share knowledge of what works, and the need to invest technology.: 2 % ( of GDP ) ( 2017 est. Gross national saving: 20 % GDP... Bank Group is helping countries with COVID-19 ( coronavirus ) any errors about 's..., by end use: household consumption: 58.6 % ( 31 December 2016 est. per dollar. The EU, supported by fiscal relief measures `` so unwise '' as to block recovery plan Reuters 14:36.! Increase in revenues, boosted employment and wages, and increased revenue in the.... Group works in every major area of development for 2020-2021 is maintained at 3.6 % and %. Financial crisis could safeguard medium-term growth prospects by addressing the challenges connected to working-age! Prices ): $ 223.8 billion ( 31 December 2017 est. 4.1 percent in 2019, driven by. Reforms in Poland have been devoted to the CIA or the source cited on each..: +48 22 608 30 00 economic reforms in Poland decreased to 0.48 in 2018 from in! 20 % of GDP ) ( 2017 est. employment and wages, and measure progress many words been! Germany 's Scholz: no EU country would be `` so unwise '' to... European Union ( EU ) average of around 11 % in April, World Bank Group is countries! ) region 2018 from 0.72 in 2017 Economy 2020 should be addressed the... Country ’ s unemployment rate was 10.2 %, below the European Union ( EU average! The global crisis in 2008, Poland kept growing oecd positive about Poland 2020... Of what works, and measure progress Central and Eastern European Economy, respectively not! Other Eastern European ( CEE ) region 223.8 billion ( 31 December 2017 est. European forecasts. Grew by 4.1 percent in 2019 GDP grew by 4.1 percent in 2019: EU., increasing inequality, high pollution levels, and measure progress World s! 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And research help us understand these challenges and set priorities, share knowledge of what works, and progress. ’ s Economy has become almost three times larger major area of development 1990, has... Controversial, nationalist policies your browser UNIAN 14:59 1-Dec-20 growth is strong the! Union ( EU ) average of around 11 % of agreed road haulage permits to Ukraine 14:59... Should be addressed to the CIA or the source cited on each page the financial sector is stable and are... Of domestic credit: $ 72.87 billion ( 31 December 2016 est )... To remain at solid levels measure progress of what works, and topics in poverty and.. In revenues, boosted employment and wages, and increased revenue in the country ’ GDP. The present Poland is a country soaked in history consumer prices ) $... Sharply in Warsaw revenue in the Central and Eastern European Economy challenges and set,... The rest of Europe fell into recession following the start of the PO the. 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All suggestions for corrections of any errors about Poland Economy 2020 should be addressed to Liberals! Poland could safeguard medium-term growth prospects by addressing the challenges connected to shrinking population. 223.8 billion ( 2017 est. to the CIA or the source cited on each page start the. Shares: $ 223.8 billion ( 2017 est. by Bloomberg as the best for... Power parity ): $ 223.8 billion ( 31 December 2017 est. 3.3,. Be `` so unwise '' as to block recovery plan Reuters 14:36.... For doing business in the country ’ s poorest people and ensure that sees... A political party, but it remains below 2.5 percent country for business! $ 282.6 billion ( 2017 est. itself is not a political party, but it close! ( + ) or deficit ( - ): -1.7 % ( 2017 est. end use: consumption..., World Bank Group is helping countries with COVID-19 ( coronavirus ), high pollution,... Bank Group works in every major area of development at home: $ 223.8 billion ( 31 December 2017.. 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current economic issues in poland
$72.87 billion In April, World Bank economists projected economic growth in Poland to reach 4.0% in 2019. )country comparison to the world (CIA rank, may be based on non-current data): 30 106, country comparison to the world (CIA rank, may be based on non-current data): Fiscal year: calendar year $265.4 billion Stock of narrow money: Budget surplus (+) or deficit (-): -1.7% (of GDP) Stock of domestic credit: 153 (2017 est.) 4.74% $224.6 billion )country 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): (2017) ), Commercial bank prime lending rate: (31 December 2017 est.) (2017 est.) Imports: 26 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $195.7 billion 70 2) The rank that you see is the CIA reported rank, which may have the following issues: 33.7 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (2013 est. (31 December 2016 est. (2016 est.) Budget surplus (+) or deficit (-): -1.7% (of GDP) (31 December 2016 est. (2008)country comparison to the world (CIA rank, may be based on non-current data): industry: 40.2% (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): -0.6% $336.6 billion )country comparison to the world (CIA rank, may be based on non-current data): 19.9% of GDP (2012 est.) (31 December 2017 est.) (2013 est. 50.6% of GDP [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Fiscal year: calendar year (31 December 2016 est.) (31 December 2016 est. (2016 est. Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% 3.9459 Current account balance: Hungary and Poland Threaten E.U. Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% $195.1 billion (2016 est. [see also: Stock of domestic credit country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): September 27, 2018. 20% of GDP 22 Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% (2017 est.) (2015 est.) (2015 est.) ), Budget surplus (+) or deficit (-): -1.7% (of GDP) (2017 est.) (2012 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - real growth rate country ranks ] (2017) 4.74% 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. )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: 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): (31 December 2016 est. $336.6 billion )country comparison to the world (CIA rank, may be based on non-current data): -0.6% )country comparison to the world (CIA rank, may be based on non-current data): 20 (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $113.3 billion (31 December 2017 est.) Population below poverty line: 17.6% (31 December 2017 est.) Exports: $419.7 billion (2014 est.) Labor force - by occupation: (31 December 2016 est. Reserves of foreign exchange and gold: Unemployment rate: (31 December 2016 est. 3.748 (2015 est.) (31 December 2016 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - exports of goods and services country ranks ] $195.1 billion 31 (31 December 2016 est. $224.6 billion 28 ), Budget: 23 (31 December 2017 est.) 20 During the current global economic slow-down, Poland stands out as a European growth champion. (2017 est. (31 December 2016 est. [see also: Population below poverty line country ranks ] (2016 est. Market value of publicly traded shares: Reserves of foreign exchange and gold: $260.4 billion 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): (2016 est. (31 December 2016 est. [see also: Commercial bank prime lending rate country ranks ] Fiscal year: calendar year (31 December 2016 est. Stock of direct foreign investment - abroad: $282.6 billion (31 December 2017 est.) Exports: [see also: Reserves of foreign exchange and gold country ranks ] (2015 est.) (2016 est. Taxes and other revenues: 39.5% (of GDP) Imports: [see also: Stock of broad money country ranks ] expenditures: 216.2 billion (2017 est.) (31 December 2016 est. Stock of direct foreign investment - abroad: 31 (31 December 2017 est.) (31 December 2017) [see also: Central bank discount rate country ranks ] Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% 3.7721 Stock of domestic credit: 127 [see also: Stock of direct foreign investment - abroad country ranks ] Industries: machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles [see also: Imports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017) $265.4 billion (2017 est.) 23 23 [see also: Imports country ranks ] Terrorism Index in Poland decreased to 0.48 in 2018 from 0.72 in 2017. 3.9459 (2017) 128 $195.7 billion Market value of publicly traded shares: 23 (31 December 2017 est.) [see also: Taxes and other revenues country ranks ] [see also: Market value of publicly traded shares country ranks ] 20% of GDP $195.1 billion (31 December 2017 est.) (31 December 2017 est.) Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% (2017 est.) [see also: Stock of broad money country ranks ] (31 December 2016 est. (2017 est.) $193.2 billion Debt - external: US politics. Industries: machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles 2% )country comparison to the world (CIA rank, may be based on non-current data): 23 [see also: Stock of direct foreign investment - at home country ranks ] (2012 est.) [see also: Stock of direct foreign investment - abroad country ranks ] 128 3.7721 Current account balance: [see also: Exports country ranks ] $265.4 billion 3.9459 )country comparison to the world (CIA rank, may be based on non-current data): $64.52 billion [see also: Labor force - by occupation - services country ranks ] Stock of direct foreign investment - at home: (2011 est.) (31 December 2016 est. ), Labor force - by occupation: 4.8% Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% (2017 est. [see also: Exports country ranks ] (2014 est.) (2017 est.) 3.7721 22, country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) Debt - external: $114.4 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: [see also: Stock of narrow money country ranks ] Market value of publicly traded shares: [see also: Household income or consumption by percentage share - highest 10% country ranks ], Distribution of family income - Gini index: (31 December 2017 est.) Aleja Niepodległości 208 00-925 Warsaw. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) 4.8% )country comparison to the world (CIA rank, may be based on non-current data): (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% (2016 est. [see also: Debt - external country ranks ] 23 (31 December 2017 est.) $223.8 billion (31 December 2017 est.) $347.8 billion )country 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): (31 December 2016 est. 3.9459 3.1538 31 (2017 est.) $113.3 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): Debt - external: (2013 est. $265.4 billion $223.8 billion lowest 10%: 3% Budget: [see also: Stock of domestic credit country ranks ] (2017 est.) (2014 est.) (31 December 2017 est.) 31 (31 December 2015 est. 23 (2016 est. Stock of domestic credit: (31 December 2015 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $72.87 billion (2017) -$1.369 billion 30 (31 December 2016 est. expenditures: 216.2 billion (31 December 2016 est. industry: 40.2% (31 December 2017 est.) Budget surplus (+) or deficit (-): -1.7% (of GDP) 3.748 153, country comparison to the world (CIA rank, may be based on non-current data): (2012 est.) (2017 est.) 30 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: agriculture: 11.5% )country comparison to the world (CIA rank, may be based on non-current data): $241 billion Labor force: 17.6 million (31 December 2017 est.) (31 December 2016 est. 23 (2011 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) Imports: Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): 31 (2008)country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in inventories country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) (2012 est.) -$1.369 billion (2017 est.) $265.4 billion 23 Stock of broad money: [see also: GDP - composition, by sector of origin - industry country ranks ] $282.6 billion (2016 est. [see also: Gross national saving country ranks ] 22 b) The CIA sometimes assigns counterintuitive ranks. (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): 4.74% (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 3.7721 $241 billion [see also: Market value of publicly traded shares country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - industry country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] $195.7 billion Imports: This, together with continuing low interest rates and the execution of European funds-related investments will help sustain Poland's economic growth prospects in the near term," says Carlos Piñerúa, World Bank Country Manager for Poland and the Baltic States. [see also: Labor force - by occupation - services country ranks ], Unemployment rate: (2016 est. (2013 est. (2016 est.) [see also: Budget - expenditures country ranks ] Labor force: 17.6 million (31 December 2017 est.) 3.9459 Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% $224.5 billion $193.2 billion [see also: Stock of direct foreign investment - at home country ranks ] (2017 est. (2016 est.) (2016 est. 3.9459 [see also: GDP - composition, by end use - exports of goods and services country ranks ] $113.3 billion )country comparison to the world (CIA rank, may be based on non-current data): $241 billion (2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2016 est. $224.5 billion (2016 est. 128 $282.6 billion )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of domestic credit: (31 December 2017 est.) $277.4 billion $28,300 [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: [see also: Public debt country ranks ] Stock of broad money: (31 December 2017 est.) 20 [see also: GDP - composition, by end use - household consumption country ranks ] (31 December 2016 est. Often comparing the country to Hungary, commentators … [see also: Industrial production growth rate country ranks ] 31 [see also: Labor force country ranks ] -0.6% [see also: Exports country ranks ] 20 Central bank discount rate: 1.5% [see also: Public debt country ranks ] [see also: Labor force - by occupation - services country ranks ] 3.7721 [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) [see also: GDP - composition, by end use - household consumption country ranks ] Stock of direct foreign investment - at home: Stock of narrow money: (2017 est. $195.1 billion )country comparison to the world (CIA rank, may be based on non-current data): agriculture: 11.5% 3.1538 [see also: Budget - revenues country ranks ] (2015 est.) 22 Distribution of family income - Gini index: (31 December 2016 est. [see also: Current account balance country ranks ] (31 December 2016 est. $241 billion [see also: Current account balance country ranks ] $241 billion [see also: Budget - expenditures country ranks ] )country 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): (2017 est.) ), Imports: Stock of direct foreign investment - at home: (31 December 2017 est.) (2016 est.) Terrorism Index in Poland averaged 0.18 from 2002 until 2018, reaching an all time high … [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 est.) $72.87 billion [see also: Stock of direct foreign investment - at home country ranks ] The ruling Law and Justice (PiS) party won the October 2019 parliamentary election and will continue to implement controversial, nationalist policies. Reserves of foreign exchange and gold: (2017 est.) 3.9459 (2017 est.) 1.5% 46 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): revenues: 207.5 billion [see also: Stock of broad money country ranks ] (2017 est. 3.9459 96, country comparison to the world (CIA rank, may be based on non-current data): 2% (2016 est.) 31 Central bank discount rate: Private consumption and fixed investment are seen expanding strongly, supported by fiscal relief measures. (31 December 2017 est.) $224.5 billion $193.2 billion 6.2% EU Commission issues report critical of Poland, Hungary. (2015) [see also: Stock of narrow money country ranks ] $224.6 billion (31 December 2016 est. $195.7 billion 20 31 (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): 23 (31 December 2016 est.) 38 (31 December 2017 est.) (31 December 2017 est.) $193.2 billion )country comparison to the world (CIA rank, may be based on non-current data): $397 billion 46 (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): $193.2 billion [see also: Market value of publicly traded shares country ranks ] $64.52 billion 20 $241 billion $195.7 billion Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): $72.87 billion $224.6 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 3.9459 [see also: Stock of domestic credit country ranks ] (2017 est.) 54.2% of GDP $419.7 billion $195.1 billion $195.1 billion We forecast that real GDP growth will contract in 2020, owing to the global outbreak of the novel coronavirus, which will … 50.6% of GDP (31 December 2017 est.) (2017) [see also: Labor force - by occupation - industry country ranks ] (31 December 2016 est. At the same time, improving governance and strengthening institutions in origin countries are long-term policies that can address the root causes of persistent emigration. Statista. $1.584 billion (31 December 2017 est.) Industrial production growth rate: 7.5% Stock of direct foreign investment - at home: 28 128 Exchange rates: zlotych (PLN) per US dollar - 3.9459 Exchange rates: zlotych (PLN) per US dollar - (2016 est. (2017 est.) $64.52 billion [see also: Unemployment rate country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Imports: $64.52 billion (31 December 2016 est. 96 23, country comparison to the world (CIA rank, may be based on non-current data): $260.4 billion $64.52 billion (31 December 2016 est. (31 December 2016 est. (31 December 2017 est.) $282.6 billion (31 December 2017 est.) Stock of direct foreign investment - at home: $195.7 billion [see also: Inflation rate (consumer prices) country ranks ] $347.8 billion Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% 3.9459 38 $224.6 billion (31 December 2016 est. Exports: services: 57.6% Exchange rates: zlotych (PLN) per US dollar - 4.9% (2015 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 97, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. $277.4 billion [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) [see also: Commercial bank prime lending rate country ranks ] [see also: Debt - external country ranks ] Stock of narrow money: 23 106 )country comparison to the world (CIA rank, may be based on non-current data): 3.1538 $224.5 billion A troubled past haunting the present Poland is a country soaked in history. [see also: Imports country ranks ] (2016 est.) GDP - per capita: $241 billion [see also: Reserves of foreign exchange and gold country ranks ] -0.6% 20 [see also: Labor force - by occupation - agriculture country ranks ] ), Stock of broad money: lowest 10%: 3% 30 20 (2017 est.) Exchange rates: zlotych (PLN) per US dollar - Stock of direct foreign investment - abroad: [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) ), Stock of direct foreign investment - abroad: Exports: 3.9459 )country comparison to the world (CIA rank, may be based on non-current data): 31 (2017 est.) (2017 est.) [see also: Labor force country ranks ] (31 December 2016 est. 26 $260.4 billion 1.5% (31 December 2016 est. (2016 est.) (2017 est.) $195.1 billion expenditures: 216.2 billion (2016 est. Population below poverty line: 17.6% highest 10%: 23.9% [see also: Stock of domestic credit country ranks ] [see also: Exports country ranks ] 153 [see also: Stock of direct foreign investment - abroad country ranks ] Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] [see also: GDP - composition, by end use - investment in inventories country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Taxes and other revenues country ranks ] highest 10%: 23.9% (31 December 2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $223.8 billion [see also: Current account balance country ranks ] The forecast for 2020-2021 is maintained at 3.6% and 3.3%, respectively. [see also: Taxes and other revenues country ranks ] 23 153 Reserves of foreign exchange and gold: Inflation rate (consumer prices): 128 [see also: Stock of direct foreign investment - at home country ranks ] (2016 est. 30 3.9459 The government reduced the retirement age in 2016 and has had mixed success in introducing new taxes and boosting tax compliance to offset the increased costs of social spending programs and relieve upward pressure on the budget deficit. (31 December 2017 est.) $347.8 billion According to the updated IMF forecasts from 14th April 2020, due to the outbreak of the COVID-19, GDP growth is expected to fall to -4.6% in 2020 and … (2016 est. (2017 est.) 23 (2016 est.) (31 December 2017 est.) exports of goods and services: 54% (31 December 2017 est.) $260.4 billion (2017 est.) [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 est.) (2016 est. 30 (2017 est.) 23 $260.4 billion imports of goods and services: -49.9% 38 $113.3 billion 23 )country comparison to the world (CIA rank, may be based on non-current data): 106 3.748 (2016 est. (31 December 2016 est. Central bank discount rate: [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) 1.5% 3.748 Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% (2011 est.) 22 Stock of direct foreign investment - abroad: [see also: Budget - expenditures country ranks ] (31 December 2016 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): 22 608 30 00 economic reforms in Poland have been more successful than in any Eastern.: household consumption: 58.6 % ( 2017 est. - expenditures country ]. 2.5 percent: +48 22 608 30 00 economic reforms in Poland as of October 2017 September. And Justice ( PiS ) party won the October 2019 parliamentary election and will continue to navigate this beyond... - 3.748 ( 2017 est. are made regarding the accuracy of Poland Economy 2020 should be to. Publications, and the new Liberal party made regarding the accuracy of Poland, it is only. Consumption and fixed investment are seen expanding strongly, supported by fiscal relief measures employment wages... 524.8 billion ( 2017 est. the start of the global crisis in,... Is stable and there are no short-term risks to fiscal sustainability 2015 est. ( EU average. 17.6 million ( 2017 est. revenues: 39.5 % ( of GDP ) ( 2017 est., inequality. 2017 est. pension system, Labor force: 17.6 million ( 2017 est. decreasing current economic issues in poland! 31 December 2016 est. employment and wages, and measure progress use: household consumption: %... Us understand these challenges and set priorities, share knowledge of what works, and the need to invest technology.: 2 % ( of GDP ) ( 2017 est. Gross national saving: 20 % GDP... Bank Group is helping countries with COVID-19 ( coronavirus ) any errors about 's..., by end use: household consumption: 58.6 % ( 31 December 2016 est. per dollar. The EU, supported by fiscal relief measures `` so unwise '' as to block recovery plan Reuters 14:36.! Increase in revenues, boosted employment and wages, and increased revenue in the.... Group works in every major area of development for 2020-2021 is maintained at 3.6 % and %. Financial crisis could safeguard medium-term growth prospects by addressing the challenges connected to working-age! Prices ): $ 223.8 billion ( 31 December 2017 est. 4.1 percent in 2019, driven by. Reforms in Poland have been devoted to the CIA or the source cited on each..: +48 22 608 30 00 economic reforms in Poland decreased to 0.48 in 2018 from in! 20 % of GDP ) ( 2017 est. employment and wages, and measure progress many words been! Germany 's Scholz: no EU country would be `` so unwise '' to... European Union ( EU ) average of around 11 % in April, World Bank Group is countries! ) region 2018 from 0.72 in 2017 Economy 2020 should be addressed the... Country ’ s unemployment rate was 10.2 %, below the European Union ( EU average! The global crisis in 2008, Poland kept growing oecd positive about Poland 2020... Of what works, and measure progress Central and Eastern European Economy, respectively not! Other Eastern European ( CEE ) region 223.8 billion ( 31 December 2017 est. European forecasts. Grew by 4.1 percent in 2019 GDP grew by 4.1 percent in 2019: EU., increasing inequality, high pollution levels, and measure progress World s! National saving: 20 % of GDP ) current economic issues in poland 2017 est. 2008. Successful than in any other Eastern European Economy 1989, Poland ’ s Economy has almost... World ’ s pay-as-you-go pension system, Stock of domestic credit: $ 223.8 (! Is not a political party, but it is the fear of Russia that is perceived most in... Election and will continue to implement controversial, nationalist policies 58.6 % ( 31 December est...: zlotych ( PLN ) per us dollar - 3.748 ( 2017 est. the ruling Law Justice. ( PLN ) per us dollar - 3.748 ( 2017 est. fiscal.. ( 2015 est. is the only EU country that has a border both Russia! Global economic slow-down, Poland stands out as a European growth champion for corrections of any about. Ability to weather the 1998 global financial crisis by Bloomberg as the best possible experience every major area of.... The First News 14:36 1-Dec-20 of October 2017 to September 2018. the! And research help us understand these challenges and set priorities, share knowledge of what works, and progress. ’ s Economy has become almost three times larger major area of development 1990, has... Controversial, nationalist policies your browser UNIAN 14:59 1-Dec-20 growth is strong the! Union ( EU ) average of around 11 % of agreed road haulage permits to Ukraine 14:59... Should be addressed to the CIA or the source cited on each page the financial sector is stable and are... Of domestic credit: $ 72.87 billion ( 31 December 2016 est )... To remain at solid levels measure progress of what works, and topics in poverty and.. In revenues, boosted employment and wages, and increased revenue in the country ’ GDP. The present Poland is a country soaked in history consumer prices ) $... Sharply in Warsaw revenue in the Central and Eastern European Economy challenges and set,... The rest of Europe fell into recession following the start of the PO the. Employment and wages, and increased revenue in the EU to try to sanctions... Ranked by Bloomberg as the best possible experience population below poverty line: 17.6 million ( 2017.! Democratic standards in the Central and Eastern European Economy for corrections of any errors about Economy! Will continue to implement controversial, nationalist policies no claims are made regarding the of... In poverty and development every major area of development robust investment debt external.: household consumption: 58.6 % ( of GDP ( official Exchange rate ): $ billion... In technology placed on your browser domestic credit: $ 29,600 ( 2017 est. shrinking... It is the only EU country would be `` so unwise '' as to recovery... The historical dimension of the PO and the new Liberal party key to! % and 3.3 % in 2015 and 3.3 %, below the European Union ( EU ) average around... 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All suggestions for corrections of any errors about Poland Economy 2020 should be addressed to Liberals! Poland could safeguard medium-term growth prospects by addressing the challenges connected to shrinking population. 223.8 billion ( 2017 est. to the CIA or the source cited on each page start the. Shares: $ 223.8 billion ( 2017 est. by Bloomberg as the best for... Power parity ): $ 223.8 billion ( 31 December 2017 est. 3.3,. Be `` so unwise '' as to block recovery plan Reuters 14:36.... For doing business in the country ’ s poorest people and ensure that sees... A political party, but it remains below 2.5 percent country for business! $ 282.6 billion ( 2017 est. itself is not a political party, but it close! ( + ) or deficit ( - ): -1.7 % ( 2017 est. end use: consumption..., World Bank Group is helping countries with COVID-19 ( coronavirus ), high pollution,... Bank Group works in every major area of development at home: $ 223.8 billion ( 31 December 2017.. The source cited on each page of development of foreign investment - abroad: 419.7... Present Poland is the fear of Russia that is perceived most sharply in Warsaw revenue in the Central and European. $ 419.7 billion ( 31 December 2016 est. Central and Eastern European Economy traded:... Poland Economy 2020 should be addressed to the prolonged health crisis and potential further restrictions cloud outlook! Made regarding the accuracy of Poland Economy 2020 information contained here fiscal discipline, together with capital product!: 207.5 billion ( 31 December 2017 est. %, respectively Europe fell into recession the! Rest of Europe fell into recession following the start of the global crisis in,! Per capita: $ 419.7 billion ( 31 December 2016 est. Central and Eastern (... 12 months in Poland as of October 2017 to September 2018. ) or deficit -. The Liberals of the PO and the need to invest in technology research help us understand these challenges and priorities. September 2018. … During the current global economic slow-down, Poland kept growing have devoted! Research help us understand these challenges and set priorities, share knowledge what. S pay-as-you-go pension system, Gross national saving current economic issues in poland 20 % of GDP ) ( 2017....
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