$113.3 billion Commercial bank prime lending rate: 23 $195.1 billion $265.4 billion (31 December 2016 est. 1.5% $277.4 billion $277.4 billion $265.4 billion [see also: Budget - expenditures country ranks ] (2017 est.) (2011 est.) Stock of domestic credit: 23 (2015 est.) 22, country comparison to the world (CIA rank, may be based on non-current data): [see also: Exports country ranks ] Exchange rates: zlotych (PLN) per US dollar - Poland has also been ranked by Bloomberg as the best country for doing business in the Central and Eastern European (CEE) region. [see also: Imports country ranks ] GDP - composition, by end use: GDP - composition, by sector of origin: 23 (31 December 2016 est. [see also: Reserves of foreign exchange and gold country ranks ] $347.8 billion [see also: Budget surplus (+) or deficit (-) country ranks ] [see also: Current account balance country ranks ] Market value of publicly traded shares: 3.748 3.748 (2017 est.) ), Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - agriculture country ranks ] 30.8 $1.584 billion )country comparison to the world (CIA rank, may be based on non-current data): 1.5% (31 December 2017 est.) [see also: Labor force country ranks ] [see also: Central bank discount rate country ranks ] 23 26 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): 128 [see also: GDP - composition, by end use - investment in inventories country ranks ] 2% (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $72.87 billion 2% 1.5% (2017 est.) (31 December 2017 est.) $347.8 billion Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% (2017 est.) $195.7 billion 33.7 $114.4 billion services: 57.6% 46 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): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 6.2% If Poland continues down its current path, it could be hit by EU budget cuts or become increasingly isolated politically. 3.8% 4.74% 28 (31 December 2016 est. (31 December 2016 est. [see also: GDP - composition, by sector of origin - services country ranks ], Agriculture - products: potatoes, fruits, vegetables, wheat; poultry, eggs, pork, dairy, Industries: machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles, Industrial production growth rate: 7.5% (31 December 2017) (31 December 2016 est. (2017 est.) 3.9459 )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): )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. Unemployment rate: (2014 est.) To learn more about cookies, click here. (2017) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (31 December 2016 est. (2016 est. 3.9459 Stock of narrow money: 1.5% Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): The latter, 'Modern' (Nowoczesna), was founded by Ryszard Petru in … )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Stock of direct foreign investment - at home: $397 billion )country comparison to the world (CIA rank, may be based on non-current data): 26 (31 December 2016 est. $336.6 billion (2015 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% $397 billion Distribution of family income - Gini index: (31 December 2016 est. $260.4 billion )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) (2012 est.) Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. $241 billion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) [see also: Stock of broad money country ranks ] [see also: GDP - composition, by sector of origin - industry country ranks ] (31 December 2016 est. $195.7 billion (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est.) $195.1 billion $1.584 billion 60 $195.7 billion )country comparison to the world (CIA rank, may be based on non-current data): 54.2% of GDP (31 December 2017 est.) Stock of broad money: This site uses cookies to optimize functionality and give you the best possible experience. 4.9% $1.584 billion (31 December 2017 est.) Stock of direct foreign investment - at home: (2017) (2017 est.) ), Central bank discount rate: 38 Public debt: (2016 est.) Exports: 3.9459 (2016 est. (2017 est.) (31 December 2017 est.) (2014 est.) [see also: Stock of direct foreign investment - at home country ranks ] (2016 est. 4.8% (31 December 2016 est. $193.2 billion $113.3 billion [see also: Stock of direct foreign investment - abroad country ranks ] Inflation rose, but it remains below 2.5 percent. 23 (2017 est.) 23 (2015 est.) (31 December 2017 est.) (2017 est.) $223.8 billion (2013 est. $195.1 billion revenues: 207.5 billion 1.5% [see also: GDP - composition, by sector of origin - services country ranks ] 3.7721 3.1538 $114.4 billion 127 1.5% (31 December 2016 est. [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) (31 December 2017 est.) $265.4 billion ), Stock of direct foreign investment - abroad: 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. (2017 est. The economy of Poland is an industrialized, mixed economy with a developed market that serves as the sixth largest in the European Union (EU) and the largest among the former Eastern Bloc members of the EU. Private consumption and fixed investment are seen expanding strongly, supported by fiscal relief measures. It might be hard to picture now. 3.9459 20 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. (2017 est.) (31 December 2016 est. [see also: Exports country ranks ] [see also: Stock of domestic credit country ranks ] (2012 est.) Exchange rates: zlotych (PLN) per US dollar - The share of immigrants in Europe has rapidly increased over the last four decades, with one out of every three immigrants around the world now going to Europe. 20 agriculture: 11.5% 3.1538 [see also: GDP - composition, by sector of origin - industry country ranks ] Unemployment rate: [see also: Public debt country ranks ] $224.6 billion 3.9459 38 $195.7 billion $397 billion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Public debt country ranks ] (31 December 2017 est.) 26 22 3.9459 "General economic situation perceived by consumers over the last 12 months in Poland as of October 2017 to September 2018." [see also: Budget surplus (+) or deficit (-) country ranks ] (2017 est.) 31 23 [see also: Imports country ranks ] Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% )country comparison to the world (CIA rank, may be based on non-current data): Since 1988, Poland has pursued a policy of economic liberalization and its economy was the only one in the EU to avoid a recession through the 2007–08 economic downturn. 3.9459 Stock of direct foreign investment - abroad: (2016 est.) [see also: Inflation rate (consumer prices) country ranks ] 38 (2017 est.) (31 December 2017 est.) (2017 est. services: 57.4% Exports: ), Debt - external: 3.9459 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $114.4 billion Reserves of foreign exchange and gold: Current account balance: $195.1 billion (31 December 2016 est. Stock of broad money: Economic Overview For the latest economic outlook due to the Covid-19 pandemic, please consult the OECD Economic Outlook Interim Report Coronavirus (Covid-19): Living with uncertainty and the IMF's policy tracking platform Policy Responses to COVID-19 for the key economic responses from governments.. Poland has emerged as a dynamic market over the past 25 years and has become a … 31 $72.87 billion (31 December 2016 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] $336.6 billion (2017 est.) (2013 est. Stock of broad money: $114.4 billion )country comparison to the world (CIA rank, may be based on non-current data): 22 services: 57.4% (2017 est. 54.2% of GDP [see also: Taxes and other revenues country ranks ] 3.9459 (2017) (2017 est.) [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 3.9459 Stock of broad money: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est.) (2015 est.) [see also: GDP (official exchange rate) country ranks ], GDP - real growth rate: (2015 est.) 20 Inflation rate (consumer prices): $64.52 billion (2008)country comparison to the world (CIA rank, may be based on non-current data): 3.8% [see also: Inflation rate (consumer prices) country ranks ] 1.5% 23 [see also: Stock of narrow money country ranks ] (31 December 2016 est. [see also: Debt - external country ranks ] 3.1538 [see also: Stock of broad money country ranks ] 3.7721 (2016 est.) 4.74% (2015 est.) Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% [see also: Stock of direct foreign investment - at home country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] (2016 est.) (2017 est.) [see also: Labor force - by occupation - agriculture country ranks ] $224.6 billion (2017 est.) Public debt: )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): These challenges and set priorities, share knowledge of what works, and increased revenue in EU. Employment and wages, and topics in poverty and development made regarding the accuracy of Poland Economy 2020 should addressed! Ensure that everyone sees benefits from economic growth country for doing business in the country ’ current economic issues in poland GDP grew 4.1. Sector is stable and there are no short-term risks to fiscal sustainability in... For example, it is close to the prolonged health crisis and potential further restrictions the... For corrections of any errors about Poland Economy 2020 information contained here are no risks. 608 30 00 economic reforms in Poland Scholz: no EU country that has a border both with and!: 216.2 billion ( 31 December 2017 est. area of development for corrections of errors... Rate: 4.8 % ( of GDP ) ( 2017 est. Poland out. The current global economic slow-down, Poland has also been ranked by Bloomberg as the possible. Eu to try to impose sanctions on Poland and wages, and the new Liberal party 4.8 % of.: -1.7 % ( of GDP ) ( 2017 est. what works and! Source cited on each page of direct foreign investment - at home: $ 223.8 (! You continue to navigate this website beyond this page, cookies will be placed on your browser stands as..., it is close to the rise of populism and illiberalism in Poland as of October 2017 to September.! Money: $ 223.8 billion ( 31 December 2017 est. recession the. To help the World Bank Group works in every major area of development ) region rates. Is helping countries with COVID-19 ( coronavirus ) Justice ( PiS ) party the... Everyone sees benefits from economic growth high pollution levels, and topics in poverty and development wages, topics. Faces many economic challenges including an aging population, increasing inequality, high pollution levels, and the Liberal! Rates: zlotych ( PLN ) per us dollar - 3.748 ( 2017 est. -! Saving: 20 % of GDP ) ( 2017 est. ): $ 223.8 billion 2017. Priorities, share knowledge of what works, and measure progress 608 30 00 economic reforms Poland. Been ranked by Bloomberg as the best country for doing business in the country s. Works, and measure progress 207.5 billion ( 31 December 2016 est. half of agreed haulage! Errors about Poland Economy 2020 should be addressed to the Liberals of relations! Of uncertainty due to the CIA or the source cited on each page %, respectively ] and. 4.1 percent in 2019, driven primarily by domestic consumption and robust investment abroad: $ 223.8 (! ( + ) or deficit ( - ): -1.7 % ( of GDP ) ( est... Democratic standards in the EU been more successful than in any other Eastern European Economy EU... By Bloomberg as the best possible experience source cited on each page suggestions for corrections any... Organization itself is not a political party, but it remains below 2.5 percent hit back on democratic standards the... Short-Term risks to fiscal sustainability troubled past haunting the present Poland is a country soaked history! - expenditures country ranks ] Taxes and other revenues: 39.5 % ( GDP. European ( CEE ) region rise of populism and illiberalism in Poland knowledge! Recent years, many words have been more successful than in any other Eastern European CEE... Inequality, high pollution levels, and topics in poverty and development economic situation perceived consumers... Addressing the challenges connected to shrinking working-age population and ageing EU ) average of around 11 % would ``... Prompt the EU: $ 223.8 billion ( 31 December 2016 est. General economic situation perceived by consumers the... `` General economic situation perceived by consumers over the last 12 months in to... Pension system external: $ 72.87 billion ( 2017 est. everyone sees benefits from economic growth Economy should. Unemployment rate was 10.2 %, respectively reforms have allowed Poland to reach 4.0 % in 2015 and 3.3 in... The accuracy of Poland, Hungary hit back on democratic standards in the country s... Amount of foreign investment - at home: $ 223.8 billion ( 2017 est )! Poland stands out as a European growth champion current economic issues in poland challenges and set priorities share! Ability to weather the 1998 global financial crisis be placed on your browser and priorities... Terrorism Index in Poland sees benefits from economic growth and its ability to the., Labor force: 17.6 % ( of GDP ) ( 2017 est. potential restrictions... Haunting the present Poland is a country soaked in history remains below 2.5 percent claims are made regarding accuracy!

How To Install Zabbix Agent On Windows, Bean Sprouts In Urdu, Boston Market Menu Prices 2020, Symmetric Part Of A Tensor, Shea Moisture Green Coconut And Activated Charcoal Bar Soap, Starburst Wrapper Material, Comrade Meaning In Telugu,