Economy - overview:
Poland has pursued a policy of economic liberalization since 1990 and today stands out as a success story among transition economies. It is the only country in the European Union to avoid a recession through the 2008-2009 economic downturn, although GDP per capita is still much below the EU average. Since 2004, EU membership and access to EU structural funds have provided a major boost to the economy. Unemployment fell rapidly to 6.4% in October 2008, but climbed back to more than 12% during 2010-11, exceeding the EU average by more than 2%. Inflation reached a low of about 2.6% in 2010 due to the global economic slowdown but has since climbed and is expected to remain around 4%, and above the upper limit of the National Bank of Poland's target rate. Poland's economic performance could improve over the longer term if the country addresses some of the remaining deficiencies in its road and rail infrastructure and its business environment. An inefficient commercial court system, a rigid labor code, bureaucratic red tape, burdensome tax system, and persistent low-level corruption keep the private sector from performing up to its full potential. Rising demands to fund health care, education, and the state pension system and weak revenues caused the public sector budget deficit to rise to 7.8% of GDP in 2010, but measures to shore up public finances, including increasing contributions to the public pension scheme at the expense of private pension funds, by the PO/PSL coalition government, which came to power in November 2007, reduced the deficit to 2.6% of GDP in 2011. The coalition government has moved slowly on enacting business-friendly reforms, increasing workforce participation, reducing public sector spending growth, lowering taxes, and privatizing industry.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Poland on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Poland Economy 2012 information contained here. All suggestions for corrections of any errors about Poland Economy 2012 should be addressed to the CIA.
$765.6 billion (2011 est.)
country comparison to the world: 21
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$531.8 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
3.8% (2011 est.)
country comparison to the world: 106
[see also: GDP - real growth rate country ranks ]
$20,100 (2011 est.)
country comparison to the world: 63
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 3.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 33.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 63% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
17.93 million (2011 est.)
country comparison to the world: 34
[see also: Labor force country ranks ]
agriculture: 17.4%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 29.2%
[see also: Labor force - by occupation - industry country ranks ]
services: 53.4% (2005)
[see also: Labor force - by occupation - services country ranks ]
12% (2011 est.)
country comparison to the world: 126
[see also: Unemployment rate country ranks ]
17% (2003 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 3.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 27.2% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
34.2 (2008)
country comparison to the world: 93
[see also: Distribution of family income - Gini index country ranks ]
21.1% of GDP (2011 est.)
country comparison to the world: 104
[see also: Investment (gross fixed) country ranks ]
revenues: $96.44 billion
[see also: Budget revenues country ranks ]
expenditures: $110.3 billion (2011 est.)
[see also: Budget expenditures country ranks ]
18.1% of GDP (2011 est.)
country comparison to the world: 170
[see also: Taxes and other revenues country ranks ]
-2.6% of GDP (2011 est.)
country comparison to the world: 95
[see also: Budget surplus (+) or deficit (-) country ranks ]
56.7% of GDP (2011 est.)
country comparison to the world: 44
note: data cover general Government Gross Debt, and includes debt instruments issued (or owned) by Government entities, including sub-sectors of central government, state government, and social security funds.
[see also: Public debt country ranks ]
4% (2011 est.)
country comparison to the world: 96
[see also: Inflation rate (consumer prices) country ranks ]
4% (31 December 2010 est.)
country comparison to the world: 95
[see also: Central bank discount rate country ranks ]
8.2% (31 December 2011 est.)
country comparison to the world: 120
[see also: Commercial bank prime lending rate country ranks ]
$167.1 billion (31 December 2011 est.)
country comparison to the world: 22
[see also: Stock of narrow money country ranks ]
$289.9 billion (31 December 2011 est.)
country comparison to the world: 35
[see also: Stock of broad money country ranks ]
$340.5 billion (31 December 2011 est.)
country comparison to the world: 33
[see also: Stock of domestic credit country ranks ]
$190.2 billion (31 December 2010)
country comparison to the world: 34
[see also: Market value of publicly traded shares country ranks ]
potatoes, fruits, vegetables, wheat; poultry, eggs, pork, dairy
machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles
7% (2011 est.)
country comparison to the world: 37
[see also: Industrial production growth rate country ranks ]
141.8 billion kWh (2009 est.)
country comparison to the world: 23
[see also: Electricity - production country ranks ]
132.2 billion kWh (2008 est.)
country comparison to the world: 23
[see also: Electricity - consumption country ranks ]
9.594 billion kWh (2009)
[see also: Electricity - exports country ranks ]
2.191 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]
28,230 bbl/day (2010 est.)
country comparison to the world: 72
[see also: Oil - production country ranks ]
564,500 bbl/day (2010 est.)
country comparison to the world: 30
[see also: Oil - consumption country ranks ]
50,400 bbl/day (2009 est.)
country comparison to the world: 79
[see also: Oil - exports country ranks ]
531,300 bbl/day (2009 est.)
country comparison to the world: 23
[see also: Oil - imports country ranks ]
6.084 billion cu m (2010 est.)
country comparison to the world: 49
[see also: Natural gas - production country ranks ]
17.2 billion cu m (2010 est.)
country comparison to the world: 38
[see also: Natural gas - consumption country ranks ]
47 million cu m (2010 est.)
country comparison to the world: 47
[see also: Natural gas - exports country ranks ]
10.89 billion cu m (2010 est.)
country comparison to the world: 24
[see also: Natural gas - imports country ranks ]
164.8 billion cu m (1 January 2011 est.)
country comparison to the world: 49
[see also: Natural gas - proved reserves country ranks ]
-$29.96 billion (2011 est.)
country comparison to the world: 187
[see also: Current account balance country ranks ]
$197.1 billion (2011 est.)
country comparison to the world: 29
[see also: Exports country ranks ]
machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6%
Germany 26.9%, France 7.1%, UK 6.4%, Italy 6.3%, Czech Republic 6.2%, Netherlands 4.3%, Russia 4.1% (2010)
$217.9 billion (2011 est.)
country comparison to the world: 23
[see also: Imports country ranks ]
machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9%
Germany 29.1%, Russia 8.8%, Netherlands 6%, Italy 5.8%, China 5.6%, France 4.5%, Czech Republic 4.2% (2010)
$116.9 billion (31 December 2011 est.)
country comparison to the world: 21
[see also: Reserves of foreign exchange and gold country ranks ]
$306.9 billion (31 December 2011 est.)
country comparison to the world: 29
[see also: Debt - external country ranks ]
$205.1 billion (31 December 2011 est.)
country comparison to the world: 23
[see also: Stock of direct foreign investment - at home country ranks ]
$43.34 billion (31 December 2011 est.)
country comparison to the world: 34
[see also: Stock of direct foreign investment - abroad country ranks ]
zlotych (PLN) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
Flags
This page was last modified 07-Mar-12