Polish economy in numbers

Poland is a very interesting place for foreign investors. Country’s main advantages are: large number of inhabitants (almost 40 millions), diversified economy in terms of sectors, ambitious employees and easy access to markets of Eastern and Western Europe.

Polish economy may be briefly depicted as:

  • being robust and resilient to external shocks, mainly due to the country’s significant internal market and diversified export structure;
  • offering safe environment for economic activity and long-term planning (due to stable prices and constant GDP growth);
  • having very low risk of a financial crisis (public sector debt amounts to 57.0 % GDP while the EU 27 average equals 84.9% GDP);
  • offering broad range of investment possibilities resulting from modernization of infrastructure and implementing modern technologies in corporations;
  • being driven by a large number of agile small and medium enterprises (over 3 000 000 registered entities).

Main economic indicators:

Category 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
GDP (PLN bn) 8439259831 0601 177 1 2751 3441 4151 5281 595
Real GDP growth (%) 3.95.33.66.26.8 5.11.83.94.52.0
FDI inflow (EUR mn) 4 06710 2378 33015 74117 242 10 1289 34310 50713 6462 664
Unemployment rate (%) 20.019.017.614.811.2 9.512.112.312.513.4
Exports (EUR mn) 47 52659 69871 42487 926101 839 116 24498 218120 373136 694141 942
Imports (EUR mn) 60 35471 35481 170100 784120 390 142 448107 529134 188152 568151 684
External trade turnover (EUR mn) 107 880131 052152 593188 710222 228 258 692205 747254 562289 262293 626
External trade balance (EUR mn) -12 827-11 656-9 746-12 858-18 551 -26 204-9 310-13 815-15 875-9 742
CPI (previous year = 100) 100.8103.5102.1101.0102.5 104.2103.5102.6104.3103.7

Source: FDI inflow: National Bank of Poland, other data: Central Statistical Office

Other important information:

Area312 679 km²
Population38 533 299 (Central Statistical Office as of 31.12.2012)
CapitalWarsaw, population: 1.716 mn
Administrative division16 Voivodships, 314 Poviats, 2479 Municipalities
Legislative BranchParliament: Sejm (460 representatives), Senat (100 representatives)
Executive BranchPresident (5 years term), Council of Ministers (4 years term)
Judicial BranchSupreme Court, common courts, administrative courts, military courts
Time zoneGMT +1
CurrencyZłoty (PLN) = 100 groszy (gr.)
Life expectancyfemales 81.0, males 72.7
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