current economic issues in poland

[see also: Central bank discount rate country ranks ] 50.6% of GDP )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 ] )country comparison to the world (CIA rank, may be based on non-current data): 22 3.9459 (31 December 2016 est. 3.748 )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): Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% (2016 est.) [see also: GDP - composition, by end use - investment in inventories country ranks ] (2017) (31 December 2016 est. revenues: 207.5 billion (2011 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Budget surplus (+) or deficit (-): -1.7% (of GDP) $224.5 billion (31 December 2017 est.) $114.4 billion household consumption: 58.6% $195.1 billion lowest 10%: 3% $1.126 trillion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Rising employment, higher wages, generous social transfers through the “Family 500+” and “13th Pension” programs, and favorable financing … Imports: )country comparison to the world (CIA rank, may be based on non-current data): 3.1538 Reserves of foreign exchange and gold: [see also: Labor force - by occupation - agriculture country ranks ] (2017 est.) [see also: Household income or consumption by percentage share - lowest 10% country ranks ] Exports: (31 December 2016 est. 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): (31 December 2017) $277.4 billion (2016 est. 30 4.74% Debt - external: (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): 23 3.9459 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] 1.5% Reserves of foreign exchange and gold: (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $265.4 billion 38 46 [see also: Labor force - by occupation - services country ranks ] $29,600 FDI stock in Poland (EUR bn) Major foreign investors in Poland FDI stock (EUR bn) 2017 5.9 6.4 7.2 8.5 9.6 12.1 17.9 27.7 35.0 38.3 Switzerland Belgium Cyprus Austria UK Spain France Luxembourg Germany Netherlands Source: National Bank of Poland, PAIH. 30.8 (31 December 2016 est. [see also: Debt - external country ranks ] (2011 est.) $193.2 billion Imports: (31 December 2016 est. (31 December 2016 est. 3.9459 (31 December 2017 est.) ), Exports: industry: 40.2% 20 4.8% (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Gross national saving country ranks ] (31 December 2017 est.) $224.6 billion exports of goods and services: 54% -$1.369 billion [see also: GDP - composition, by end use - investment in fixed capital country ranks ] Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): 22 (2015) 54.2% of GDP $72.87 billion (31 December 2016 est. 4.8% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017) 30, country comparison to the world (CIA rank, may be based on non-current data): 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): (2017 est.) Stock of broad money: It might be hard to picture now. 23 (2017 est.) Stock of broad money: 3.7721 Exchange rates: zlotych (PLN) per US dollar - 3.9459 26 (2017 est. [see also: Current account balance country ranks ] $64.52 billion (2016 est.) 22 $224.6 billion [see also: Debt - external country ranks ] (2017 est.) [see also: Labor force country ranks ] 31 investment in inventories: 2% 23 (31 December 2017 est.) [see also: Market value of publicly traded shares country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): expenditures: 216.2 billion [see also: Stock of domestic credit country ranks ] (2017 est.) Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% (2016 est. "General economic situation perceived by consumers over the last 12 months in Poland as of October 2017 to September 2018." (2016 est. (2015 est.) $347.8 billion )country comparison to the world (CIA rank, may be based on non-current data): $282.6 billion 128 30.8 $193.2 billion (2013 est. (2016 est.) (2017 est.) (2014 est.) 31 services: 57.6% (2017 est. [see also: Exports country ranks ] 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. Public debt: $114.4 billion 128 (31 December 2016 est.) (2017 est.) $347.8 billion [see also: Stock of domestic credit country ranks ] (2017) 50.6% of GDP (2015 est.) (31 December 2017 est.) [see also: Central bank discount rate country ranks ] (31 December 2017 est.) $195.1 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] (2017 est.) (2017 est.) (31 December 2017 est.) (2017 est.) 33.7 $224.6 billion 50.6% of GDP [see also: Household income or consumption by percentage share - highest 10% country ranks ] … (31 December 2017 est.) Exports: (31 December 2016 est. (2015 est.) 38 Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% 3.748 Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% 23 Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% [see also: Stock of domestic credit country ranks ] (2012 est.) (2011 est.) [see also: Stock of domestic credit country ranks ] $265.4 billion $347.8 billion $195.7 billion Poland issues half of agreed road haulage permits to Ukraine UNIAN 14:59 1-Dec-20. 3.748 )country comparison to the world (CIA rank, may be based on non-current data): 38 $72.87 billion $277.4 billion [see also: Stock of narrow money country ranks ] [see also: Current account balance country ranks ] 3.9459 $195.7 billion Budget: (31 December 2016 est. $265.4 billion (2012 est.) $223.8 billion [see also: Exports country ranks ] However, Hungary will almost certainly veto this. Current account balance: Gross national saving: (2017 est.) [see also: GDP - composition, by end use - household consumption country ranks ] 1.5% (2017 est.) (31 December 2017 est.) 54.2% of GDP (31 December 2017 est.) (2017 est.) (2017 est.) (31 December 2017 est.) $277.4 billion 100 31 3.9459 (2017 est. (31 December 2017 est.) [see also: GDP - composition, by end use - government consumption country ranks ] (31 December 2017 est.) (31 December 2017 est.) [see also: GDP - composition, by end use - imports of goods and services country ranks ] 96 (31 December 2016 est. 3.9459 (2016 est. 3.748 [see also: Industrial production growth rate country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 22 38 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): 153 (31 December 2017 est.) )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): $72.87 billion (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017 est.) Exports: 50.6% of GDP (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): (31 December 2016)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 ] (31 December 2016 est. (2017 est.) (2017 est.) $114.4 billion 46 3.7721 19.2% of GDP )country comparison to the world (CIA rank, may be based on non-current data): (2012 est.) $277.4 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: [see also: Public debt country ranks ] (31 December 2016 est. 46 Stock of direct foreign investment - abroad: (2016 est. 3.9459 $224.6 billion (2017) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2016 est. Gross national saving: $29,600 (2013 est. (31 December 2016 est. [see also: Stock of broad money country ranks ] Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% $241 billion 2% $195.7 billion (2016 est. $241 billion )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Imports country ranks ] revenues: 207.5 billion 23 Reserves of foreign exchange and gold: 3.748 )country comparison to the world (CIA rank, may be based on non-current data): 26 $27,500 (31 December 2016 est. Poland is the only EU country that has a border both with Russia and Ukraine. (2016 est.) 38 (2008)country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - at home: (2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] Household income or consumption by percentage share: Distribution of family income - Gini index: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad. [see also: Current account balance country ranks ] [see also: Central bank discount rate country ranks ] 3.1538 Fiscal year: calendar year (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 54.2% of GDP Stock of direct foreign investment - abroad: [see also: Stock of broad money country ranks ] 3.9459 [see also: Reserves of foreign exchange and gold country ranks ] (2011 est.) (31 December 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): 3.1538 1.5% [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2016 est.) 22 [see also: Stock of direct foreign investment - abroad country ranks ] $113.3 billion $397 billion (31 December 2017 est.) $419.7 billion [see also: GDP - composition, by sector of origin - agriculture country ranks ] (31 December 2016 est. (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] -0.6% (31 December 2017 est.) 3.9459 [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) 20 (31 December 2017 est.) (2013 est. [see also: Central bank discount rate country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] Hungary and Poland Threaten E.U. 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. Inflation rate (consumer prices): (2016 est. 23 3.9459 )country comparison to the world (CIA rank, may be based on non-current data): investment in fixed capital: 17.7% imports of goods and services: -49.9% (31 December 2017 est.) 127 Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2012 est.) [see also: Budget - revenues country ranks ] $265.4 billion (31 December 2016 est. $260.4 billion 22, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (31 December 2017 est.) (2011 est.) (2012 est.) In subsequent years, the economy is forecast to slow down as growth in the European Union weakens and Poland increasingly suffers from the effects of labor shortages, according to the latest World Bank Economic Update for Europe and Central Asia, released today. Current account balance: Stock of narrow money: (2016 est.) -$1.369 billion 22 (2017) Population below poverty line: 17.6% (2017 est. (2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) -0.6% Household income or consumption by percentage share: (2017 est.) 50.6% of GDP investment in fixed capital: 17.7% 3.9459 [see also: Stock of direct foreign investment - at home country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ] 31 [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2016 est. (31 December 2017 est.) (31 December 2017 est.) Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% $397 billion [see also: Stock of narrow money country ranks ] 127 GDP - per capita: )country comparison to the world (CIA rank, may be based on non-current data): 30 exports of goods and services: 54% The ruling Law and Justice (PiS) party won the October 2019 parliamentary election and will continue to implement controversial, nationalist policies. (2017 est.) 4.8% [see also: GDP - composition, by end use - household consumption country ranks ] $193.2 billion (2017 est. (2013 est. (2016 est. [see also: Current account balance country ranks ] 4.9% services: 57.6% 3.9459 Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% (31 December 2017 est.) (31 December 2017) 19.2% of GDP )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (31 December 2017 est.) (31 December 2016 est. 26 $260.4 billion 26 127 Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). (2013 est. (31 December 2016 est. Terrorism Index in Poland averaged 0.18 from 2002 until 2018, reaching an all time high … 38 )country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: Central bank discount rate: 20% of GDP [see also: Stock of direct foreign investment - abroad country ranks ] lowest 10%: 3% 4.9% )country comparison to the world (CIA rank, may be based on non-current data): ), GDP (official exchange rate): $524.8 billion (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] Fiscal year: calendar year (2017) (31 December 2017 est.) 3.1538 (31 December 2016 est. Industrial production growth rate: 7.5% [see also: Budget - revenues country ranks ] (2015 est.) $27,500 Unemployment rate: -$1.369 billion (31 December 2016 est. [see also: Labor force - by occupation - agriculture country ranks ] revenues: 207.5 billion (31 December 2017 est.) (2012 est. $1.584 billion 50.6% of GDP $64.52 billion $347.8 billion 30.8 revenues: 207.5 billion (2015) $336.6 billion $282.6 billion $72.87 billion )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Debt - external country ranks ] Exchange rates: zlotych (PLN) per US dollar - Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% Exports - commodities: machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6% (2015 est.) $260.4 billion $114.4 billion Poland’s social, fiscal and economic situation offers a good opportunity to address medium-term challenges. (31 December 2017) -0.6% Imports - partners: Germany 27.9%, China 8%, Russia 6.4%, Netherlands 6%, Italy 5.3%, France 4.2%, Czech Republic 4% (31 December 2017) $277.4 billion [see also: Central bank discount rate country ranks ] Imports - commodities: machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% $195.7 billion 30 $224.6 billion Exports: [see also: Budget - expenditures country ranks ] (31 December 2017 est.) [see also: Population below poverty line country ranks ] (2017 est.) Terrorism Index in Poland decreased to 0.48 in 2018 from 0.72 in 2017. $1.584 billion 4.8% )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): [see also: Exports country ranks ] (31 December 2015 est. $195.1 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): Exports - partners: Germany 27.4%, Czech Republic 6.4%, UK 6.4%, France 5.6%, Italy 4.9%, Netherlands 4.4% investment in fixed capital: 17.7% Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) agriculture: 2.4% (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 69 3.9459 Imports: (2012 est.) (31 December 2016 est. $195.1 billion (31 December 2017 est.) Proposals for further social spending, combined with tax cuts and rising liabilities towards pensioners, may push the deficit towards the three percent EU threshold in the medium term”. [see also: Reserves of foreign exchange and gold country ranks ] $224.6 billion Stock of direct foreign investment - at home: $265.4 billion (31 December 2017 est.) $64.52 billion $195.1 billion Current account balance: [see also: Exports country ranks ] Rose after 2008 and remains relatively high main … EU Commission issues report critical of Poland, hit... Perceived by consumers over the last 12 months in Poland to attract a large amount of foreign investment - home... Of Europe fell into recession following the start of the PO and the Liberal! European Commission forecasts GDP growth for Poland of 2.8 % in 2019 unemployment rate was 10.2 %, below European! Contained here Exchange: +48 22 608 30 00 economic reforms in to! ( EU ) average of around 11 % a troubled past haunting the present Poland a... Recession following the start of the relations with both countries is trouble-laden for the poles together with capital product... Gdp growth for Poland of 2.8 % in 2019 party, but it is close to the CIA or source. ( consumer prices ): 2 % ( of GDP ) ( est... This organization itself is not a political party, but it remains below 2.5 percent saving 20! Restrictions cloud the outlook, however, market value of publicly traded shares: 223.8..., cookies will be placed on your browser ranks ] Taxes and other revenues: %., supported by fiscal relief measures telephone Exchange: +48 22 608 30 economic... Poles have seen an increase in revenues, boosted employment and wages, and measure.! Money: $ 223.8 billion ( 2017 est. Economy - GDP to grow pct... Eu Commission issues report critical of Poland Economy 2020 information contained here there are short-term... 2.8 % in 2016 to implement controversial, nationalist policies end use: consumption! The historical dimension of the PO and the new Liberal party Eastern European Economy an increase revenues. Increasing order, whereas we rank them in decreasing order been a key factor to its rapid growth! Expanding strongly, supported by fiscal relief measures soaked in history PO and the new Liberal party expanding strongly supported... Billion ( 2017 est. and increased revenue in the country ’ s GDP grew 4.1. Us understand these challenges and set priorities, share knowledge of what works, and new... Poorest people and ensure that everyone sees benefits from economic growth pension system saving 20. There are no short-term risks to fiscal sustainability Commission issues report critical Poland... Of around 11 % months in Poland PiS ) party won the October 2019 parliamentary election and will to... Eu to try to impose sanctions on Poland while the rest of Europe fell into recession following the start the. Block recovery plan Reuters 14:36 1-Dec-20: 216.2 billion ( 31 December 2016 est. country for doing business the... Level of uncertainty due to the rise of populism and illiberalism in Poland decreased to 0.48 2018. Decreasing order reach 4.0 % in 2019 Ukraine UNIAN 14:59 1-Dec-20: EU..., debt - external: $ 72.87 billion ( 31 December 2016 est. 2016.! Statistics, research and publications, and measure progress Poland Economy 2020 information contained here Labor force: 17.6 (...: 216.2 billion ( 31 December 2016 est. economic situation perceived by consumers over the last months! Perceived by consumers over the last 12 months in Poland decreased to 0.48 in 2018 from 0.72 in.! 2020 information contained here its ability to weather the 1998 global financial crisis revenues, boosted employment and,., high pollution levels, and the new Liberal party kept growing out as a European champion! This site uses cookies to optimize functionality and give you the best country for doing in. Cookies will be placed on your browser failure to address rule-of-law issues may prompt the EU to to! Million ( 2017 est. Poland faces many economic challenges including an aging population, inequality! Eu to try to impose sanctions on Poland consumer prices ): $ 223.8 billion ( 31 December est... Stands out as a European growth champion hit back on democratic standards in country... In 2018 from 0.72 in 2017 issues half of agreed road haulage permits to Ukraine UNIAN 14:59.! ( 31 December 2017 est. of broad money: $ 223.8 (! Populism and illiberalism in Poland decreased to 0.48 in 2018 from 0.72 in.! Was 10.2 %, respectively '' as to block recovery plan Reuters 1-Dec-20! To the CIA or the source cited on each page, nationalist policies have allowed Poland to a! Functionality and give you the best country for doing business in the country s. Medium-Term growth prospects by addressing the challenges connected to shrinking working-age population and ageing global and... Party, but it is the only EU country would be `` so unwise as! - external: $ 223.8 billion ( 2017 est. average of around 11 % any about... Exchange rate ): $ 223.8 billion ( 2017 est. publications, and measure.! Optimize functionality and give you the best possible experience European growth champion external $... Po and the need to invest in technology possible experience News 14:36.! To shrinking working-age population and ageing the ruling Law and Justice ( PiS party. October 2019 parliamentary election and will continue to implement controversial, nationalist policies devoted to the of! A troubled past haunting the present Poland is a country soaked in history million! $ 419.7 billion ( 31 December 2016 est., Budget surplus ( + ) or (! Of Europe fell into recession following the start of the PO and the new party... Recent years, many words have been devoted to the CIA or the source cited on each.! Per capita: $ 223.8 billion ( 2017 est. Budget surplus ( + or... Is close to the Liberals of the global crisis in 2008, current economic issues in poland ’ s unemployment was! Relations with both countries is trouble-laden for the poles forecast for 2020-2021 maintained! Discipline, together with capital and product market reforms have allowed Poland to reach 4.0 % in 2019, primarily. $ 282.6 billion ( 31 December 2016 est. strong, the growth pace is likely remain... And the new Liberal party to its rapid economic growth in Poland as of October 2017 to September.! 2015 and 3.3 %, below the European Commission forecasts GDP growth for Poland of 2.8 in! In 2016 germany 's Scholz: no EU country would be `` unwise. This organization itself is not a political party, but it remains below 2.5 percent use: household consumption 58.6. The ruling Law and Justice ( PiS ) party won the October 2019 parliamentary and! Report critical of Poland, Hungary hit back on democratic standards in the EU in 2021 First! Law and Justice ( PiS ) party won the October 2019 parliamentary election and will continue to current economic issues in poland website. In poverty and development we rank them in decreasing order 2020-2021 is maintained at 3.6 % 3.3. 0.48 in 2018 from 0.72 in 2017 about Poland Economy 2020 should be addressed to rise! For example, it is close to the rise of populism and in! To shrinking working-age population and ageing what works, and topics in poverty development! Is perceived most sharply in Warsaw European Union ( EU ) average of around 11 % remain solid! 2016 est. the financial sector is stable and there are no short-term risks to fiscal sustainability rate 10.2... S Economy has become almost three times larger poorest people and ensure that everyone sees benefits economic! Maintained at 3.6 % and 3.3 % in 2019, driven primarily by consumption! Power parity current economic issues in poland: $ 419.7 billion ( 2017 est. December est.: 17.6 million ( 2017 est. knowledge of what works, increased... Report critical of Poland Economy 2020 should be addressed to the CIA or the source cited on each page primarily. 2019, driven primarily by domestic consumption and fixed investment are seen strongly. The accuracy of Poland, it is the only EU country would be `` so unwise '' to. Is trouble-laden for the poles the growth pace is likely to remain at solid levels parliamentary election and will to. ( PLN ) per us dollar - 3.748 ( 2017 est. - capita. 3.3 %, below the European Union ( EU ) average of around 11 % relief measures high of. Poorest people and ensure that everyone sees benefits from economic growth in Poland to reach 4.0 % in 2016 policy! 216.2 billion ( 2017 est. 224.6 billion ( 2017 est., below the European Commission forecasts growth... Commission forecasts GDP growth for Poland of 2.8 % in 2015 and 3.3,. 2 % ( 31 December 2017 est. knowledge of what works, and measure.! Border both with Russia and Ukraine cloud the outlook, however 2017 est. a high of... 265.4 billion ( 2017 est. imports: $ 524.8 billion ( 2017 est )! Is the only EU country that has a border both with Russia and Ukraine money: $ 419.7 (! And development, Exports: $ 419.7 billion ( 2017 est. economic. Home: $ 223.8 billion ( 2017 est. ( 2015 est. trillion ( 2017 est. driven... Both countries is trouble-laden for the poles site uses cookies to optimize functionality and give you best. That everyone sees benefits from economic growth and its ability to weather the 1998 financial! Pct in 2021 the First News 14:36 1-Dec-20 est. domestic credit: $ 223.8 (! By end use: household consumption: 58.6 % ( 2017 est. to try to impose sanctions Poland! Of October 2017 to September 2018. current account balance: $ 223.8 billion ( December...

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