Poland’s GDP grew 4.8% in 2017, the third highest growth rate in the European Union and Poland’s
highest since 2011.
Poland’s GDP rose to $1.02 trillion (PPP) in 2017.
Poland's GDP increased approximately 3.9% annually from 2006 to 2017 and was the only country in the EU to avoid a recession during 2008 financial crisis.
Poland’s 2017 inflation rate was just 2% overall.
EMPLOYMENT & LABOR
Poland's unemployment rate was 4.2%, in the first quarter of 2018 - the lowest rate in over 25 years.
The total number of people employed in Poland reached 16.3 million in Q2 2018.
1 out of every 3 jobs are in construction or manufacturing industries.
The number of people employed in the private sector reached 12.4 million people.
Industrial production reached 7.3% in May 2018.
Construction activity was up 4.3% Q1 2018 over Q1 2017, and construction began on 154,495 dwellings,
a 7.4% increase.
FINANCE & INVESTMENT
The MSCI Poland Index rose over 55% in 2017, beating China for the biggest gain among emerging markets.
In September 2018, FTSE Russell reclassified Poland as a developed market.
The gross value added from financial and insurance activities in the first quarter of 2018 was 12.6% higher
Domestic enterprises invested $15.8 billion in the first half of 2018, 11% higher compared to the same
period in 2017.
Poland tied for best country to trade across borders in the World Bank’s 2018 Doing Business report.
Exports increased by 12.9% over 2016 and imports increased 15.1% to $231 billion.
Growth in both trade flows was the fastest since 2011.
According to the Polish Investment and Trade Agency, 92% of foreign investors are satisfied with their decision to invest in Poland and would take that step again.
A growing number of Polish companies are introducing product and/or process innovations to the market.
The share of high-tech exports doubled in the past decade (to 8.6% in 2017), indirectly showing the technological advancement of the Polish economy.
The most significant high-tech exports were digital data processing machines (14.5% of all high-tech exports) and turboprop parts and turbojet engines (approximately 11%).