ECONOMY

Poland’s GDP growth reached 5.1% in 2018 (World Bank), and is projected to grow another 3.8% in 2019 (International Monetary Fund), the 4th highest growth rate in the EU as of 2019. (International Monetary Fund)

 

EMPLOYMENT & LABOR 

Poland’s unemployment rate in the first quarter of 2019 is registered as 3.9% (CEIC data), one of the lowest in Europe.

  • The number of employed persons in Poland in the first quarter of 2019 is 16,274 thousand. (Trading Economics)

    • Manufacturing and trade are the two largest sectors in the economy in terms of gross value added (GVA). (International Monetary Fund)

    • Wages have more than doubled since 2000. (valueDACH)

  • Meanwhile, the country’s industrial production grew by an unadjusted 9.2% in April 2019. (Intellinews)


FINANCE & INVESTMENT

  • In September 2018, FTSE Russel reclassified Poland as a developed market. (FTSE Russel)

  • Gross value added in national economy in the first quarter of 2019 was 4.6% higher than in the corresponding quarter of 2018. (Statistics Poland)

  • Gross value added in industry was 5.9% higher than in the corresponding quarter of 2018. (Statistics Poland)

  • The relatively low value of production capital in Poland ensures high rates of return on investments; The 2006-2016 average of marginal capital productivity in Poland is almost 4 times higher than in the rest of the Eurozone. (Deloitte)

  • Among other incentives for investors are Special Economic Zones (SEZ), special zones where economic activity may be run in favorable conditions. They offer attractive tax exemptions, employment incentives, and well-prepared investment lots. (Poland Investment and Trade Agency)

  • Poland was also ranked the sixth best country in the world to invest in a 2019 US News & World Report survey. (US News & World Report)


INTERNATIONAL TRADE

  • Poland ranks first as best country to trade across borders with by the World Bank Group 2019 Doing Business Report. (World Bank)

  • Poland’s trade with the United States rose to $4.92 billion through the first four months of 2019, 10.73% above its total trade during the same time period in 2018. (UStradenumbers)

  • The United States’ exports to Poland increased 15.95% while imports from Poland rose 7.13% (UStradeNumbers)

  • 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.