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Poland in figures |
Poland is a very interesting place for foreign investors. Especially because of a large number of inhabitants (almost 40 millions), diversified economy in terms of sectors and easy access to Eastern and Western Europe and ambitious employees.
Polish economy may be briefly depicted as:
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being robust and resilient to external shocks – mainly due to the country’s significant internal market and diversified export structure,
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offering safe environment for undertaking economic activity and long-term planning (stable prices, permanent GDP growth),
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having very low risk of a financial crisis (public sector debt amounts to 55.0 % GDP while the EU 27 average equals 80.0% GDP),
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offering investment possibilities resulting from modernization of infrastructure and implementing modern technologies in corporations,
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being driven by a large number of agile small and medium enterprises (over 3 000 000 registered entities).
|
Variable |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
|
GDP (bn PLN)* |
780 |
809 |
843 |
925 |
983 |
1,060 |
1,175 |
1,266 |
1,342 |
1,412 |
1,470b) |
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GDP change (preceding year=100)* |
101.2 |
101.4 |
103.9 |
105.3 |
103.6 |
106.2 |
106.7 |
104.8 |
101.8 |
105.1 |
104.1b) |
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FDI inflow (EUR million)** |
6,372 |
4,371 |
4,067 |
10,237 |
8,330 |
15,741 |
16,674 |
10,970 |
8,384 |
7,351 |
2363c) |
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Unemployment rate (%)* |
17.5 |
20.0 |
20.0 |
19.0 |
17.6 |
14.8 |
11.2 |
9.5 |
9.5 |
12.3 |
13.1d) |
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Exports (EUR million)** |
46,537 |
49,338 |
53,836 |
65,847 |
77,562 |
93,406 |
105,893 |
114,566 |
96,326 |
586,994 |
38026,4c) |
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Imports (EUR million)** |
55,094 |
57,039 |
58,913 |
70,399 |
79,804 |
98,945 |
118,262 |
139,329 |
105,045 |
559,521 |
39280,4c) |
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External trade turnover (EUR million)** |
101,631 |
106,377 |
112,749 |
136,246 |
157,366 |
192,351 |
224,155 |
259,895 |
201,371 |
183,456 |
- |
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External trade balance (EUR million)** |
-8,557 |
-7,701 |
-5,077 |
-4,552 |
-2,242 |
-5,539 |
-12,369 |
-24,761 |
-8,719 |
-3,302 |
- |
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Inflation rate (CPI, preceding year=100)* |
105.5 |
101.9 |
100.8 |
103.5 |
102.1 |
101.0 |
102.5 |
104.2 |
103.5 |
102.6 |
103.8e) |
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Source: *Central Statistical Office (GUS), **National Bank of Poland (NBP)
a) data from I-III Q of 2010 b) European Commission forecast: http://ec.europa.eu/economy_finance/articles/eu_economic_situation/pdf/2011-03-01-interim_forecast_en.pdf c) As of Feb 2011 d) As of Mar 2011 e) As of 1st quarter 2011 |
Basic information about Poland
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Area |
312,679 km2 |
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Population |
38.1 m |
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Capital |
Warsaw agglomeration: population 2.5 million |
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Administrative divisions |
16 Voivodships, 314 Poviats, 2478 Municipalities |
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Legislative Branch |
Sejm (460 representatives), Senat (100 representatives) |
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Executive Branch |
President (5 year term), Council of Ministers (4 year term) |
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Judicial Branch |
Supreme Court, common courts, administrative courts, military courts |
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Time zone |
GMT +1 |
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Currency |
1 Zloty (PLN) = 100 Groszy |
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Life expectancy |
Females 79.7, males 71.0 | |
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