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Poland is an excellent place to invest and develop business.
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Official Site of Poland:
www.poland.gov.pl
President of the Republic of Poland:
www.president.pl
Prime Minister of the Republic of Poland:
www.premier.gov.pl

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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:

  • being robust and resilient to external shocks – mainly due to the country’s significant internal market and diversified export structure,
  • offering safe environment for undertaking economic activity and long-term planning (stable prices, permanent GDP growth),
  • 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),
  • offering 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).

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) 

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)

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)

Unemployment rate (%)*

17.5

20.0

20.0

19.0

17.6

14.8

11.2

9.5

9.5

12.3

13.1d)

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)

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)

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

-

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

-

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)

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

Area

312,679 km2

Population

38.1 m

Capital

Warsaw agglomeration: population 2.5 million

Administrative divisions

16 Voivodships, 314 Poviats, 2478 Municipalities

Legislative Branch

Sejm (460 representatives),
Senat (100 representatives)

Executive Branch

President (5 year term),
Council of Ministers (4 year term)

Judicial Branch

Supreme Court, common courts, administrative courts, military courts

Time zone

GMT +1

Currency

1 Zloty (PLN) = 100 Groszy

Life expectancy

Females 79.7, males 71.0

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