[24] Since 1990, Poland has pursued a policy of economic liberalization and its economy was the only one in the EU to avoid a recession through the 2007–08 economic downturn. Unlike the industrial sector, Poland's agricultural sector remained largely in private hands during the decades of real socialist [sic] rule. $) % of Rank … As of 10 January 2020, there are 4000 km of motorways and expressways in use. Before World War II, Poland's industrial base was concentrated in the coal, textile, chemical, machinery, iron, and steel sectors. Warsaw's airport is the main international hub for LOT Polish Airlines. The infrastructure is operated by Polish State Railways, part of state-run PKP Group. [50] Food exports amounted to 62 billion złoty in 2011, increasing by 17% from 2010. Norway and Sweden have also lost more than US$3,000. Poland joined the European Union in May 2004. Najnowsze dane Eurostatu", "How Poland Became Europe's Growth Champion: Insights from the Successful Post-Socialist Transition", "The Next Economic Powerhouse? CSV XML EXCEL. In preparation for the Euro 2012 football championships jointly hosted by Poland and Ukraine, a number of airports around the country were renovated and redeveloped. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. This level was still below European average and has begun falling subsequently. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. [53], Foreign direct investment (FDI) was at 40% of GDP in 2010, a doubling over the level in 2000. Our website uses cookies to improve your online experience. [57], The total value of the Polish pharmacy market in 2008 was PLN 24.1bn, 11.5% more than in 2007. The segment of the private equity market that finances early-stage high-risk companies, with the potential for fast growth, 130 active firms in Poland (as of March 2019). GDP per capita is gross domestic product divided by midyear population. The rail network is very dense in western and northern Poland, while the eastern part of the country is less developed. According to the Statistics Poland, in 2010 the Polish economic growth rate was 3.7%, which was one of the best results in Europe. (photo: andresr/iStock by Getty Images). [57], In 1990, the Tadeusz Mazowiecki government began a comprehensive reform programme to replace the centralised command economy with a market-oriented system. In 1990, Latin America’s average GDP per capita was a little over a quarter of the United States’ income level, while emerging and developing Asian countries’ GDP per capita was only 5 percent. Pełno niespodzianek, Więcej niż 80 proc. Top Losers in 2019 : At current prices, Out of 192 economies estimated by IMF, GDP per capita of 91 economies have decreased in 2019. Poland, especially after joining the European Union in 2004, became a place frequently visited by tourists. This page is a list of the countries of the world by gross domestic product (at purchasing … Restructuring and privatization of "sensitive sectors" (e.g. For most recent GDP data, consult dataset nama_10_gdp. All rights reserved. [36][37][38], The following table shows the main economic indicators in 1980–2018. You can change your personal cookie settings through your internet browser settings. It has since decreased, although unevenly. This page provides the latest reported value for - Poland GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. For a historical overview see: The Polish state steadfastly pursued a policy of economic liberalization throughout the 1990s, with positive results for economic growth but negative results for some sectors of the population. Improving this account deficit and tightening monetary policy, with a focus on inflation, are priorities for the Polish government. In 2009, at the high point of the crisis, the GDP for the European Union as a whole dropped by 4.5% while Polish GDP increased by 1.6%. Confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more. The public and private debt levels of Poland are below the European average (2017). World Bank national accounts data, and OECD National Accounts data files. Over half of all farm households in Poland produce only for their own needs with little, if any, commercial sales. DataBank. Most of the former state farms are now leased to farmer tenants. [31], However, the economic fluctuations of the business cycle did affect Poland's unemployment rate, which by early 2013 reached almost 11%. Agriculture employs 12.7% of the workforce but contributes 3.8% to the gross domestic product (GDP), reflecting relatively low productivity. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Inflation up to 2% is in green. Processors often rely on imports to supplement domestic supplies of wheat, feed grains, vegetable oil, and protein meals, which are generally insufficient to meet domestic demand. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or “numeraire” currency. [64] Banks in Poland reacted to the financial crisis of 2009 by restraining lending, raising interest rates, and strengthening balance sheets. The capital city, Warsaw, has the country's only rapid transit system: the Warsaw Metro. Since the global recession of 2009, Poland's GDP continued to grow. To dokładnie połowa tego, co zaplanowano", "Quarterly National Accounts : Quarterly Growth Rates of real GDP, change over previous quarter", https://motoryzacja.interia.pl/wiadomosci/producenci/news-chinczycy-chca-produkowac-w-polsce,nId,4654105, Economic data from Eastern European Markets (ceeMarket.com), Organisation for Economic Co-operation and Development (OECD), Convention on the Organisation for Economic Co-operation and Development, Trade-Related Aspects of Intellectual Property Rights, Special administrative regions of the People's Republic of China, Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, https://en.wikipedia.org/w/index.php?title=Economy_of_Poland&oldid=985015405, World Trade Organization member economies, Short description is different from Wikidata, Articles with dead external links from December 2019, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License, miscellaneous manufactured articles 17.1%, minerals, fuels, lubricants and related materials 9.0% (2011 est. Although in 2016 economic growth slowed, government stimulus measures combined with a tighter labour market in late 2016 kick-started new growth, which in 2017 the Polish Central Statistics Office states to be 5.2%. According to the National Bank of Poland (NBP), the level of FDI inflow into Poland in 2006 amounted to €13.9 billion. In 1990, Latin America’s average GDP per capita was a little over a quarter of the United States’ income level, while emerging and developing Asian countries’ GDP per capita was only 5 percent. $) % of Rank PPP/Nom; 2018 2019 Change Europe World Europe World; Albania: 13,326.7: 13,991.1: 664.4: 37.3 [39], Unemployment in Poland appeared after the fall of socialism, although the economy previously had high levels of hidden unemployment. Search and explore the world’s largest statistical database to find data. GDP is expressed in current U.S. dollars per person. [30] It has had uninterrupted economic growth since 1992, even after the 2007 financial crisis.[31].

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