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Economy of Poland

Economy of Poland
CountryPoland
Width300px
CaptionWarsaw
Currency1 zloty (PLN)=100 groszy
YearCalendar year
OrgansEU, WTO and OECD
Gdp$479.026 billion (Nominal) $755.3 (PPP) (2010 est.)
Growth3.8% (2010 est.)
Per Capita$18,705 (2010 est.)
Sectorsagriculture: 4.6%; industry: 28.1%; services: 67.3% (2009 est.)
Inflation2.7 (November 2010 est.)
Gini31.4 (2009)
Labor16.99 million (2009 est.)
Occupationsagriculture: 14.8%; industry: 30.7%; services: 54.5% (2007)
Unemployment9.7% (Feb. 2011)
Average Gross Salary870 - / 1,290 $, monthly (2010)
Average Net Salary618 - / 916 $, monthly (2010)
Edbr70th
Industriesmachine building, iron and steel, coal mining, chemicals, shipbuilding, yachtbuilding, food processing, glass, beverages, textiles
Exports$160.1 billion (2010)
Export-goodsmachinery and transport equipment 43.2%, manufactured goods classified chiefly by material 19.5%, miscellaneous manufactured articles 13.3%, food and live animals 9.5%, chemicals and related products 7.8%
Export-partnersGermany 26.1%, France 6.9%, Italy 6.9%, United Kingdom 6.4%, Czech Republic 5.8%, Netherlands 4.2% (2009)
Imports$167.4 billion (2010)
Import-goodsmachinery and transport equipment 35.3%, manufactured goods classified chiefly by material 17.4%, chemicals and related products 14 %, miscellaneous manufactured articles 10.6%, mineral fuels, lubricants and related materials 9.6%
Import-partnersGermany 22.4%, China 9.3%, Russia 8.5%, Italy 6.8%, France 4.6%, Netherlands 3.6% (2009)
FDI$167.9 billion (31 December 2009 est.)
Gross External Debt$201.2 billion (31 December 2009 est.)
Debt47.5% of GDP (2009 est.)
Revenue$88.37 billion (2010 est.)
Expenses$105.61 billion (2010 est.)
Credit*Standard & Poor's:
A (Domestic)
A- (Foreign)
A+ (T&C Assessment)
Outlook: Stable *Moody's:
A2
Outlook: Stable *Fitch:
A-
Outlook: Stable
Aid$68 billion in available EU structural adjustment and cohesion funds (2007-13)
ReservesUS$111.988 billion (April 2011)
Cianamepl

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The Economy of Poland is a high income economy and is the sixth largest in the EU and one of the fastest growing economies in Central Europe, with a yearly growth rate of over 3.0% before the late-2000s recession. It is the only member country of the European Union to have avoided a decline in GDP, meaning that in 2009 Poland has created the most GDP growth in the EU. As of December 2009 the Polish economy had not entered recession nor contracted. According to the Central Statistical Office of Poland, In 2010 the Polish economic growth rate was 3.8 %, which was one of the best results in Europe.

The Polish state has 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 . The privatization of small and medium state-owned companies and a liberal law on establishing new firms has encouraged the development of the private business sector, which has been the main drive for Poland's economic growth. The agricultural sector remains handicapped by structural problems, surplus labor, inefficient small farms, and a lack of investment. Restructuring and privatization of "sensitive sectors" (e.g., coal), has also been slow, but recent foreign investments in energy and steel have begun to turn the tide. Recent reforms in health care, education, the pension system, and state administration have resulted in larger than expected fiscal pressures. Improving this account deficit and tightening monetary policy, with focus on inflation, are priorities for the Polish government. Further progress in public finance depends mainly on privatization of Poland's remaining state sectors , the reduction of state employment, and an overhaul of the tax code to incorporate farmers, who currently pay significantly lower taxes than other people with similar income levels. Despite some continued systematic problems, Poland has made a large economic progress over the last decade, and now is ranked 20-th worldwide in terms of the GDP. The largest component of its economy is the service sector.

Economy of Poland Video

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Small excerpt from "New Rulers Of the World" !!! Iceland, Hungary, Poland, Ukraine, Romania, Turkey, Kenya and many many more faced very recent attacks on their currencies by FOREIGN SPECULATORS. FROM : US, UK, Switzerland Iceland was bankrupt: news.bbc.co.uk Currency crashed: www.indybay.org Romania's currency was under hard fire and the RON plunged, luckily the Central Romanian Bank had the means, presence of spirit to discover the speculators and stop them: "It is for the first time that the governor of the National Bank of Romania speaks openly about a speculative attack on the currency market. He did not reveal who was behind the attacks but suspicion hovers around thee big international banks that do not have branches in Romania." "The Financial Institutions that started the attack are amongst the ones that have received financial aid from the Occidental governments to be able to face the crisis." www.standard.ro Rumors have surfaced about the foreign speculators: US investment funds JP Morgan-Chase, UK bank RBS, Unicredit. Hungary, Ukraine currencies crashed and now are in debt (slaves) to the IMF: fistfulofeuros.net IMF said Turkey was likely to join the queue for bail-outs very soon. Turkey's prime minister Recep Tayyip Erdogan said over the weekend that his country would not "darken its future by bowing to the wishes of the IMF" Kenya schilling crashed: allafrica.com Romanian prime minister had a first reaction to the foreign financial terrorist attack: I don't <b>...</b>
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A Conversation with Han Bouman, www.youtube.com Han Bouman is a Dutchman who has not only been blessed with the gift of speaking four languages, but is currently helping checking the update of the Polish Gdansk Bible, with the help of the King James Bible and other Textus Receptus based translations like the Dutch Statenvertaling. He is also helping to get the Kent Hovind's evolution seminars out into Dutch and Polish. He is also planning to move to Poland in 2010 and be a missionary to a predominantly Catholic nation. Those that are interested in this Polish Bible project can contact the following website: www.wrotanadziei.org. The New Testament is ready and the electronic version is already available through e-Sword and TheWord Dr Kent Hovind - Teoria Hovinda http Dr Kent Hovind - Ogród Eden www.youtube.com Dr Kent Hovind - Kłamstwa w podręcznikach www.youtube.com Dr Kent Hovind - Wiek Ziemi www.youtube.com Dr Kent Hovind's Playlist - Teoria Hovinda, Ogród Eden, Wiek Ziemi, Kłamstwa w podręcznikach www.youtube.com EWOLUCJA CZY STWORZENIE www.youtube.com
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Poland Mining Report Q4 2010 - Market Research Agency Tweet this news
Market Research Agency---Poland- was the only EU country to avoid slipping into recession in 2009, the -economy- growing overall by 1.8%. Although it did not perform quite as well as ... - Date : Sat, 23 Oct 2010 23:06:13 GMT+00:00
Poland offers more help to investors - Polish Market Tweet this news
Polish Market---...- and -Poland's- economic promotion. Assistance is available in the area of preparation of investment sites. On August 2nd, the Ministry of -Economy- ... - Date : Tue, 26 Oct 2010 08:24:26 GMT+00:00
Energy costs to drag on Poland's economy - Warsaw Business Journal Tweet this news
Warsaw Business Journal---Poland- has the highest energy prices in Europe. And the situation is just about to get worse for companies and households. Energy distributors have asked ... - Date : Tue, 26 Oct 2010 08:03:20 GMT+00:00
Polish Treasury encourages citizen ownership - Polish Market Tweet this news
Polish Market--The meeting was held as a part of Treasury's project to encourage citizen ownership in -Poland-. The aim of this long-term plan is to encourage citizens' ... - Date : Tue, 26 Oct 2010 12:34:48 GMT+00:00
New Haas Europe factory outlets - The Engineer Tweet this news
The Engineer--Marketing Manager, Jolanta Kowalska says: “-Poland- was the only EU -economy- that didn't slip into recession over the past two years. The -economy- is growing ... - Date : Tue, 26 Oct 2010 07:12:22 GMT+00:00
SKorea, IMF work on emergency loan program - BusinessWeek Tweet this news
BusinessWeek--Mexico, -Poland- and Colombia have petitioned for funds under the new lending program. South Korea's new proposal is different. Instead of a normally healthy ... - Date : Sun, 25 Jul 2010 04:25:29 GMT+00:00

Year 2001 2002 2003 2004 2005 2006 2007
Total retail sales (PLN bn) 361.8 376.5 385.3 401.4 433.5 433.3 464.5 517.4

Division Spending (in mln zl) % of total budget
Total 277,893 100
Dwelling economy 1541 0.6
Public administration 10161 3.7
National Defence 13812 5
Compulsory Social Security 64050 23
Public safety and fire care 12517 4.5
Administration of justice 9090 3.3
Public debt servicing 25117 9
Education 2200 0.8
Higher Education 11091 4
Health care 6692 2.4
Social assistance 18331 6.6
Culture and national heritage 1487 0.5
Physical education and sport 583 0.2
Other (no specific category) 101,221 36.4

Total income (mln zl) Total expenditure (mln zl) Total Deficit (mln zl)
253,547 277,893 24,346

Year Q1 Q2 Q3 Q4
2011 4.3%
2010 3.0% 3.5% 4.2% 4.3%
2009 0.8% 1.2% 1.8% 3.3%
2008 6.1% 6.0% 5.0% 3.0%
2007 7.4% 6.5% 6.5% 6.5%
2006 5.4% 6.3% 6.6% 6.6%
2005 2.1% 2.7% 3.7% 4.3%
2004 7.0% 6.1% 4.8% 4.9%
2003 2.2% 3.8% 4.7% 4.7%

Organisation for Economic Co-operation and Development (OECD)

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