Poland Export Market Research – Business Partner Search
|Population||38.53 million (2013)|
|Memberships||EU, NATO, OECD, the Visegrad Group (V4). Plans to join the Eurozone.|
|Real GDP per capita||8,500 EUR per inhabitant (2012)|
|Growth of GDP, %||1.9% (2012). Forecast: 1.3% in 2013, 2.5% in 2014, 2.9% in 2015|
|Average gross salary||3760 PLN / ca 895 EUR (3Q2013)|
|VAT rate||23% – general rate; reduced rates: 8% and 5%. Read more|
|Company Income Tax||19%. Read more|
Poland is one of the largest countries in Central and Eastern Europe and the biggest of the countries in so called “New Europe”, with a population of over 38.5 million people and good age statistics. Over 71% of the population is aged between 15 and 64 years and 15% is under 15 years old. The total Polish labour force is approximately 17 million. The country borders with Germany, the Czech Republic, Slovakia, Ukraine, Belarus and the Baltic Sea, the Kaliningrad region (Russia) and Lithuania.
The Polish economy grew by 1.7 % in 2009, the best result in the whole of Europe, as the continent plunged into economic crisis. According to International Monetary Fund (IMF) data, Poland experienced 19 years of uninterrupted GDP growth and its last recession year was 1991. No other country in Europe experienced such a long period of economic expansion. Good economic conditions in Poland in comparison to other European countries were mainly due to a healthy banking sector and relative low debt, big internal market and flexible currency rate against the euro, which helped local companies to compete successfully on the pan-European market.
In 2013, the Polish GDP is expected to reach USD 513.9 billion in terms of purchasing power parity, which will rank the country 23rd in the world. Poland is still relatively undeveloped in terms of GDP per capita but the distance to wealthy Europe is diminishing gradually. The total value of foreign direct investment amounted to 11.8 billion US dollars at the end of 2012 and is expected to increase further in 2013. In the Human Development Index, the country ranks 39th (very high).
Poland joined NATO alliance in 1999 and the European Union in 2004. The country is a member of major economic organizations, including IMF and Organization for Economic Cooperation and Development (OECD). The national currency (zloty) is fully convertible. Poland plans to join the Euro Zone in years to come.