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Poland:
Country Economic Overview

An overview of the polish economy

Sample

An Overview of the Economy

Since joining the EU in 2004, Poland's economy has gone from strength to strength and has been engaged in a cyclical recovery. With close links to neighbouring Germany, Europe's largest economy, Poland is being successfully integrated into the EU and, due to its size and economic clout, has been one of the most high profile 2004 entrants. Contrary to previous decades, Poland now enjoys a combination of strong balanced growth, low inflation, rising employment and a small current account deficit. GDP grew by 5.3% in 2006, is expected to grow a further 4.5% in 2007 and should rise by over 50% by 2010. Poland is expected to join the Euro zone in 2009.

statistics
GDP (PPP) (IMF) (US$Billions)	620.9
GDP (PPP) (CIA) (US$Billions)	620.9
GDP Growth (IMF) (%)	6.5%
GDP Growth (CIA) (%)	6.5%
GDP Per Capita (PPP) (IMF) (US$)	16,310
GDP Per Capita (PPP) (CIA) (US$)	16,300
GDP by Sector	Agriculture: 4.1% Services: 64.4% Industry: 31.6%
Inflation (%)	2.5%
Population Below the Poverty Line (%)	17%
Labour Force (Millions)	16.86
Labour Force by Occupation (%)	Agriculture: 16.1% Services: 54.9% Industry: 29%
Unemployment (%)	12.8%
Main Industries	Machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles.

^{Source: CIA World Factbook, IMF}

GDP

EconomiC Indicator	2003	2004	2005	2006	2007
GDP (US$Billions)	216.80	253.02	303.98	341.72	420.28
GDP Annual Growth (%)	3.9%	5.3%	3.6%	6.2%	6.5%
GDP Per Capita (US$)	5,675	6,627	7,965	8,959	11,041
GDP Per Capita (PPP) (US$)	11,740	12,700	13,571	14,884	16,310
Inflation (%)	0.8%	3.5%	2.1%	1.0%	2.5%
Unemployment (%)	20%	19%	17.6%	14.9%	12.8%
FDI (US$Billions)	4.6	12.9	9.6	14.7	-
Foreign Exchange & Gold Reserves (US$Billions)	32.6	35.3	40.9	46.4	-
Mobile Phone Users	777,000	934,000	1,073,000	-	-
Internet users	235,000	236,000	262,000	299,000	-

^{Sources: CIA World Factbook, IMF, World Bank}

Major Exports & Imports

Foreign trade has expanded in Poland alongside the increasing economic activities. The country saw an increase in its exports from US$32 billion in 2000 to US$89 billion in 2005, imports also grew strongly from US$49 billion to US$101 billion in this period.