Poland


Poland Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Poland; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank National Bank of Poland
International Reserves US$ 97.712 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 528.46 billion (2011 estimate)
GDP (Purchasing Power Parity) 802.145 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.2% 1.4% 3.9% 5.3% 3.6% 6.2% 6.8% 5.1%
2009 2010 2011 2012*
1.6% 3.9% 4.4% 2.6%

*Estimate

GDP per capita - current prices US$ 14,039 (2011 estimate)
GDP per capita - PPP $21,310 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
1.32% 0.95% 0.94% 0.97% 0.95%

**Forecast

GDP - composition by sector
  • agriculture: 3.4% 
  • industry: 33.6% 
  • services: 63% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) 0.74% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
3.5%(2008) 2.5% 4.3% 3.8%

*Estimate

Unemployment rate
2009 2010 2011 2012*
8.2% 9.6% 9.6%(2009) 9.4%

*Estimate

Household saving rates 4.7% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
47.1% 50.9% 54.9% 55.4% 55.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-3.7% -7.3% -7.8% -5.2% -3.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: A-

Moody's rating: A2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$135.3 billion US$190.2 billion US$138.2 billion
Largest companies in Poland KGHM Polska Miedz (Diversified Metals & Mining), JSW Group (Diversified Metals & Mining), PGE Polska Grupa (Electric Utilities), PKN Orlen (Oil & Gas Operations), Pgnig Group (Oil & Gas Operations), Grupa PZU (Property & Casualty Insurance), PKO Bank Polski (Regional Banks) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -24 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -4.5% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

42.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export 1.03%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.89% (2011)(2007)

(Data were released in 2012)

Total exports US$192.3 billion (2012 estimate) 
Export commodities machinery and transport equipment 37.8%, intermediate manufactured goods 23.7%, miscellaneous manufactured goods 17.1%, food and live animals 7.6%
Total imports US$206.5 billion (2012 estimate) 
Import commodities machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9%
Exports - major partners Germany 27%, UK 6.6%, Czech Republic 6.4%, France 6.3%, Italy 5.6%, Netherlands 4.5%, Russia 4.2% (2011)
Imports - major partners Germany 28.7%, Russia 10.3%, Netherlands 5.9%, Italy 5.4%, China 5.3%, France 4.4%, Czech Republic 4.3% (2011)
FDI inflows
2009 2010 2011
US$12,932 million US$8,858 million(2009) US$15,139 million(2009)
FDI outflows
2009 2010 2011
US$4,699 million US$5,487 million US$5,860 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$432 million US$117 million(2009) US$292 million(2009) US$511 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 55 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 124 out of 185 countries(2009)

Enforcing Contracts: 56 out of 185 countries

Registering Property: 62 out of 185 countries

Getting credit: 4 out of 185 countries

Protecting investors: 49 out of 185 countries

Trading across border: 50 out of 185 countries

Paying Taxes: 114 out of 185 countries

Dealing with Construction Permits: 161 out of 185 countries

Getting Electricity: 137 out of 185 countries

Resolving Insolvency: 37 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
41

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 64 Score: 64.2 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 312,685 km2 (2006)
Capital Warsaw (2009)
Currency zlotych (PLN) (2009)
Government type republic (2009)
Languages Polish 97.8%, other and unspecified 2.2% (2002 census)
Religions Roman Catholic 89.8% (about 75% practicing), Eastern Orthodox 1.3%, Protestant 0.3%, other 0.3%, unspecified 8.3% (2002)
Total population
1980 1990 2000 2012* 2017**
35.58 million 38.2 million 38.45 million 38.23 million 38.4 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
47.9% 58.1% 61.7% 60.9%
Population median age 38 years (2010)
Population growth rate 0.1% (2011)
Life expectancy 76 years (2010)
Adult literacy 100% (2005/2010)
% of population living on less than $2 a day <2% (2011)
Inequality of wealth distribution (Gini index)

34.07 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

146.53% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 64.88% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Warsaw: 102nd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

7.8147 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S SAFEST EMERGING MARKETS BANKS

2012:
  • OVERALL SAFEST PKO Bank Polski (National, 2012)
  • REGIONAL WINNERS PKO Bank Polski (Middle East, 2012)
  • REGIONAL WINNERS Bank Pekao (National, 2012)
  • REGIONAL WINNERS ING Bank ?l?ski (National, 2012)
  • REGIONAL WINNERS BRE Bank (National, 2012)
  • REGIONAL WINNERS Bank Handlowy w Warszawie (National, 2012)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Bank BPH (National, 2013)
2012:
  • COUNTRY WINNERS Bank Pekao (National, 2012)
2011:
  • COUNTRY WINNERS Bank Pekao (National, 2011)
2010:
  • COUNTRY WINNERS Bank Pekao (National, 2010)
2009:
  • COUNTRY WINNERS Bank Pekao (Central & Eastern Europe, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Bank Pekao (Global, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Trade Finance Services Bank Pekao (Middle East, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Online Treasury Services BRE Bank (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Bank Millennium (National, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Online Deposit, Credit and Investment Product Offerings Bank Millennium (National, 2012)
  • REGIONAL WINNERS / Best Corporate / Institutional Internet Banks Bank Pekao (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks BRE Bank (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks BRE Bank (National, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Online Deposit, Credit and Investment Product Offerings Bank Millennium (National, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Mobile Banking Bank Millennium (National, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best in Social Media BRE Bank (National, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Integrated Corporate Bank Site Bank Pekao (National, 2011)
  • REGIONAL WINNERS / Best Corporate / Institutional Internet Banks BRE Bank (National, 2011)
  • REGIONAL WINNERS / Best Consumer Internet Banks BRE Bank (National, 2011)
  • GLOBAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Integrated Corporate Bank Site Bank Pekao (National, 2011)
2010:
  • REGIONAL WINNERS / Best Corporate / Institutional Internet Banks BRE Bank (Central & Eastern Europe, 2010)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Integrated Consumer Bank Site BRE Bank (Central & Eastern Europe, 2010)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Online Deposits Acquisition Best Investment Management Services (Central and Eastern Europe, 2010)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Integrated Corporate Bank Site BRE Bank (National, 2010)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Information Security Initiatives Bank Pekao (National, 2010)
  • COUNTRY WINNERS / Best Consumer Internet Banks Bank Millennium (Global, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks BRE Bank (National, 2010)
2009:
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Integrated Corporate Bank Site BRE Bank (Marek Belka, 2009)
  • COUNTRY WINNERS / Best Consumer Internet Banks Bank Millennium (Middle East, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Bank Pekao (Global, 2009)

WORLD'S SAFEST BANKS

2013:
  • REGIONAL WINNERS PKO Bank Polski (Central & Eastern Europe, 2013)
  • REGIONAL WINNERS Bank Pekao (Central & Eastern Europe, 2013)
  • REGIONAL WINNERS ING Bank ?l?ski (Central & Eastern Europe, 2013)
  • REGIONAL WINNERS BRE Bank (Central & Eastern Europe, 2013)
  • REGIONAL WINNERS Bank Handlowy w Warszawie (Central & Eastern Europe, 2013)
2012:
  • REGIONAL WINNERS PKO Bank Polski (National, 2012)
  • REGIONAL WINNERS Bank Pekao (National, 2012)
  • REGIONAL WINNERS ING Bank ?l?ski (National, 2012)
  • REGIONAL WINNERS BRE Bank (National, 2012)
  • REGIONAL WINNERS Bank Handlowy w Warszawie (National, 2012)
2011:
  • REGIONAL WINNERS Bank Pekao (National, 2011)
  • REGIONAL WINNERS Bank Zachodni WBK (National, 2011)
  • REGIONAL WINNERS BRE Bank (National, 2011)
  • REGIONAL WINNERS PKO Bank Polski (National, 2011)
  • REGIONAL WINNERS ING Bank Slaski (National, 2011)
  • REGIONAL WINNERS Bank Handlowy w Warszawie (National, 2011)
  • REGIONAL WINNERS Kredyt Bank (National, 2011)
  • OVERALL SAFEST PKO Bank Polski (National, 2011)
  • OVERALL SAFEST ING Bank Slaski (National, 2011)
  • OVERALL SAFEST Bank Pekao (National, 2011)
2010:
  • REGIONAL WINNERS Bank Polska Kasa Opieki (Global, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS BRE Bank (Middle East, 2012)
2011:
  • COUNTRY WINNERS BRE Bank (Global, 2011)
2010:
  • COUNTRY WINNERS Bank Pekao SA (Europe, 2010)
2009:
  • COUNTRY WINNERS Bank Pekao (Central & Eastern Europe, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Bank Pekao (Global, 2012)
2011:
  • COUNTRY WINNERS ING Bank (National, 2011)
2010:
  • COUNTRY WINNERS ING (National, 2010)
2009:
  • COUNTRY WINNERS Raiffeisen Bank Polska (Global, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • COUNTRY WINNERS J.P. Morgan (National, 2013)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:
  • Grade: B (Central & Eastern Europe, 2009)

WORLD'S BIGGEST BANKS

2010:
  • BIGGEST BANKS IN CENTRAL/EASTERN EUROPE PKO Bank Polski (National, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST PKO Bank Polski (National, 2010)
  • OVERALL BIGGEST Bank Polska Kasa Opieki (National, 2010)
  • OVERALL BIGGEST BRE Bank (National, 2010)
  • OVERALL BIGGEST ING Bank Slaski (National, 2010)
  • OVERALL BIGGEST Bank Zachodni (National, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Bank Pekao (Global, 2013)
2012:
  • COUNTRY WINNERS Bank Pekao (National, 2012)
2011:
  • COUNTRY WINNERS Bank Pekao (Jean-Claude Trichet, 2011)
2010:
  • COUNTRY WINNERS Bank Pekao (National, 2010)
2009:
  • COUNTRY WINNERS Bank Pekao (Global, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE