BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

National Bank of Poland

International Reserves

US$ 97.712 billion (Source: IMF; Data updated: 2012)

Source
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

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 3.4% 
  • industry: 33.6% 
  • services: 63% (2011 estimate)
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)

 
 
Source
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) 

 
 
Source
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 FreedomWSJ and Heritage Foundation

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

(100=totally free 0=totally repressed )

 
 
Source
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

 
 
Source
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)

Source
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)

Source
CO2 emissions(Metric tons of CO2 per capita)

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

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