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$ 112.447 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 545 billion (2014 estimate)

GDP (Purchasing Power Parity)

856 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
3.9% 5.3% 3.6% 6.2% 6.8% 5.1% 1.6% 3.9%
2011 2012 2013 2014*        
4.5% 1.9% 1.6% 3.1%        

*Estimate

GDP per capita - current prices

US$ 14,136 (2014 estimate)

GDP per capita - PPP

$22,201 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
1.32% 0.94% 0.93% 0.96% 0.94%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 4% 
  • industry: 33.3% 
  • services: 62.7% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

0.8% (2011)

 

Inflation
2011 2012 2013 2014*
4.3% 3.7% 0.9% 1.5%

*Estimate

Unemployment rate
2011 2012 2013 2014*
9.6% 10.1% 10.3% 10.2%

*Estimate

Household saving rates

1.6% (Net saving; 2014 forecast)

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
54.8% 56.2% 55.6% 57.5% 49.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-7.9 -5.0% -3.9% -4.5% -3.5%

*Estimate 

Government bond ratings

Standard & Poor's: A-

Moody's rating: A2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$190.2 billion US$138.2 billion US$177.7 billion

*2010 Estimate    **2012 Estimate  

Largest companies in Poland

PKO Bank Polski, PGE, Grupa PZU, Pgnig Group, KGHM Polska Miedz, PKN Orlen, Tauron Group

 
 
Source
Current account balance

US$ -13.508 billion (2014 estimate)

Current account balance by percentage of GDP

-2.48% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

47.8% (2013)

Shares in world total merchandising export

1.01% (2012)

Shares in world total commercial services export

0.86% (2012)

Total exports

US$202.3 billion (2013 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$207.4 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and transport equipment 38%, intermediate manufactured goods 21%, chemicals 15%, minerals, fuels, lubricants, and related materials 9% (2011 est.)

Exports - major partners

Germany 26%, UK 7%, Czech Republic 6.5%, France 6%, Russia 5.2%, Italy 5%, Netherlands 4.6% (2012)

Imports - major partners

Germany 27.3%, Russia 12.2%, Netherlands 5.9%, China 5.4%, Italy 5.2%, Czech Republic 4.3%, France 4.2% (2012)

FDI inflows
2011 2012 2013
US$20,616 million US$6,059 million US$-6,038 million
FDI outflows
2011 2012 2013  
US$8,155 million US$727 million US$-4,852 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$201 million US$511 million US$3,399 million US$243 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

KGHM Polska Miedz SA, Quadra FNX Mining Ltd, Canada, 3.3

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

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 45 out of 189 countries (2013)

Subcategories:

Starting a business: 116 out of 189 countries

Enforcing Contracts: 55 out of 189 countries

Registering Property: 54 out of 189 countries

Getting credit: 3 out of 189 countries

Protecting investors: 52 out of 189 countries

Trading across border: 49 out of 189 countries

Paying Taxes: 113 out of 189 countries

Dealing with Construction Permits: 88 out of 189 countries

Getting Electricity: 137 out of 189 countries

Resolving Insolvency: 37 out of 189 countries

(2013)

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

43

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 50 Score: 67 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

312,685 sq km

Capital

Warsaw 

Currency

zlotych (PLN) 

Government type

republic 

Languages

Polish (official) 96.2%, Polish and non-Polish 2%, non-Polish 0.5%, unspecified 1.3%    note: Kashub is recognized as a regional language under the European Charter for Regional or Minority Languages (2011 est.) 

Religions

Catholic 87.2% (includes Roman Catholic 86.9% and Greek Catholic, Armenian Catholic, and Byzantine-Slavic Catholic .3%), Orthodox 1.3% (almost all are Polish Autocephalous Orthodox), Protestant 0.4% (mainly Augsburg Evangelical and Pentacostal), other 0.4% (includes Jehovah's Witness, Buddhist, Hare Krishna, Gaudiya Vaishnavism, Muslim, Jewish, Mormon), unspecified 10.8% (2012 est.)

Total population
1990 2000 2010 2014* 2019**
38.186 million 38.263 million 38.167 million 38.537 million 38.504 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
47.9% 58% 62% 61%
Population median age

39.5 years (2014 estimate)

Population growth rate

-0.11% (2014 est.)

Life expectancy

76.65 years (2014 estimate)

Adult literacy

99.7% (2011 estimate)

% of population living on less than $2 a day

0.1% (2011)

Inequality of wealth distribution (Gini index)

32.8 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

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

Total telephone subscribers as % of population

Fixed 13.9%   Mobile 150.0%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

62.85% (2013)

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: 142nd (2014)

CO2 emissions(Metric tons of CO2 per capita)

8.3 (2010)

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