Economy of Poland
Population: 37.98 M (2018)
GDP per Capita: 15,421 USD (2018)
585,660 M.

GDP USD

(2018)

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325,570 M.

EXPORTS USD

(2018)

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305,450 M.

IMPORTS USD

(2018)

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46.00 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 5.15 % (2018)
GDP of 2010 USD USD 632.70 B. (2018)
GDP Current USD USD 585.66 B. (2018)
GDP per Capita Current USD USD 15,421 (2018)
GDP per capita, PPP USD 28,786 (2018)
GDP per Capita, 2010 USD USD 16,659 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 17.80 % (2018)
Government Spending USD 104.25 B. (2018)
Government Debt % GDP 46.00 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 125.12 (2018)
Trade Openness 107.74 % (2018)
Exports of Goods and Services % GDP 55.59 % (2018)
Exports Goods & Services USD 325.57 B. (2018)
Exports Annual Growth 7.02 % (2018)
Imports as % GDP 52.15 % (2018)
Total Imports USD 305.45 B. (2018)
Foreign Direct Investment % GDP 2.85 % (2018)
Foreign Direct Investment USD 12.03 B. (2018)
Current Account Balance % GDP USD -0.99 % (2018)
Current Account Balance USD -5.82 B. (2018)
Trade Balance % GDP 3.44 % (2018)
Trade Balance USD 19.95 B. (2018)
Foreign Exchange Reserves incl Gold USD 116.96 B. (2018)
Remittances % GDP 1.20 % (2018)
Remittances USD 3,461 M. (2018)
Balance of Payments USD 1,096 M. (2006)

Labor Market

Indicator Value
Labor Force 18.18 M. (2019)
Unemployment Rate 3.27 % (2019)
Unemployment Rate Females 3.51 % (2019)
Unemployment Rate Males 3.45 % (2019)
Youth Unemployment (ages 15-24) 10.14 % (2019)
Labor Force Participation Rate 56.55 % (2019)
Labor Force (Percent Female) 44.63 % (2019)
Female Labor Force Participation Rate 48.67 % (2019)
Male Labor Force Participation Rate 65.18 % (2019)
Dependent People 48.30 % (2018)

Agriculture Sector

Indicator Value
Forest Area 30.90 % (2016)
Forest Area km² 94,562 km² (2016)
Agricultural Land 46.94 % (2016)
Agricultural Land km² 143,740 km² (2016)
Employment 10.05 % (2019)
Value added % GDP 2.11 % (2018)
Agriculture Value added USD 12.34 B. (2018)
Crop Production Index 118.60 (2016)
Precipitation 600 mm (2014)
Arable Land 35 % (2016)
Cereal Yield 4,200 kg/hectare (2017)
Food production index 118 (2016)
Rural Population 40 % (2018)
Fertilizer use of Arable Land 173 kg/hectare (2016)
Livestock Production Index 110 (2016)
Economy of Poland

According to the World Bank and its latest published data, the economy of the Poland presents a growth rate of 5.15 % (2018) to the previous year.

With a population that reaches 37.98 M (2018) and a gross domestic product of USD 585.66 B. (2018), it translates a Gross Domestic Product per Capita of USD 15,421 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Poland also has a workforce of 18.18 M. (2019) with an unemployment rate of 3.27 % (2019), where women represent 3.51 % (2019) and men 3.45 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.14 % (2019). The total number of dependent people stands at 48.30 % (2018).

The central government spent 17.80 % (2018) of its gross domestic product that year, which in absolute terms is USD 104.25 B. (2018). Its consolidated public debt reached 46.00 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Poland exported USD 325.57 B. (2018), which represents 55.59 % (2018) of its gross domestic product, in that same sense its imports reached USD 305.45 B. (2018) with a direct foreign investment of USD 12.03 B. (2018).

Poland has a forest area of 94,562 km² (2016), which represents 30.90 % (2016) of its total area, an average rainfall of 600 mm (2014) per year and a population of 40 % (2018) living in rural areas. With a total area of 143,740 km² (2016) available for agriculture and 10.05 % (2019) of its employments, the agricultural sector contributes to the economy of the Poland about USD 12.34 B. (2018) (2.11 % (2018) of its GDP).