Poland economy or business environment

Presentationon

Poland economyor

business environment

Presented by, Ashutosh Sharma Mail id:- ashutosh.sharma@itm.edu

President or prime minister

President of Poland Bronisław Komorowski Prime minister of Poland Donald Tusk

The financial centre of  Poland The Poland Stock Exchange is, by market capitalisation, one of Central Europe's largest

Poland

Poland is a country in Central Europe.

The total area of Poland is 312,679 square kilometers.

it is the 69th largest country in the world and the 9th largest in Europe. With a population of over 38.5 million people.

The country consists of 16 states and its capital and largest city is Warsaw.

The government of the Poland Parliamentary republic, and the President Bronisław Komorowski or Prime Minister Donald Tusk

Poland Economy

it has the high-income economy which

makes the fastest growing within the EU.

Having a strong domestic market, low private debt, flexible currency.

The National Bank of Poland is the central bank of the Republic of Poland.

Cont…• Inflation -• Population

below poverty line -• FDI Stock -• Revenues -• Foreign reserves -

3.7%

10.6%$194.9$89.47 billion$97.93 billion

POLAND GDP

The Economy of Poland  is a high income economy and one of the fastest growing economies in Europe.

GDP $813.8 billion

GDP growth1

.4%

GDP per capita$21,1

18

GDP BY SECTOR

agriculture: 3.5%

industry: 34.2%

services: 62.3%

2.6

3.7

5.1

7.0

6.2

7.1

5.0

4.54.3

1.21.4

3.9

5.3

3.6

6.2

6.8

5.1

1.7

3.8

4.3

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Poland’s GDP growth

•

In 2011 GDP growth amounted to 4.3%. In the 1st half of 2012 GDP

growth amounted to 2.9%.

The biggest growth contribution was made by domestic demand,

investment and exports.

Unemployment Rate

Mazowieckie10.0%

Podlaskie13.8%

Lubelskie13,0%

Podkarpackie15.0%Małopolskie

10.5%

Śląskie10.2%

Opolskie13.2%

Dolnośląskie12,5%

Lubuskie15.1%

Świętokrzyskie14.8%

Łódzkie13.1%

Wielkopolskie9.1%

Warmińsko--Mazurskie

19.2%

Pomorskie12.1%

Kujawsko--Pomorskie

16.7%

Zachodnio--Pomorskie

16.7%

15% >

11-15

10% <

as of 30 of June 2012

IMPORTS

They import goods from Germany,(27.3%)Russia(12.2%)Netherlands(5.9% )China(5.4%)Italy(5.2%) France(4.2% ).

The material they import , machinery and transport equipment , intermediate manufactured goods , chemicals, minerals, fuels, lubricants etc.

Total they import-$206.5 billion.

Polish imports

53.0 56.1 58.2 60.2 71.3 81.2 100.8 120.4 142.5 107.5 134.2 152.60

20

40

60

80

100

120

140

160

180

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

EUR

bln

imports in value

In 2011 Poland imports

increased by 14% comparing to the previous

year.

In the commodity structure of Poland imports the main groups of products were: • Products of the electromechanical industry

(17.5%);• products of chemical industry (8.8%);• mineral products (6.9%).

EXPORTS

They exports goods from Germany(26.0%),United Kingdom(7.0%)France(6.0%) Russia(5.2%)Italy(5.0%)Netherlands(4.6%)

The material they export, food and live animals, miscellaneous manufactured articles etc.

Total they export- $192.3 billion

Polish exports

34.3 40.3 43.3 47.4 59.6 71.4 87.9 101.8 116.2 98.2 120.4 136.760

70

80

90

100

110

120

130

140

0

20

40

60

80

100

120

140

160

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

exports in value

In 2011 Poland

exports was by 14% higher

than a year before

In the commodity structure of Polish exports the main groups of products were:• products of the electromechanical industry

(20.4%)• products of chemical industry (6.9%)• metallurgical products (5.9%)• agricultural and food products (5.6%)

Foreign Direct Investment

Inflow of FDI’s in 2011 amounted to nearly EUR 10 bln

Companies from Germany, the Netherlands and Luxembourg are the biggest foreign investors in Poland

Tax rates

Corporate Income Tax (CIT) rate 19%

Personal Income Tax (PIT) rate18% and 32%

Value added tax (VAT) basic rate: 23%

Social Security Tax paid by employer

between 19.48% and 22.14%

TH A

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