Population
38.5 million

With a population of nearly 38.5 million people, Poland is the 5th most populous member state of the European Union, and it’s the biggest country in Central-Eastern Europe.

GDP Per Capita
$32,005

In 2019, the growth in GDP in Poland was up 4.1% from the year before, continuing a trend of positive growth in GDP. It is projected that Poland’s GDP will grow through 2021 & 2022 at a conservative 3.6%.

EU Funding
€164 billion

EU financial resources are spent on necessary infrastructure, stimulation of entrepreneurship, innovation, technology and environment. Poland is the largest net beneficiary in the EU.

E-commerce
$12 million

With growth between 25-30% yoy, Poland is one of the fastest growing e-commerce markets in Europe. Currently, e-commerce in Poland represents 8% of retail sales and is expected to reach 11% within 2-3 years.

Manufacturing
23% of GDP

Poland is the 5th largest manufacturing country within the EU. Leading sectors: food & beverages, automotive, metal products, rubber & plastic, chemicals, furniture, and electrical equipment.

Logistics
21 multimodal hubs

Poland is known for a well developed, sophisticated & cheap storage and logistics infrastructure. Thanks to this, companies such as Amazon and Zalando have chosen Poland for headquarters of their logistics centers.

Projections for Poland post Covid

Poland´s economic contraction due to the coronavirus pandemic is expected to be 3.5%, much lower than the Eurozone recession of 8%. The economic performance is less dependent on exports compared to Poland´s Central European peers like the Czech Republic, Hungary or Slovakia. At the same time private consumption accounts for 58% of GDP, reducing the vulnerability to external shocks (as evidenced by avoiding a recession in the 2009 credit crisis). In 2021 the economy is forecast to rebound by 5.6%. [source: Group Atradius]

Full report available here:

Country Report Poland 2020