1. Strategy and Analyses Department
Poland’s
ECONOMIC PERFORMANCE
September, 2013

2. Strengths of Poland Large domestic market Central location in Europe2
Strengths of Poland
Area: 323 thousand km2 - 9th in Europe,
69th in the world
Population: 38.5 million - 8th in Europe,
34th in the world
Currency: Polish Zloty (USD 1 ≈ PLN 2.96)
(EUR 1 ≈ PLN 4.12)
GDP total: EUR bln (USD bln)
GDP per capita PPP: EUR (USD )
GDP per capita: EUR (USD )
GDP growth: 4.5%*, 1.9%
Membership: OECD, WTO, NATO, EU
Large domestic
market
Central location
in Europe
International legal
and business
standards
Young and well-
educated workforce
* Data for 2011 2

3. Leader of GDP growth in EU
Poland
Sustainable and balanced economic growth 3
EU Presidency
Leader of GDP growth in EU
Poland joins the EU
Schengen
WTO
Entry into
the NATO
OECD
Data: Poland’s CSO
Poland’s GDP in mn PLN 3 3

4. Poland’s GDP growth (% change. yoy)4
Poland’s GDP growth (% change. yoy)
Data: Poland’s CSO %
According to CSO data GDP growth amounted to 1.9%.
The biggest growth contribution was made by net exports.
According to CSO estimates. in the 1st half of 2013 growth amounted to 0.7%.
* - MoE forecast

5. Nominal GDP of EU - CEE countries (PPS , EUR bn, 2012)5
Nominal GDP of EU - CEE countries (PPS , EUR bn, 2012)
Data: Eurostat

6. 6
CEE & Balkan EU member states GDP growth rates (compared with the same period of the previous year)
Data: Eurostat

7. 7
EU 10 GDP performance in
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
EU 27
2,5
2,1
3,3
3,2
0,3
-4,3
1,6
-0,3
-0,1
1,4
Euro zone
2,2
1,7
2,9
0,4
-4,4
2,0
-0,6
-0,4
1,2
Bulgaria
6,7
6,4
6,5
6,2
-5,5
1,8
0,8
0,9
Czech R.
4,7
6,8
7,0
5,7
3,1
-4,5
1,9
-1,3
Estonia
6,3
8,9
10,1
7,5
-4,2
-14,1
8,3
3,0
4,0
Latvia
11,2
9,6
-3,3
-17,7
-0,9
5,5
5,6
3,8
4,1
Lithuania
7,4
7,8
9,8
-14,8
1,5
5,9
3,7
3,6
Hungary
4,8
3,9
0,1
-6,8
1,3
-1,7
0,2
Poland
5,3
5,1
4,5
1,1
Romania
8,5
4,2
7,9
7,3
-6,6
-1,1
0,7
Slovenia
4,4
5,8
3,4
-7,8
0,6
-2,3
-2,0
Slovakia
10,5
-4,9
1,0
2,8
Data: Eurostat, forecast

8. Poland’s industrial production8 8
Poland’s industrial production
Data not fully comparable. From 2006 data base on a new methodology.
Data: Poland’s CSO
January-July 2013
industrial production increased by 0.5% (yoy);
prices of sold production of industry increased by 1.3%. 8 8

9. Poland’s construction production9 9
Poland’s construction production
Data not fully comparable. From 2006 data base on a new methodology.
Data: Poland’s CSO
January-July 2013
construction production decreased by 17.7% (yoy);
prices in construction sector decreased by 1.8%. 9 9

10. Labour market – unemployment rate in Poland10
Labour market – unemployment rate in Poland
Data: Poland’s CSO
January-July 2013
unemployment rate amounted to 13.1%;
average employment (yoy) amounted to 5,488 thous. and the average wages and salaries in enterprise sector stood at PLN 3,781 (+1,9% yoy in real terms). 10

11. Consumer Price Index in Poland11 11
Consumer Price Index in Poland
June-July 2013
consumer prices rose by 0.9%;
prices growth was driven by a higher dynamics of food and non-alcoholic beverages prices (by 3.5%). Housing charges rose by 1.7%, including energy carriers (by 0.2% yoy).
Data: Poland’s CSO 11 11

12. Nominal trade value – Poland 2004-2012 (commodities; in EUR mln)
Data: Poland’s CSO 12

13. 13
Poland’s foreign trade geographical structure (according to CSO data for 2012)
Exports
Imports
In 2012 the main receivers of Polish exports were developed countries (82.2%), in which UE countries (76%).
The main Polish exports partners were Germany (25.1%), United Kingdom (6.8%) and Czech Republic (6.3%).
Data: Poland’s CSO 13 13

14. Trade Poland-Turkey January-July 201314
After 7 months of 2013 total Polish exports increased by 6.2%, to EUR 86.9 bn, whereas imports decreased by 1.7%, to EUR 87.5 bn.
Exports to Turkey increased by 4.6%, to above EUR 1.4 bn.
Polish imports from Turkey rose by 6.2%, to about EUR 1 bn.
In trade with Turkey Poland recorded a surplus of EUR 430 mn.
In January-July 2013, Turkey’s share of the total Polish turnover was:
in exports – 1.7%
in imports – 1.2%.
Data: Poland’s CSO 14 14

15. 15
After 7 months of 2013 in Poland’s trade with Turkey the dominant role had:
Electromechanical products and its parts:
64.4% in exports
40.7% in imports
Chemical industry products:
14.2% in exports
11.1% in imports
Light industry products:
25.9% in imports
Metallurgical products:
9.5% in exports
10% in imports.
Data: Poland’s CSO 15 15

16. Foreign Direct Investments in Poland16
Poland - Foreign Direct Investments
Foreign Direct Investments in Poland
Data: NBP
Main foreign investors in Poland are European Union countries.
At the end of 2012 FDI inward stock accounted to EUR 176.9bn.
According to NBP data for 2011, companies from the Netherlands, Germany, France and Luxembourg are the biggest foreign investors in Poland 16

17. (according to National Bank of Poland data for 2011)17
FDI Poland-Turkey
(according to National Bank of Poland data for 2011)
According to NBP data, in 2011, Turkish companies invested in Poland EUR 62,9 million. The estimated stock of Turkish FDI in Poland at the end of 2011 amounted at EUR 26.5 million.
According to PAIiIZ in 2012 there were 6 companies with Turkish capital (Nurol Holding, Mesa Mesken AS, Niff Rubber Industry, Polimer Kaucuk Sanayu ve Pazarlama AW, Koc Holding – Beko Polska).
Companies from Poland invested in Turkey till the end of 2011 EUR million.
Among the biggest Polish investors in Turkey are companies operating in IT sector (Asseco), pharmaceutical industry (Polpharma – biggest Polish investor in Turkey), and also in chemical industry (Selena).
According to PAIiIZ data 100 Polish companies want to invest in Turkey. 17 17

18. Ernst&Young Report – European Attractiveness Survey 2013
Poland was the continent’s strong performer in 2012, attracting 22.3% more projects than in Within the CEE region, Poland outpaced Russia to become the leading destination for FDI projects in 2012.
With 13,111 jobs created by FDI, up 67.3%, Poland ranked 3rd in terms of job creation for the whole of the continent (after the UK and Russia). US investments rose sharply in services projects, while German companies increased their presence in the automotive and logistics sectors.
Poland is also developing BPO centres in finance, accounting, contact and research.
Poland was the top improver globally in the past year, according to the World Bank’s Doing Business 2013 report. It has won attention as the fastest growing EU member since 2008, and benefts from a skilled native workforce and an extensive and able migrant workforce.
Poland was the leading CEE destination according to investors, claiming 37% of the votes.
Number of FDI Projects in CEE
Country
2011
2012
Annual change
Share (2012) 1
Poland
121
148
22.3%
3.9% 2
Russia
128
0.0%
3.4% 3
Turkey 97 95
-2.1%
2.5% 4
Serbia 67 78
16.4%
2.1% 5
Czech Rep. 66 64
-3.0%
1.7%
Number of jobs created by FDI in CEE
Country
2011
2012
Annual change
Share (2012) 1
Russia
8,362
13,356
59.7%
7.8% 2
Poland
7,838
13,111
67.3%
7.7% 3
Serbia
13,479
10.302
-23.6%
6.0% 4
Turkey
7,295
10,146
39.1% 5
Romania
5,985
7,114
18.9%
4.2%

19. Thank you for your attention
Ministry of Economy pl. Trzech Krzyży 3/5 tel Strategy and Analyses Department Warsaw fax web:
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