Transcript POLAND’S ECONOMY
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Poland’s economic performance
Key facts
Dublin, 6 th December 2011
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Strengths of Poland
• • • • • • • •
Area: 312 thousand km 2 - 9th in Europe, 68th in the world Population: 38.2 million - 8th in Europe, 34th in the world Currency: Polish Zloty (EUR 1 ≈ PLN 4.52) (USD 1 ≈ PLN 3.33) GDP total: EUR 354.3 bln (USD 469.4 bln) GDP per capita PPP: EUR 15 300 (USD 19 000) GDP per capita: EUR 9 300 (USD 12 300) GDP growth: 3.9% Membership: OECD, WTO, NATO, EU
Data for 2010
Large domestic market Central location in Europe International legal and business standards Young and well educated workforce
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Sustainable and balanced economic growth
Leader of GDP growth in EU EU Presidency Poland joins the EU Schengen WTO Entry into the NATO
1 600 000 1 400 000 1 200 000 1 000 000 800 000 600 000 400 000 200 000
OECD
Data: Poland’s CSO
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011*
Poland’s GDP in mn PLN
* MoE AFD Growth forecast
%
Poland’s GDP growth
(% change, yoy)
Data: Poland’s CSO
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
In 2010 GDP growth amounted to 3.8%.
The biggest growth contribution was made by consumption.
-3,5 -4,0
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
EUGDP growth rates 2010
(compared with the same period of the previous year)
5,6 -1,9 -2,0 -0,1 -0,3 -0,4 0,0 0,2 1,5 1,5 1,4 1,4 1,4 1,3 1,3 1,1 1,9 1,8 1,7 2,3 2,3 2,3 2,7 2,7 2,7 2,0 3,9 4,2 3,7 3,6 4,0 6,0 8,0
Sweden Slovakia Poland Germany Finland Malta Luxembourg Czech Republic Austria Estonia Belgium EU average United Kingdom Netherlands Italy France Slovenia Portugal Lithuania Hungary Denmark Cyprus Bulgaria Spain Latvia Ireland Romania Greece %
Data: Eurostat
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Consumer Price Index in Poland
30,0 annual average XII/XII 25,0
27,8 19,9 21,6
20,0
14,9 11,8 7,3 10,1 5,5 1,9 0,8 3,5 2,1 1,0 2,5 4,2 3,5 2,6 18,5
15,0
13,2
10,0
8,6 9,8 8,5 6,3
5,0
4,4 4,0 3,3 3,5 3,1 0,8 1,7 1,4 0,7
0,0
1995 1996 1997 1998 1999 2000 2001 2002 2003 January-September 2011
consumer prices increased by 4.2%;
2004 2005 2006 2007
transport prices increased in the highest pace, by 7.1%;
2008
2009 2010
at the same time prices of clothing and footwear decreased by 1.4%.
Data: Poland’s CSO
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
EU inflation rate
September 2011 (yoy)
6,0 5,0 4,0 3,0 2,0 1,3 1,5
EU average
2,1 2,3 2,4 2,4 2,5 2,7 2,9 2,9 2,9 3,0 3,0 3,4 3,5 3,5 3,5 3,5 3,6 3,7 3,8 4,0 4,4 4,5 4,7 1,0 5,4 0,0
Data: Eurostat
22 20 18 16 14 12 10 8
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Labour market
–
rate in Poland unemployment
Data: Poland’s CSO
January-September 2011
unemployment rate decreased to 11.8%; average employment (yoy) increased by 3,6% and amounted to 5,531 thous.
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
25,0
EU unemployment
September 2011 %
20,0 15,0
EU average
10,0 5,0 3,9 4,5 4,8 5,8 6,6 6,6 6,7 7,1 7,2 7,5 7,8 7,8 8,0 8,3 9,4 9,9 9,9 11,9 12,5 13,5 14,2 0,0 22,6
Data: Eurostat
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Poland exports
200 180
Data: Poland’s CSO
160 140 120 100 80 60 40 20 0
31,6 36,0 2000 2001 40,9 2002 53,5 2003 exports in value 73,8 2004 89,4 109,6 2005 2006 exports in value 138,8 2007 171,9 2008 136,6 2009 159,8 2010
In the commodity structure of Poland exports the main groups of products were: products of the electromechanical industry (42.8%); products of chemical industry (13.1%); agricultural and food products (11.2%).
According to preliminary data in January-September 2011 Poland exports increased by 13.9% yoy.
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Poland imports
250
Data: Poland’s CSO
200 150 100 50 0
48,9 2000 50,2 2001 55,0 2002 67,9 2003 imports in value 88,2 101,5 125,6 2004 2005 imports in value 2006 164,2 2007 210,5 2008 149,6 2009 178,1 2010
In the commodity structure of Poland imports the main groups of products were: products of the electromechanical industry (37.9%); products of chemical industry (17.4%); mineral products (11.5%).
According to preliminary data in January-September 2011 Poland imports increased by 14.1% yoy.
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Foreign Direct Investments
18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0
10,268 2000 6,357 2001 4,374 2002 4,084 2003 10,173 2004 8,329 2005 15,707 17,222 2006 2007 10,118 9,392 2008 2009 6,736 2010*
In 2009 FDI main foreign investors in Poland was developed countries (68.8%), in witch EU countries (61.5%) At the end of 2010 FDI inward stock accounted to EUR 150.4 bln.
Companies from Germany, Netherlands, and Luxembourg are the biggest foreign investors in Poland * Estimated value
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Poland’s Economy - forecasts for 2011
GDP growth 4.2% Individual consumption increase by 3.3% Gross capital formation increase by 8.0% Exports increase by 10.5% Imports increase by 12.0%
Source: AFD MoE
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Trade relations between Poland and Ireland
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Poland exports to Ireland
exports in value 600 500 400 300 200 100 0 97,0 2000 117,0 2001 132,0 2002 132,0 2003 176,0 2004 233,0 289,0 2005 2006 exports in value 379,0 2007 532,0 2008 371,0 2009 450,0 2010
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Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Main commodities in Polish exports to Ireland
(January-September 2011)
• Mineral fuels, mineral oils and products of their distillation • Boilers, machinery and mechanical appliances • Vehicles other than railway or tramway rolling stock • Meat and edible meat offal • Plastics and articles thereof • Furniture 16.7% 13.1% 9.1% 5.0% 4.2% 4.1%
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Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Poland imports from Ireland
1200 1000 800
imports in value
600 400 200 0
308,0 2000 326,0 341,0 2001 2002 323,0 372,0 450,0 570,0 664,0 2003 2004 2005 imports in value 2006 2007 956,0 712,0 840,0 2008 2009 2010
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Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Main commodities in Polish imports from Ireland
(January-September 2011)
• Pharmaceutical products • Electrical machinery and equipment • Boilers, machinery and mechanical appliances • Perfumery, cosmetic preparations • Optical and medical measuring instruments • Miscellaneous chemical products 17.3% 14.4% 13.9% 13.7% 10.1% 10.0%
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Trade balance between Poland and Ireland
Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
1200 1000 800 600 400 200 0 2000 -200 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -400 -600
Exports Imports Balance
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Trade & Investment Promotion Section Embassy of the Republic of Poland in Dublin
Irish tourists visiting Poland
Thank you for your attention
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Trade & Investment Promotion Section Ministry of Economy Dublin 4 tel. (+353) 1 269 1 370 email [email protected]
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