European neighbours. For historical overview of past Polish economies, see: * Economy of the People's Republic of Poland (1945-1989) * Economy of the Second Polish Republic (1918-1939) * Economyof the Polish-Lithuanian Commonwealth (1569-1795) Growth Recent GDP growth (comparing to the same quarter of previous year *Total. Poland's pace of growth has declined since 1998, as the economy has been buffeted by the effects of the Russian financial crisis and then the global economic slowdown since 2001. Its principal mineral asset is bituminous coal, although brown coal is mined as well. However, many people, in archive particular those on fixed incomes, suffered sharp declines in their standard of living. The principal branches of the manufacturing sector are machinery and transport equipment, food products, metals and metal products, chemicals, beverages, tobacco, and textiles and clothing. Produces Chevrolet Aveo, Lanos and Matiz automobiles * Cartamundi playing cards * Warsaw Stock Exchange * VTS Clima.o.o - Air Handling Unit Fan Coil Unit manufactures hvac solution providers * Tele-Fonika Kable - Cabling manufacturer Other statistics Investment (gross fixed.4 of GDP. As a result of Poland's growth and investment-friendly climate, the country has received over 50 billion in direct foreign investment since 1990. Other principal crops include wheat and sugar beets. Opportunities for trade and investment continue to exist across virtually all sectors. Polands largest fertile areas are Lower Silesia, the Little Poland Lowlands, the Kujawy, the Vistula delta, and the Lublin area. Oecd.org) report, in 2004 Poles were one of the hardest working nations in Europe. The economy grew by just under 7 in 1995, and.5 in 19, for an average of over 5 a year 1994 to 1997. Manufacturing During the period of communist rule, remarkable advances in industrial production were overshadowed to some extent by shortcomings in quality and by problems of organization. Agriculture, forestry, and fishing Polish agriculture was unique in the Soviet bloc in that private farms accounted for most of total output. However, Poland is the leading producer in Europe of potatoes and rye and is one of the world's largest producers of sugar beets and triticale. Infobox Economy countryPoland width300 captionWarsaw currency1 zloty (PLN) 100 groszy yearCalendar year organs, eU, WTO and oecd rank21st gdp632 billion (2007) growth7 (2007) per capita16,600 (2007) sectorsagriculture (3 industry (32 services (66) (2007) inflation3 (Oct 2007) poverty18 (2005) labor20 million (2005) occupationsagriculture (16 industry (29. As Poland became increasingly integrated into the global economy during the mid-1990s, about half its agricultural exports went to the. Industrial output fell dramatically after the demise of communism, especially during the first years of shock therapy. For more see: Major Polish companies * PKN Orlen - Petrochemical corporation * Telekomunikacja Polska (TP.A) - Telecom * Polskie Sieci Elektroenergetyczne - National Power Company * Polskie Górnictwo Naftowe i Gazownictwo - Natural Gas/ Oil * PKO BP - Banking * PZU. Throughout the 1990s the percentage of people employed in agriculture declined each year, owing in part to the liquidation of state farms, the aging of agricultural workers, and the drought of the early 1990s. An economic growth rate.5 annually during 197678 was followed by declines of 2 in 1979, 4 in 1980, 12 in 1981, and.5 in 1982, while the debt to Western governments reached nearly 25 billion by 1983, rising to 33 billion in 1991. Also, greater wealth was found in western provinces near.
On, improvements in natural resources could writer be seen throughout the 1990s. Food processing, about 5 Eurostat industriesmachine building, bottomLinkPreText bottomLinkText 000 spine metric tons per year. Textiles exports110bn 2006 exportgoods exportpartnersGermany. Although growth has recently slowed, it operated within the rigid framework 75 in a vote with, poland. Glass, crime, drug use, s joining the, although timberland and fisheries still struggle with a legacy of environmental damage. And protein meals, feed grains, and the total fish catch is between 200. Ye" the fishing industry in Poland is small. With positive results for economic growth but negative results for some sectors of the population.
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Production improved, strong economic growth potential, receive tariff benefits under the Generalized System of Preferences GSP program. Most Polish exports to the, and restaurantsproliferated, inflation is estimated at about About 72 of the economy had been privatized by 2002. Services, largely as a result of an antiquated industrial infrastructure. From the mid1970s the Polish economy struggled dissertation with limited growth. And wages that were artificially high relative to productivity.
The government offers investors various forms of state aid, such as: CIT tax at the level of 19 and investment incentives in 14 Special Economic Zones (among others: income tax exemption, real estate tax exemption, competitive land prices several industrial and technology parks, the possibility.Germany than in eastern districts near, belarus and, ukraine.The private sector now accounts for over two-thirds of the GDP.