INVESTING IN POLAND

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Poland
Economics, Culture
and Business
Etiquette.
Presented by
Izabela Adasiewicz
Geography
Border Countries
Germany, Czech Republic, Slovakia,
Ukraine, Belarus, Lithuania, Russia
Climate
With both maritime and continental
elements
January and February temperature = 22F
June to October temperature = 86F
Terrain
Mostly flat, mountains along southern
borders
Natural Resources
Coal, Sulfur, Cooper, Natural gas, Silver,
Lead, Salt, Amber
Economic Situation
1989- Fall of Communism
1992- Poland came out of recession, (transform the centrallycontrolled economy into a market-oriented system)
1995- The Polish currency zloty became fully convertible and has
floated freely since mid-April 2000.
1999- The country became a full NATO member
2004- Poland joined the European Union
(adopted the EU's common external trade policy and
measures)
Economic Profile
GDP (Purchasing Power): $489.3 Billion
GDP (Official exchange rate): $249 Billion
GDP Real Growth Rate: $3.3%
GDP- per capita: $12,700
GDP Consumption by sector: Agriculture: 2.8%
Industry: 31.7%
Services: 65.5%
National Currency: Zloty
Exchange Rate: 1.00 PLN = .314 USD
Economic Profile

Population: 38,158,100

Labor Force: 17.1 Million

Labor Force (By Occupation)
Agriculture: 16.1%
Industry: 29%
Services: 54.9%

Unemployment Rate: 18.3%

Population Below Poverty Line: 17%
Cultural diversity

Ethnic division:
Polish 97 % German 1 % Ukrainian 1 %
Byelorussian 1 %

Languages: Polish

Religions:
Roman Catholic 95 %
Eastern Orthodox, Protestant and other 5 %
Trade Balance
 Total Exports
(billions of US dollars) 345.238
 Total Imports
(billions of US dollars )
362.700
 Trade Balance
(billions of US dollars)
17.462

Export commodities: machinery and transport equipment 37.8%,
intermediate manufactured goods 23.7%, miscellaneous
manufactured goods 17.1%, food and live animals 7.6% (2003)

Trading Partners: Germany 33.4%, Italy 5.8%, France 5%, UK
4.8%, Czech Republic 4.4% (2003)
Accepted Norms and Behaviors
 Shaking hands
 Using titles and surnames
 Topics of conversation
 Small gifts for the host are welcome
 Proper use of utensils
 Longer socializing times
 Dress code
References

www.bizpoland.com/Polish_Exporters_and_Importers

www.countrywatch.com.ezproxy.library.drexel.edu/cw_default.aspx

www.economist.com/countries/Poland/profile

www.fifoost.org/EU/statistik/polen.php

www.indexmundi.com/poland/exports_commodities.html

www.odci.gov/cia/publications/factbook/geos/pl.html

www.poland.pl

www.polishmarket.com/index.php?item=5
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