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WEEKLY COUNTRY PROFILE: Poland

  • Poland flag

    Poland is the 8th largest economy in European Union.  In 2013, Poland’s GDP grew 1.6%.  The World Band expects Poland’s GDP to grow by 2.8 percent in 2014.  In 2015, Poland’s economic growth is expected to accelerate to 3.3 percent and reach 4 percent in 2016.  Poland was the “top global improver” in the World Bank’s “Doing Business 2013” report, where it ranked #55.  Poland enhanced the ease of doing business by making it easier to register property, pay taxes, enforce contracts and resolve insolvency.

    There are more than 300 American firms with operations in Poland.  American businesses are active across a wide spectrum of industries with the greatest concentration in information technology and support services, aviation, motor vehicle manufacturing, and consumer goods and services.  According to National Bank of Poland data, U.S. firms accounted for almost $10 billion of the cumulative total of Polish FDI, estimated at $200 billion, as of the end of 2011.

  • In 2012, the United States was Poland’s 14th largest export market.  In 2013, the U.S. imported $4.9 billion dollars in goods from Poland.

     

  • In 2013, the U.S. had exports of $3.9 billion to Poland.

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U.S.-EU Trade Stats

  • Icon for Jobs
    5 million EU jobs were supported by exports to the U.S. in 2008.
  • Icon for Trade
    Transatlantic trade represented 30% of global GDP in 2012.
  • Icon for Agriculture
    U.S. exported $9.9 billion in agricultural products to the EU in 2012.
  • Icon for Investments
    62% of U.S. Foreign Direct Investment comes directly from the EU.
  • Icon for Pharmaceuticals
    Pharmaceuticals accounted for 10% of U.S. imports from the EU in 2012.
  • Icon for Investments
    U.S.-EU investments in each others’ economies reached $3.7 trillion in 2011.