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Essay On Poland

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Poland is known worldwide for its delicious food and pristine green landscape. Today, Poland has the sixth largest economy in the European union. The GDP in poland is 1.051 trillion dollars and has been remained relatively steady since 2010. There is a fairly low unemployment rate at 6.2% in Poland compared to Canada's 6.9%. Positive aspects of their economy include their steady rate of growth for the last 25 years, their efficient use of resources from the European Structural funds and lastly the strong domestic demand for their exports. On the other hand, unfortunately Poland’s economy also suffers from many many negatives. The first negative is their political uncertainty. Poland’s political uncertainty falls mainly on the presidential …show more content…

The main reason for this rise is because of the persistent demand of a policy of economic liberalization throughout the 90’s.

Productive Sector
The automotive industry is one of the biggest means of production in Poland, accounting for 11% of their industrial productions. Before WWII, Poland's industrial sector consisted mostly of coal, textile, chemical, and iron. It now includes items such as fertilizers, petrochemicals, and machine tools. In 2012, the PKN Orlen, located in Poland, was the biggest company in terms of sales in central Europe, providing jobs for over 24,000 people. In poland, there are not many small and medium businesses compared to other countries in the European Union. They have 1.9 businesses for every 1,000 citizens. The role of small and medium businesses is very important in the Polish economy just like it is in every economy, meaning they need new companies to challenge each other thus creating the most efficient economy.

Trade
Poland has a balance of trade (the difference in value between a country's imports and exports) of 2 billion, 100 million dollars. As Poland is included in the European Union, they have a common external tariff that applies for all goods coming from outside of the country. The main import for Poland comes from the US, mostly shipping capital good’s to help with industrial retooling. The major exports of Poland are machinery, more specifically,

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