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Poland is classified by the World Bank as an upper-middle income economy. With a population of over 38 million, and an average GDP per capita of $12,700, the total GDP of the country is equal to $554,5 billion (based on the purchasing power parity concept, 2006 estimate). That makes Poland the fifth-sixth biggest economy in the EU – after Germany, France, UK, Italy, Spain, and very close to the Netherlands.
When comparing current economic developments in Poland to the EU average it is visible that GDP growth in Poland is twice as high, as is the unemployment rate, and inflation is much lower than average.
Poland is experiencing a period of self-sustaining economic growth, with rising output and falling unemployment. GDP growth of over 6%, fuelled mainly by the increase of exports and investment, has been accompanied by acceptable levels of macroeconomic disequilibria. The current account is low, 2.3% of GDP, and has started growing very slowly. Wage growth is still moderate and CPI inflation is below 3%.
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