Poland

Poland is a parliamentary republic, located in Central Europe. Parliament consists of two houses: the 460-seat Sejm (the lower house) and the 100-seat Senate (the upper house). The president is elected in a direct ballot and has the right to veto legislation or send it for review to the Constitutional Tribunal. The Sejm needs a three-fifths majority to override a presidential veto. Poland is the 25th largest economy in the world (by GDP PPP), but is ranked only 66th by GDP per capita. Poland’s economy is highly integrated with the European Union, which buys around 79% of Polish merchandise exports. Total external trade volume is 48% of GDP. The central bank, National Bank of Poland (NBP), pursues an inflation-targeting approach to monetary policy and maintains a free floating exchange rate regime. High external debt burden, political and policy uncertainties and non-diversified external trade structure are usually named among key weaknesses of Poland’s economy.

Names and Codes
Country Name Poland
Country code POL
Currency Name Polish zloty
Currency Code PLN
Currency Symbol
Subunit Zł1 = 100 groszy
Key Pair USD/PLN
Forex Quote direct
Central Bank Name National Bank of Poland
Central Bank Abb. NBP
Economy and Trade
GDP (USD billion, 2017) 526
GDP per capita (USD, PPP, 2017) 28910
Real GDP growth (2013-17) 3.3
Inflation (2013-17) 0.3
FDI inflows (% GDP, 2013-17) 2.4
Current account balance (% GDP, 2013-17) -0.9
Trade (% GDP, 2014-16) 48.3
Share in world total exports (%, 2016) 1.27
Monetary Policy and Currency
Exchange rate regime Free floating
Monetary policy Inflation targeting
Price stability 2.50%
Real Interest Rate -1.00
Currency - global turnover (USD billion, 2016) 35
Currency - global share (%, 2016) 0.70
Key Pair - global turnover (USD billion, 2016) 19
Key Pair - global share (%, 2016) 0.40
Ranking - Economy
GDP per capita (USD, PPP, 2017)
Real GDP growth (2013-17)
Current account balance (% GDP, 2013-17)
Trade (% GDP, 2014-16)
Ranking - Currency and Monetary Policy
Currency - global turnover (USD billion, 2016)
Key Pair - global turnover (USD billion, 2016)
Real Interest Rate
Inflation (2013-17)
International Trade
Main Export (%, 2015)
Main Import (%, 2015)