Post on 23-Dec-2015
description
transcript
Poland’sPoland’sEconomic PerformanceEconomic Performance
July 15th 2014, Sarajevo
Krystyna Żukowska-EfendićPress, Information and Cultural OfficerEmbassy of the Republic of Poland
Poland – Key FactsPoland – Key Facts
Area: 312 thousand km2 - 6th in European Union, 68th in the world
Population: 38.5 mln - 6th in European Union, 33rd in the world
Currency: Polish Zloty - PLN (EUR 1 ≈ PLN 4.10; US $ ≈ 3.04 PLN)
GDP total: $513.7 billion (nominal, 2013)
GDP per capita PPP: $21,118 (PPP, 2013)(purchasing power parity)
Economic growth (1st quarter 2014): 3.4%
Average gross salary: €975.96
Membership: OECD, WTO, NATO, EU, Schengen Zone
• After the fall of communism successful economic and political transformation. 25 years of freedom
• 15 years of Poland in NATO. • 10 years of Poland in EU.
Stable and growing economy• According to the EUROSTAT estimates for 2013 Poland was one of the
fastest growing countries in the EU.
• GDP growth in Poland is expected accelerate to 2.5% in 2014 and 2.9% in 2015.
• in 2012 Polish consolidated public debt amounted to 55.5% of GDP while for EU28 countries it reached 85.1%.
Competitive AdvantagesCompetitive AdvantagesLocation & economic fundamentals strategic location in continental Europe part of trans-European transportation corridor third fastest growing EU country in 2010 38 million consumers
Labor force young, well-educated work force ca 11% of university students in the EU 455 universities & high education schools language proficiency increasing labour productivity
Investment incentives tax exemptions in 14 Special Economic Zones grants co-financed from the EU (EUR 90 bn)
1000 km radius
250 mln people
2000 km radius
550 mn people
• Corporate Income Tax (CIT) rate 19%
• Personal Income Tax (PIT) rate18% and 32%
• Value added tax (VAT) basic rate: 23%reduced rates: 8%, 5% export rate: 0%
• Social Security Tax paid by employer
between 19.48% and 22.14%
Tax rates Tax rates
34.3 40.3 43.3 47.4 59.6 71.4 87.9 101.8 116.2 98.2 120.4 136.760
70
80
90
100
110
120
130
140
0
20
40
60
80
100
120
140
160
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
exports in value
Data: Poland’s CSO
Polish exportsPolish exports
EU
R b
ln
53.0 56.1 58.2 60.2 71.3 81.2 100.8 120.4 142.5 107.5 134.2 152.60
20
40
60
80
100
120
140
160
180
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
EU
R b
ln
imports in value
Data: Poland’s CSO
Polish importsPolish imports
Special Economic ZonesSpecial Economic ZonesDefinition• a special economic zone (SEZ) is a designated area in
which manufacturing or distribution activities can be conducted on preferential terms
• 14 SEZ in Poland, with several subzonesThe purpose• support regional developmentTotal area• up to 20 000 hectares Time of operation• 31st December 2020Permits to conduct activities in SEZ• issued by the authorities of each SEZ
Benefits from obtaining a permit to conduct activities in SEZ :•eligibility for income tax exemption •plot of land prepared for an investment project•free assistance in dealing with formalities relating to the investment project
Why Poland? SummaryWhy Poland? Summary
Availability of skilled human resources
Economic and political stability
Effective incentives system including EU-Funds
Strategic location