Economic recovery rebounds amid reopening

BB2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in July 2021.

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GDP
USD594.2bn (World ranking 20, World Bank 2020)
Population
38.0mn (World ranking 39, World Bank 2020)
Form of state
Parliamentary Republic
Head of government Mateusz MORAWIECKI (Prime Minister)
Next elections 2023, legislative
  • EU membership
  • Diversified sectoral external trade structure
  • Robust domestic demand
  • Banking sector resilient overall
  • Solid track record of moderate inflation
  • Strong business environment overall
  • Political and policy uncertainties
  • Slow structural reform progress
  • Pro-cyclical fiscal stimulus in recent years
  • Non-diversified regional external trade structure
  • High external debt burden

Trade structure by destination/origin

(% of total, annual 2020)

Exports Rank Imports
Germany 28.9%
1
21.9% Germany
Czech Republic 5.9%
2
14.4% China
United Kingdom 5.7%
3
5.0% Italy
France 5.6%
4
4.5% Russia
Netherlands 4.2%
5
3.9% Netherlands

Trade structure by product

(% of total, annual 2020)

Exports Rank Imports
Road vehicles 9.7%
1
8.7% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 9.0%
2
8.1% Road vehicles
Miscellaneous manufactured articles, n.e.s. 5.9%
3
4.9% Other industrial machinery and parts
Furniture and parts thereof 5.1%
4
4.5% Miscellaneous manufactured articles, n.e.s.
Manufactures of metal, n.e.s. 5.0%
5
4.4% Office machines and automatic data processing machines
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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