The Polish economy has grown quickly and steadily over the last few years. The country offers the largest internal market of all EU member states in the CEE region. Geographically, it stretches from the southern mountains, through coal-producing regions and rich central farmlands, to several of the busiest ports on the Baltic Sea coast. Poland’s location at the heart of the continent and at the EU’s border at the same time, means that major trade routes between Europe and Asia intersect within its territory.
Today Poland has one of the lowest unemployment rates in the EU. According to Eurostat data, in 2022 unemployment fell by 0.5% pp and reached 2.9% in comparison with 3.4% in 2021. It is much less than 6.8% in the Eurozone. The country is also recognised for its highly skilled and well-educated workforce.
In 2022, Poland exported goods worth EUR 343.8 billion. The value of imported goods was EUR 363.7 billion, giving a negative balance of EUR 19.9 billion. Compared to the previous year, the value of exported goods increased by 19.3% and imported goods by 25.6%. Most of the trade is carried out between Poland and other EU countries: 75.6% of exports and 51.3% of imports in value terms. The goods that accounted for the largest share of both exports and imports were machinery, equipment, and means of transport.
The report contains key information relevant to potential foreign investors. Individual sections describe the current economic and demographic situation, legal and tax issues, the M&A market and different geographical regions of Poland.
