Page 33 - Turkinsurance Digital Magazine

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POLAND

Poland, covering an area of 312.685 square kilometers, Poland is Europe’s 9th and
world’s 71st largest country. With a population over 38 million people, it is the 33rd
most populous country in the world. Poland grows with its increasing exports since its

accession to European Union in 2004, and continues to develop thanks to its industry
and underground reserves.

Located in Central Europe and east of Germany, Poland has a sur- 17.6 million people in the labor force
face area of 312 thousand square kilometers, nearly doubling the
size of Georgia. The country neighbors Belarus, Czech Republic, Poland’s health, education and pension system and reforms conduct-
Germany, Slovakia, Ukraine, Lithuania and Russia. Poland has a ed on these systems by the government are known to have brought
largely temperate seasonal climate with mild winters and heavy-rain an unexpectedly heavy burden on the state budget. With a popula-
summers. Poland’s territory largely consists of plans, but is rather tion of 38 million 420 thousand 687 people, Poland has a labor
mountainous on the southern border. Majority of the population re- force of 17.6 million people. Current unemployment rate stands at
sides in the capital Warsaw, south of Krakow and around Lodz. Po- 4.9 percent. Poland has a GDP of 1.126 trillion USD, and GDP per
land is currently threatened by floods and environmental disasters capita equals to 29,600 USD. Real growth rate of Poland’s GDP
such as air and water pollution. is 4.7 percent. Over 60 percent of the population resides in urban
areas. Life expectancy currently stands at 77.9 years. Literacy rate
48 percent of Poland’s lands are cultivable agricultural lands and of people older than 15 is 99.8 percent.
30 percent are covered in forests. Agricultural sector is unable to
develop further due to barren small fields and insufficient invest- 6th biggest economy of the European
ment. Major agricultural products of the country include potatoes,
fruits, vegetables, sugar beet, rye, wheat, and barley. Poland is also Union
a producer of eggs, and a breeder of pigs and cattle; which is a di-
rect results of high number of dairies and poultry houses across the Volume of Poland’s imports stand at 223.8 billion USD, while vol-
country. ume of exports is 224.6 billion USD. 37.8 percent of the exported
goods consist of machinery and transport equipment. 23.7 percent
A country of industry of them are intermediate manufactured goods, 17.1 percent are
miscellaneous manufactured articles, and 7.6 percent are food and
With vast underground reserves, Poland has reserves of coal in Macroeconomic indicators
Upper and Lower Silesia, sulfur in the southeastern region, zinc,
lead, silver and amber in Katowice. The country also enjoys some Capital Warsaw
lignite, rock salt, natural gas and copper reserves. Poland is a de- Population 38.420.687
veloped industrial country which largely imports its petroleum and Labor force 17.60 million
iron requirements. The country manufactures iron & steel, machin-
ery, transport equipment, chemical products, cotton weaving, pa- Unemployment rate 4.9%
per, metal goods, and electronics. Softwood timber from Poland’s GDP (PPP) $1.126 trillion
forests is a good export product, while fishing industry also makes
a huge contribution to its economy. There are shipbuilding and ship GDP real growth rate 4.7%
repairing facilities in Gdansk. GDP per capita $29.600
Imports $223.8 billions
Exports $224.6 billions