Page 33 - Turkinsurance Digital Magazine

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Poland

Covering an area of 312.679 square kilometers, Poland is the ninth largest country
in Europe and 69th largest in the world. With a population of over 38 million people,
Poland is the 33rd most populous country in the world. The country became a member

of the European Union in 2004, and grows through export increase while continuously
developing thanks to its industry and underground resources.

Located in Central Europe, to the east of Germany; Poland cov-
ers an area of 312 thousand square kilometers, approximately GDP per capita stands at 29,500 USD
two times larger than Georgia. The country is bordered by Be-
larus, Czech Republic, Germany, Slovakia, Ukraine, Lithuania, Structural reforms in health care, education, the pension system,
and Russia. Winters in Poland are moderate, and summers gen- and state administration have resulted in larger-than-expected
erally witness heavy rains. The lands are mostly planes, turning fiscal pressures on Polish economy. Poland has a population of
into mountains along the southern border. Majority of the popu- 38 million 476 thousand 269 people, with a labor force of 17.6
lation live in Warsaw, southern Krakow, and Lodz. The country million. Unemployment rate stands at 4.8 percent. With an over-
is threatened by floods, and several environmental disasters such all GDP of 1.121 trillion USD; GDP per capita is 29,500 USD.
as water and air pollution.
Real growth ratio of the gross domestic product currently stands
at 4.6 percent. Over 60 percent of the population live in urban
48 percent of the lands in Poland are agricultural areas and 30 areas. Average life expectancy is 77.8 years. Literacy rate of the
percent are covered in forests. Although nearly half of its lands population older than 15 is 99.8 percent.
are cultivable, agricultural sector cannot develop due to infertile
small pieces of land and lack of investment. Poland mostly pro-
duces potatoes, fruits, vegetables, rye, wheat, barley and eggs; in Export supports Poland’s growth
addition to pig and cattle breeding activities. Poland has many
dairy farms and poultry farming is also highly important. Volume of Poland’s imports is 221.8 billion USD; compared to
a volume of 221.4 billion USD in exports. Machinery and ship-
A rich country in terms of underground ping equipment account for 37.8 percent of the export goods;
resources
Macroeconomic indicators
As a country with abundant underground resources, Poland mines Capital Warsaw
hard coal in the Upper and Lower Silesia region. The country Population 38.476.269
enjoys sulfur deposits in the southeast, as well as zinc, lead, sil-
ver and amber deposits in Katowice. Moreover, lignite, rock-salt, Labor force 17.60 million
natural gas and copper are other major resources of the country. Unemployment rate 4.8%
Importing its oil and iron requirements from other countries, Po- GDP (PPP) $1.121 trillion
land is a developed industrialized country; manufacturing iron
and steel, machinery, transportation vehicles, chemicals, cotton GDP real growth rate 4.6%
weaving, and electrical home appliances. The softwood lumber GDP per capita $29.500
coming from its forests are exported to other countries, while
fishery makes a significant contribution to the economy. Poland Imports $221.8 billions
also has shipbuilding and repairing facilities in Gdansk. Exports $221.4 billions

Source: CIA