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32 country profile

GDP - composition, by sector of origin: Age structure in Poland

2,4%

16,97% 14,85% 0-14 years

40,2% 15-24 years
10,13%
57,4% 14,30% 25-54 years
55-64 years

43,75% 65 years and over

agriculture industry services

followed by intermediate products with 23.7 percent, several try sector with a share of 40.2 percent, and agriculture gets the
products and goods with 17.1 percent, and food and livestock smallest share with only 2.4 percent. 43.48 percent of Poland’s
with 7.6 percent. Major export partners of Poland are Germany, population are adults who are between 25 and 54 years old. Sec-
Czech Republic, United Kingdom, France, Italy and the Neth- ond largest segment of the population consists of people older
erlands. Main import items of the country are machinery and than 64, followed by children between 0 and 14 with a share of
shipping equipment, intermediate products, chemicals, minerals, 14.85 percent, people between 55 and 64 with a share of 14.30
fuel, and oils, which mainly come from Germany, China, Russia, percent, and young individuals between 15 and 24 with a share
the Netherlands, Italy, France and Czech Republic. of 10.13 percent.

Majority of the population are 61 insurance companies operate in

between 25 and 54 years old Poland

Country’s total foreign exchange and gold reserves are estimated When we analyze the insurance activities in Poland, we see that
to stand at 115 billion USD for 2017, whereas external debt has there are 61 insurance companies in operation as of 2016. The
reached 362 billion USD. As the sixth largest economy of the market has reached this number for the first time since 2011;
European Union, people in Poland save up to 20 percent of the as there were 59 active companies in 2012 and 58 companies in
gross domestic product. Major sectors of the Polish economy are 2013. The number decreased even further down to 56 in 2014,
machinery production, iron and steel, coal mining, chemicals, increasing back to 57 in 2015.
shipbuilding, food processing, glass, beverages and textile. Ser-
vice sector is the largest part of the economy and accounts for Among the top 5 insurance companies of Poland, PZU ranks
57.4 percent of the gross domestic product, followed by indus- number 1. The company maintains its leadership position in Pol-

Number of insurance companies

2016 61

2015 57

2014 56

2013 58

2012 59

2011 61

Source: www.insuranceeurope.eu