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Poland Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
38,476,269 (July 2017 est.)GDP (PPP)
$1.121 trillion (2017 est.)6th largest economy in the EU
GDP growth rate
4.6% (2017 est.)High
GDP (PPP) per capita
$29,500 (2017 est.)Medium
Local currency
Zlotych (PLN)Quite stable currency
Financial stability (Public debt)
51.4% of GDP (2017 est.)Medium but shrinking
Inflation
2% (2017 est.)Medium, healthy rate of inflation recovering from deflation in 2016
Language
PolishCorruption perception index (Source: Transparency International)
36/180Medium level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
23% standard rate 8% and 5% rates apply to basic goods and services
Corporate Tax
19% standard rate 15% for small businesses (turnover up to 1.2M EUR)
Duties
EU rules apply
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