Poland+Economics


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Poland Economics Currency Zloty (Zlotych is Plural) Exchange Rate: zloty (PLN) per US dollar - 2.92 (2010), 3.1 (2009), 2.3 (2008), 2.81 (2007), 3.1032 (2006), 3.2355 (2005)









Gross Domestic Product (GDP) $688.3 billion (2009 est.) (note: data is based on 2009 US dollars)

Average Income (Gross Monthly Pay) 3403.07 PLN (1202 US Dollars) December 2009

Income Category Upper Middle Income

Unemployment Rate 9.4% (August 2010 est.) (Wikipedia)

Agriculture- Products potatoes, fruits, vegetables, wheat; poultry, eggs, pork, dairy

Industries machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles

Impact of economy on people Poland's economy is continuing to make a lot of progress. There are still a few problems dealing with inflation and agriculture. The government has been trying to reform areas like health care, education, the pension system, and state administration. This has led to a lot of pressure regarding funding. Coming up with solutions to these problems is the number one priority for the Polish government at this stage. Many countries face these problems. The economy, overall, has a good impact on the people. The unemployment rate is a little high, but it has been slightly decreasing. The service sector is the largest component of Poland's economy and this sector provides a lot of jobs (53.4% of labor force (2005)). The average monthly income is not overly abundant, but it does allow for families to get what they absolutely need in order to make it day by day. (Wikipedia)

All above information came from CIA World Factbook, unless otherwise cited.

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 Created by: Whitney Davis- wldavis@ilstu.edu  Created: 11/29/2010 Last Modified: 12/14/2010  © 2010 Illinois State University