They may have hot women but their economies suck.
The economy of Poland is the sixth largest economy in the European Union,[15] and the largest among the former Eastern Bloc members of the European Union.[16] Since 1990 Poland has pursued a policy of economic liberalization and its economy was the only one in the EU to avoid a recession through the 2008-2009 economic downturn. Before the late-2000s recession, its economy grew at a yearly rate of over 6.0%.[17]
Poland is ranked 20th worldwide in terms of GDP and classified as high-income economy by World Bank. The largest component of its economy is the service sector (62.3.%), followed by industry (34.2%) and agriculture (3.5%). With the economic reform of 1989 the Polish external debt increased from $42.2 billion in 1989[18][19] to $365.2 billion in 2014. Poland shipped US$198.2 billion worth of goods around the globe in 2015, up by 5.4% since 2011 and down 7.6% from 2014 to 2015. The top Polish exports include machinery, electronic equipment, vehicles, furniture, and plastics.
According to the Central Statistical Office of Poland, in 2010 the Polish economic growth rate was 3.9%, which was one of the best results in Europe. In 2014 its economy grew by 3.3% and in 2015 by 3.6%.[20] Although in 2016 economic growth sharply slowed,[21] government stimulus measures combined with a tighter labour market in late 2016 kick-started new growth.[20]
GDP
Increase467 billion (nominal, 2015)[1]
Increase$1.114 trillion (PPP, 2017 est.)[2]
GDP rank 24th (PPP, 2017 est.)[3]
GDP growth
Increase3.3% (2017)[4]
GDP per capita
Increase$27,700 (PPP, 2016 est.)[5]
GDP by sector
agriculture: 3.5%; industry: 34.2%; services: 62.3% (2012)
Inflation (CPI)
0.7% (CPI, 2014)[6]
Gini coefficient
31.1 (2010)
Labour force
Increase17.92 million (2012)
Labour force by occupation
agriculture: 11.5%; industry: 30.4%; services: 57.8% (2015)
Unemployment 5.4% (Eurostat, January 2017)[7]
Average gross salary
€975.96/$1,320, monthly (2014)[8]
Main industries
machine building, iron and steel, mining coal, chemicals, ship building, food processing, glass
Ease-of-doing-business rank
Increase 24th (DB 2017 Ran
The Czech Republic has developed an advanced social market economy and social policies that support a high-income welfare state.
As of 2016, the Czech GDP per capita at purchasing power parity is $32,622, and $18,020 at nominal value.[11] The Czech Republic is participating in the European Single Market of the European Union and is therefore a part of the economy of the European Union, but uses its own currency, the Czech koruna. Its largest trading partner for both export and import is Germany. As of April 2017, the unemployment rate in the Czech Republic was the lowest in the EU at 3.2%,[5] and the poverty rate is the second lowest of OECD members only behind Denmark.[12] Czech Republic ranks 24th in the Index of Economic Freedom,[13] 31st in the Global Competitiveness Report[14] and 27th in both the Global Innovation Index[15] and the ease of doing business index.
The principal industries are engineering and machine-building, steel production, metalworking, transportation equipment, electronics, glass, ceramics, brewing, chemical production and pharmaceuticals. Its main agricultural products are cereals (wheat), vegetable oils and hops. The industry sector accounts for 37.5% of the economy, while services for 60% and agriculture for 2.9%.
