Poland has steadfastly pursued a policy of liberalizing the economy and today stands out as one of the most successful and open transition economies. GDP growth has been strong and steady since 1992 - the best performance in the region. The privatization of small and medium state-owned companies and a liberal law on establishing new firms has allowed for the rapid development of a vibrant private sector. In contrast, Poland's large agricultural sector remains handicapped by structural problems, surplus labor, inefficient small farms, and lack of investment. Restructuring and privatization of "sensitive sectors" (e.g., coal, steel, railroads, and energy) has begun. Structural reforms in health care, education, the pension system, and state administration have resulted in larger than expected fiscal pressures. Further progress in public finance depends mainly on privatization of Poland's remaining state sector. The government's determination to enter the EU as soon as possible affects most aspects of its economic policies. Improving Poland's outsized current account deficit and reining in inflation are priorities. Warsaw leads the region in foreign investment and needs a continued large inflow.
Industry:
machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles
Ethnicgroups:
Polish 97.6%, German 1.3%, Ukrainian 0.6%, Byelorussian 0.5% (1990 est.)
Vaccination requirements:
No vaccination requirements for any international traveller.
