Economy of Poland

By | November 25, 2020

Poland is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Poland may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Poland exports around $202.3 billion and imports roughly $207.4 billion. 4.5% of population in the country are unemployed. The total number of unemployed people in Poland is 1,714,717. In Poland, 17.3% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Poland is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 4.9% of GDP. The Gini Index of the country is 34.1. Poland is experiencing good equality. The majority of citizens in Poland fall within a narrow range of income, although some cases may show significant differences. Poland has a Human Development Index (HDI) of 0.834. Poland has a high HDI score.

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