Steadfast Friend and Reliable Ally of the USA
The Polish Chamber of Commerce USA can help you identify potential partners and sources of product supply in Poland. We work closely with the Polish Investment and Trade Agency to facilitate a productive search for new supply chain and outsourcing options in Poland.
Poland has a vibrant economy, which has grown consistently and steadily in the last decade.
Poland is a member of the European Union and NATO, and welcomes foreign direct investment. EU Commercial Law and IP protections apply and are robustly enforced.
Per the World Bank, Poland’s GDP amounted to $594 Billion in 2020 and is the 6th largest as measured by purchasing power in the European Union. After years of consistent growth in the 3 to 4% range, GDP declined by only 2.5% in 2020, compared to a 3.9% decline for Central Europe and the Baltics and a 6.4% decline for the EU as a whole. In 2021, GDP rebounded robustly, growing by 5.7%. The Economist magazine forecasts Polish GDP growth of 4.9% in 2022.
GDP per capita at purchasing power parity has grown by an average of 6% per annum in the last 20 years. For 2022, The Economist projects GDP per capita to reach $19,400 with purchasing power parity at $39,880.
US Foreign Direct Investment in Poland totals some $63 Billion, ranking second among foreign investors and accounting for 11% of FDI. Over 1500 American companies are represented in Poland.
Polish Bilateral Trade with the USA in 2020 totaled $13.5 Billion, of which Polish exports were $8.8 Billion and imports from the USA came to $4.9 Billion.
In 2019, the last year for which World Bank data is available, Polish goods exports amounted to $251.8 Billion and total imports were $246.6 Billion, resulting in a positive trade balance of $5.2 Billion. Top export goods include machinery, electronic equipment, vehicles, furniture, plastics and yachts.
The growing Service sector generated exports valued at $69.9 Billion against Service imports of $43.4 Billion.