Poland Industry Sectors

By: EconomyWatch Content   Date: 30 March 2010

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With a substantial contribution of 28.1% by Poland industry sectors, the Poland economy reported a GDP (purchase power parity) of $256.3 billion in 2009. Though, the rough economic scenario of recession marred the growth rate, Poland was the only European country that registered a positive growth in 2009. Poland’s industry sector has proven to be the strength of the country’s economy.

Poland Industry Sectors: An Overview

Poland industry sector employs almost 29% of the Polish labor force.

 

The various verticals within the Poland industry sector are:

  • Machine building

  • Iron and steel

  • Coal mining

  • Chemicals

  • Shipbuilding

  • Food processing

  • Glass

  • Beverages

  • Textiles

 

The chemical manufacturing sector is the largest industry in Poland in terms of revenues. Poland also has a strong presence in the manufacturing of televisions. Over the past five years, Poland has produced from 25 to 35% of TV sets in Europe. The country’s industrial production growth rate was -8% in 2009.

 

Year

Industrial production Growth Rate
2003
30%
2004
8.60%
2005
10.00%
2006
3.70%
2007
10.20%
2008
8.90%
2009
4.80%

 

 

Poland Industry Sectors: Labor  

Poland has a highly educated workforce, especially in math and science. It also has one of the largest labor forces in Eastern Europe, at 16.99 million. Moreover, wages in Poland are low compared to those in Western Europe. The average wage as of the first quarter of 2008 was around $16,000 annually, as compared to roughly $40,000 in Germany.

 

The unemployment rate in the country stands at 11% in 2009, which is higher than that of 2008 when the rate stood at 9.8%. Since Poland joined the European Union (EU) in 2004, countless workers left to work in other EU countries, especially Ireland and the UK. The reason was high unemployment, which was the second-highest in the EU (14.2% in May 2006).However, the exodus of Polish workers seems to have ended as salaries are growing rapidly and the country’s economy is booming. The Polish currency is strengthening and unemployment is declining quickly.

  


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