Poland – seventh biggest economy in EU

[Jaga]

Eurostat forecasts Poland’s annual GDP will soon be bigger than Sweden’s or Belgium’s, making it the seventh largest economy in the EU.



Ten years ago Poland was in eleventh place on the list in terms of the value of goods and services produced annually and worth 365 billion euros. One year later Poland’s economy was bigger than Denmark and in 2006 bigger than the Netherlands. Now Sweden and Belgium are being outdistanced.



Sweden and Belgium, however, have four times less the number of citizens than Poland. Spain – with a similar sized population – has a three times bigger economy.



“We are a developed economy, but still rather poor,” comments Witold Or³owski, chief economist at PricewaterhouseCoopers, quoted in Dziennik.



Germany is still the biggest economy in the EU and is seven times bigger than Poland’s. (dw/pg)

www.polskieradio.pl/thenews/news/artykul108204_poland___seventh_biggest_economy_in_eu_.html

[Eric]

It's a paradox... Poland's GDP is larger than so many other countries', yet Polish salaries... still don't quite match.

[karl]

Jaga

Of a comment in response. Poland should and needs be, provided this status of as a rising economy. For Poland is a very modern Industrial country. For of maintaining as a player out side of the past and present risks in international trade, has in self, isolated it from the risk of failure.

Rather as of good or bad, is to the beholder to say..

But, I do sincerely believe it is not fair to compare the economy of Poland against that of Germany. For it is just not a fair comparision..

For as of the requirement of our industry is of production and export. For this is our life blood. If we do not export, our industry will die on the vine, and as so, will us...

For as of the above, it is a mistake to compare in-only of GDP. For this is the mistake of the bean counters or as common known, Accountants sheet of profit or loss with only the numbers as stand alone, with out the cost liability relationship comparison.

For the out put of a factory will be computed as profit. But, then if factored in with operations cost of materials purchased, cost of labour, cost sheet of trans-shipping to location of receiving with associated storage with inventory cost, and all that is associated with the long line from final inspection to the hands of the customer. All, deducted from the out of factory assembly point to consumer. What is left, is actual profit. Then we pay our taxes and what then is left, we look at with a magnification glass, and wunder, what are we doing this for??

And on top of this, we export entire facturies to foreign countries and pay, and pay, and pay....

Yes, of the above, Poland is smart, stay small, risk little, let others take the risk of failure. For in the end, we will be still as we are, smart...

Karl

[cfn]

I would encourage Poles to keep on the path of free markets. The foundation determines the formation and elevation. Develop, if I can use the word in this context, the Individual. As the individual grows the nation grows. Socialism believes in the liberation of the masses. Any right-thinking person, you would think, knows that led to enslavement. True freedom is when the Individual is free. One of your own, a defector in the 80's, wrote a book that has been a foundational maxim for me in my beliefs about politics. Its title encapsulated the truth! "The Liberation of ONE!!!!!"

[cfn]

I am happy for Poland in that they seem to have been looked upon with favor in the following regard: They are one of the only nations I know of who have been able to switch to a free-market economy without a huge chaos. When people are used to another system, it is almost impossible to switch...that is why, thank God, I think it is miraculous that you have been spared. Maybe God is making up to Poland, though He loves all of us, for the terrible times that have oft befallen you? You know, once a people is used to getting 'free' this or that, it is almost impossible to switch to another system without chaos. Please accept me if I flee the U.S!