|GDP, current US$ billion||469.5|
|GDP per capita, current US$||12,365|
|School Enrollment, primary (% gross) (2014)||100.6|
|Life Expectancy at Birth, years (2015)||78|
Poland, the largest economy in Central Europe, is in many respects a development success story, as broad-based productivity growth over the past decade has translated into remarkable progress in poverty reduction and shared prosperity.
Despite a successful performance so far, however, a coherent set of policies is needed to respond to long-term challenges and opportunities, including managing one of the most rapidly aging societies in Europe and leveraging technological change.
Poland’s future prospects require that some underlying constraints to shared prosperity and sustainable economic growth be addressed. These include:
First, relatively fast demographic changes lead to increased dependency on a shrinking labor force, which could have impacts on growth. Demographic changes also pose fiscal challenges and place a strain on the health care and pension systems.
Second, the global slowdown in innovation in frontier markets translates into reduced productivity for a country like Poland, which has a high trade exposure to Western Europe.
Third, inclusion is threatened by technological improvements that favor high-skilled, nonroutine tasks, leading to higher inequality as income levels in Poland converge with those of advanced countries.
Finally, increasing urbanization poses challenges to the sustainable management of natural resources, including air quality.
Last Updated: Oct 05, 2017