Flag of Poland>

Economy and Banking Sector of Poland

Poland
Location
Central Europe
EU Status
member since 2004

Poland is a Central European country, a member of the European Union since 2004. Poland is a developed high-income economy, one of the most stable and prosperous of the post-Communist countries.

Currency
PLN (Polish złoty)
Population  (2017)
37 972 964  (0.00%)
Nominal GDP (2017)
465.7 bln EUR  (+0.09%)
Credit Ratings (as of May 2018)
A-/A2

Poland is a regional economic leader of East-Central Europe, which successfully made its transition from a centrally planned to a primarily market-based economy. Poland has strong domestic market, low private debt, and flexible currency. Main industries of Polish economy are machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles.

Poland signed 86 double taxation agreements.
Poland signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.
Poland has FATCA agreement with the U.S. in effect since 07 October 2014 (Intergovernmental Agreement Model 1).

Number of Banks
652
Consolidated Banking Assets (2016)
387.52 bln EUR  (+2.97%)
Deposit Guarantee
100 000 EUR

Polish banking sector is dominated by foreign-controlled banks, with the presence of domestic commercial banks; there are also two domestic cooperative banking groups operating in Poland.

See Also