Polsyr
21 Sep 2011
Law / How deep is the Gloom in the Poland's Economy [84]
I disagree with the notion that Poland's economy is in any kind of gloom.
Poland's GDP scored a real growth rate of 3.8% in 2010, and GDP per capita grew from $17,800 in 2008 to $18,800 in 2010, both values quoted in 2010 dollars (sources: CIA - The World Fact Book).
Furthermore, Poland's economy is the only one in EU that continued to grow from 2009 to 2010 (source: Wikipedia)
Also, according to IMF's 2011 World Economic Outlook, Poland's GDP (constant prices % change yeah on year) for 2010 is 3.8% and for 2011 is estimated at 3.81% and will not go below 3.6% by 2015. This is better than the following countries:
USA: 2010: 3.03%, 2011: 1.53% (est.) and 2015: 3.43% (est.)
Germany: 2010: 3.56%, 2011: 2.73% (est.) and 2015: 1.3% (est.)
UK: 2010: 1.35%, 2011: 1.14% (est.) and 2015: 2.65% (est.)
Canada: 2010: 3.22%, 2011: 2.08% (est.) and 2015: 2.39% (est.)
Czech: 2010: 2.35%, 2011: 1.18% (est.) and 2015: 3.19% (est.)
You cannot compare these figures to countries dependant on Oil/Gas (like Persian Gulf countries and Russia) or 3rd world countries with an average per capita income of less than half of that for Poland (such as China and India).
It all depends on which data you look at and how you look at it. But even IMF can be (and has been) wrong.
I disagree with the notion that Poland's economy is in any kind of gloom.
Poland's GDP scored a real growth rate of 3.8% in 2010, and GDP per capita grew from $17,800 in 2008 to $18,800 in 2010, both values quoted in 2010 dollars (sources: CIA - The World Fact Book).
Furthermore, Poland's economy is the only one in EU that continued to grow from 2009 to 2010 (source: Wikipedia)
Also, according to IMF's 2011 World Economic Outlook, Poland's GDP (constant prices % change yeah on year) for 2010 is 3.8% and for 2011 is estimated at 3.81% and will not go below 3.6% by 2015. This is better than the following countries:
USA: 2010: 3.03%, 2011: 1.53% (est.) and 2015: 3.43% (est.)
Germany: 2010: 3.56%, 2011: 2.73% (est.) and 2015: 1.3% (est.)
UK: 2010: 1.35%, 2011: 1.14% (est.) and 2015: 2.65% (est.)
Canada: 2010: 3.22%, 2011: 2.08% (est.) and 2015: 2.39% (est.)
Czech: 2010: 2.35%, 2011: 1.18% (est.) and 2015: 3.19% (est.)
You cannot compare these figures to countries dependant on Oil/Gas (like Persian Gulf countries and Russia) or 3rd world countries with an average per capita income of less than half of that for Poland (such as China and India).
It all depends on which data you look at and how you look at it. But even IMF can be (and has been) wrong.