Search

Home

Criteria List

Page Down

Zoom In

Zoom Out

Print

COMPETITIVENESS TRENDS - OVERALL

POLAND
OVERALL PERFORMANCE 04 48 05 48 06 50 07 08 44 52 BASIC FACTS
Capital
2 Land area (km '000)

Rank Warsaw 312.7 (2007) 2.77 (2007) 38.12 (2007) 420.3 (2007) 15,806 (2007) 6.5 (2007) 2.5 (2007) 9.6 (2007) 16.99 (2007) -3.7 (2007) 22 22 34 15 23 48 23 36

Exchange rate (per $) Population (millions) GDP ($ billions)

CHALLENGES IN 2008
Reform and restructure public sector expenditure. Reform national education. Introduce tax reforms. Launch programs for youth employment and job opportunities. EURO 2012 Football European Cup infrastructure programming and construction.
Domestic Economy International Trade International Investment Employment

GDP (PPP) per capita ($) Real GDP growth (%) Consumer Price Inflation (%) Unemployment rate (%) Labor force (millions) Current Account Balance (%) Direct Investment Stocks Inward ($ billions) Flows Inward (% of GDP)

Prices

Public Finance

124.5 (2006) 5.7 (2007)

21 16

Provided by : Warsaw School of Economics

Fiscal Policy

Institutional Framework

COMPETITIVENESS LANDSCAPE
ECONOMIC PERFORMANCE
12 23 35

Business Legislation

Societal Framework

GOVERNMENT EFFICIENCY
Finance

Productivity & Efficiency

BUSINESS EFFICIENCY

INFRASTRUCTURE

Labor Market

Management Practices

Attitudes and Values

25
Basic Infrastructure

29 35 39 49 48 47 45 52 Basic Infrastructure Labor Market Health and Environment Finance Attitudes and Values Scientific Infrastructure Tech. Infrastructure Management Practices Education 40

Tech. Infrastructure

36
Scientific Infrastructure

40

47 44 48 48
Health and Environment

51
Education

Employment

International Investment

Fiscal Policy

Prices

Business Legislation

Societal Framework

PEER GROUP RANKINGS

EUROPE - MIDDLE EAST - AFRICA POPULATION > 20 MILLION

Productivity & Efficiency

Domestic Economy

International Trade

Public Finance

Institutional Framework

04 30

05 30

06 31

07

08 26 33

04

05

06

07

08 18

24

24

25

26

218

IMD WORLD COMPETITIVENESS YEARBOOK 2008

Search

Home

Criteria List

Page Down

Page Up

Zoom In

Zoom Out

Print

COMPETITIVENESS EVOLUTION

POLAND
The criteria below highlight the 15 greatest Improvements and the 15 biggest Declines in the overall performance of the economy. They are determined by the largest percentage changes in the value of each criterion from one year to the next.

IMPROVEMENTS
1.3.03 2.3.07 2.3.09 2.1.09 4.4.04 2.2.12 2.3.15 2.5.04 2.3.11 2.3.14 4.5.15 2.1.02 2.3.12 3.3.13 4.5.19 Direct investment stocks abroad US$ billions Policy direction of the government is consistent (Survey) Adaptability of government policy to changes in the economy is high (Survey) Management of public finances over the next two years is likely to improve (Survey) Health infrastructure meets the needs of society (Survey) Real personal taxes do not discourage people from working or seeking advancement (Survey) Bribing and corruption do not exist (Survey) The risk of political instability is very low (Survey) Political parties do understand today's economic challenges (Survey) Bureaucracy does not hinder business activity (Survey) Economic literacy among the population is generally high (Survey) Government budget surplus/deficit % of GDP Transparency of government policy is satisfactory (Survey) Stock market capitalization % of GDP Knowledge transfer is highly developed between companies and universities (Survey)

WCY 2007 6.28 1.62 1.58 2.57 0.94 1.75 1.40 2.79 1.37 0.89 2.58 -3.79 2.51 30.87 3.23

WCY 2008 16.29 3.74 3.30 5.35 1.91 3.09 2.35 4.62 2.22 1.39 3.83 -2.04 3.65 43.63 4.52

DECLINES
1.5.01 1.2.02 2.3.13 3.2.20 2.4.12 4.1.13 3.2.16 3.2.21 1.3.02 2.4.04 3.2.17 2.4.07 2.4.05 4.4.21 4.4.20 Consumer price inflation Average annual rate Current account balance % of GDP The public service is independent from political interference (Survey) Foreign high-skilled people are attracted to your country's business environment (Survey) Product and service legislation does not deter business activity (Survey) Quality of air transportation encourages business development (Survey) Skilled labor is readily available (Survey) International experience of senior managers is generally significant (Survey) Direct investment flows abroad % of GDP International transactions can be freely negotiated with foreign partners (Survey) Finance skills are readily available (Survey) Investment incentives are attractive to foreign investors (Survey) Foreign investors are free to acquire control in domestic companies (Survey) Environmental laws and compliance do not hinder the competitiveness of businesses (Survey) Pollution problems do not seriously affect your economy (Survey)

WCY 2007 1.3 -2.68 3.49 5.43 6.29 5.52 4.13 5.05 2.68 6.83 4.63 5.78 6.10 5.05 4.58

WCY 2008 2.5 -3.75 2.52 4.30 5.07 4.45 3.35 4.13 2.22 5.69 3.91 4.91 5.20 4.35 4.04

IMD WORLD COMPETITIVENESS YEARBOOK 2008

219

Search

Home

Criteria List

Page Down

Page Up

Zoom In

Zoom Out

Print

COMPETITIVENESS TRENDS - FACTOR BREAKDOWN

POLAND

ECONOMIC PERFORMANCE
04 05 06 07 08 31 48 Strengths
1.2.19 1.1.14 1.1.13 1.3.06 1.3.07
Terms of trade index Unit value of exports over unit value of imports (2000 = 100) Real GDP Growth per capita Percentage change, based on national currency in constant prices Real GDP Growth Percentage change, based on national currency in constant prices Direct investment flows inward US$ billions Direct investment flows inward Percentage of GDP

Sub-Factor Rankings :
Domestic Economy International Trade International Investment Employment Prices

2008
35 23 25 44 12

46

46

41

9 10 15 15 16

Weaknesses
1.1.18 1.4.06 1.4.07 1.4.02 1.3.04
Resilience of the economy to economic cycles is strong (Survey) Unemployment rate Percentage of labor force Long-term unemployment Percentage of labor force Employment Percentage of population Direct investment stocks abroad Percentage of GDP

51 48 45 45 39

GOVERNMENT EFFICIENCY
04 49 05 47 50 52 06 07 08 49 Sub-Factor Rankings :
Public Finance Fiscal Policy Institutional Framework Business Legislation Societal Framework

2008
36 48 47 48 40

Strengths
2.2.08 2.4.08 2.3.03 2.1.09 2.5.08
Corporate tax rate on profit Maximum tax rate, calculated on profit before tax Government subsidies To private and public companies as a percentage of GDP Interest rate spread Lending rate minus deposit rate Management of public finances over the next two years is likely to improve (Survey) Equal opportunity legislation in your country encourages economic development (Survey)

9 15 26 27 27

Weaknesses
2.4.15 2.2.07 2.4.17 2.2.13 2.3.06
Regulation intensity does not restrain the ability of companies to compete (Survey) Effective personal income tax rate Percentage of an income equal to GDP per capita Creation of firms is supported by legislation (Survey) Real corporate taxes do not discourage entrepreneurial activity (Survey) Exchange rate stability Parity change from national currency to SDR, 2007 / 2005

54 53 52 52 51

220

IMD WORLD COMPETITIVENESS YEARBOOK 2008

Search

Home

Criteria List

Page Up

Zoom In

Zoom Out

Print

COMPETITIVENESS TRENDS - FACTOR BREAKDOWN

POLAND

BUSINESS EFFICIENCY
04 47 05 49 52 52 06 07 08 50 Sub-Factor Rankings :
Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values

2008
51 49 48 47 52

Strengths
3.2.02 3.2.03 3.2.04 3.2.01 3.2.14
Unit labor costs in the manufacturing sector Percentage change Remuneration in services professions Gross annual income including supplements such as bonuses, in US$ Remuneration of management Total base salary plus bonuses and long-term incentives, US$ Compensation levels Estimates: Total hourly compensation for manufacturing workers (wages + supplementary benefits), US$ Female labor force Percentage of total labor force

7 16 18 21 23

Weaknesses
3.2.18 3.1.09 3.5.07 3.2.17 3.5.03
Attracting and retaining talents is a priority in companies (Survey) Large corporations are efficient by international standards (Survey) Corporate values take into account the values of employees (Survey) Finance skills are readily available (Survey) The national culture is open to foreign ideas (Survey)

55 55 55 54 53

INFRASTRUCTURE
04 40 05 06 39 42 07 40 08 37 Sub-Factor Rankings :
Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education

2008
35 39 40 45 29

Strengths
4.3.21 4.5.03 4.1.09 4.5.05 4.2.05
Patent productivity Patents granted to residents / R&D personnel in business ('000s) Pupil-teacher ratio (primary education) Ratio of students to teaching staff Dependency ratio Population under 15 and over 64 years old, divided by active population (15 to 64 years) Secondary school enrollment Percentage of relevant age group receiving full-time education Mobile telephone costs Mobile cellular tariffs - US$ per 1 minute (local)

6 8 9 16 19

Weaknesses
4.4.21 4.2.16 4.2.18 4.1.13 4.2.20
Environmental laws and compliance do not hinder the competitiveness of businesses (Survey) Development and application of technology are supported by the legal environment (Survey) Technological regulation supports business development and innovation (Survey) Quality of air transportation encourages business development (Survey) High-tech exports Percentage of manufactured exports

55 53 53 52 50

IMD WORLD COMPETITIVENESS YEARBOOK 2008

221