Poland Labor Market & Booming Economy

July 16, 2020 0 Comments

Poland, officially the Republic of Poland, is a country located in Central Europe. It is divided into 16 administrative subdivisions, covering an area of 312,696 square kilometers, and has a largely temperate seasonal climate.

Poland is bordered by the Baltic Sea, Russia’s Kaliningrad Oblast and Lithuania to the north, Belarus and Ukraine to the east, Slovakia and the Czech Republic, to the south, and Germany to the west.

Since 1990 Poland has pursued a policy of economic liberalization and its economy was the only one in the EU to avoid a recession through the 2007-2008 economic downturn. With the economic reform of 1989, the Polish external debt increased from $42.2 billion in 1989 to $365.2 billion in 2014.

 In all, as of 2017, the Polish economy has been growing steadily for the past 26 years, a record high in the EU. Such growth has been exponential, with GDP per capita at purchasing power parity growing on average by 6% p.a. over the last 20 years, the most impressive performance in Central Europe resulting in the country doubling its GDP since 1990.

Poland, which remains the main direction of Ukrainian foreigners, continues to demonstrate one of the highest wage growth rates in the EU. So, according to the main statistics department of Poland, at the end of 2018, the average monthly salary came very close to the mark of 1,150 euros.

In general, in 2018, Poles’ incomes grew by 7.7%, which is one of the best indicators in the EU countries.

According to published data, the upward trend in average wages in Poland remains stable:

  • I quarter 2018 – 4 731.35 zł (1092 euros)
  • Quarter II 2018 – 4 817.18 zł (1112 euros)
  • Quarter III 2018 – 4,891.11 zł (1129 euros)
  • Quarter 4 2018 – 4 969.98 zł (1147 euros)

As noted by the Polish Minister of Entrepreneurship and Technology, Jadwiga Emilevich, wage growth is the result of stable growth of the economy, which in 2018 grew by more than 5%.

According to the Polish Statistical Office, the highest wages are in the Mazovian Voivodeship (the main city is Warsaw) – an average of 5,412 zlotys per month. Next, in terms of wages, there is Lower Silesian Voivodeship (Wroclaw) – 4,607 zlotys, and Pomeranian Voivodeship (Gdansk) – 4,544 zlotys.

The lowest average wages are in the Warmia-Mazury region (Olsztyn) – 3804 zlotys, and also in the Subcarpathian province (Rzeszów) – 3858 zlotys.

Leave a Comment

Your email address will not be published.