Foreign Direct Investment - Doing Business in Poland

What is the market opportunity in Poland?

Poland is a dynamically developing market with great investment potential and a stable economy. Thanks to a diversified and competitive economy, Poland's GDP growth has remained strong for three decades since 1989, being the only economy in the European Union to avoid recession during the 2008 global financial crisis. However, the impact of COVID-19 pandemic on Polish economy is inevitable and according to the economic estimates published by the European Commission in November 2020, Real GDP is forecast to decline by 3.5%, which makes Poland's recession the smallest among the EU countries. Lifting pandemic-related restrictions, normalisation of business activity in many sectors, the extensive economic package being implemented by the government, as well as recovery in key trading partners, are expected to support a moderate recovery in 2021. According to the World Bank, growth in Poland is expected to reach 3.5% in 2021.

The pandemic has disrupted the existing supply chains and forced companies to revise their strategies. Therefore, one of the main advantages of Poland is its strategic location in the heart of Europe, which is highly favorable from the perspective of logistics and makes it a perfect investment location for companies wishing to export products both to the East and to the West. The Polish Economic Institute estimates that as a result of post-COVID business relocations, Poland may gain the most out of all the EU member states - up to USD 8.3 billion annually.

Poland is the 6th most populous country in the EU (38.3 million) and Polish citizens make up approximately 40% of the population in other Central and Eastern European countries. Investors can benefit from a strong economic relationship with the Eurozone as part of the EU’s common market and get unlimited access to the EU strong consumer market of over 510 million citizens.

Highly qualified personnel with significantly lower employee costs than most other EU countries is undoubtedly one of the biggest assets to Poland. The country is the largest academic hub in the CEE (Central and Eastern European) region and 1st in English Proficiency. Within the large pool of students, as many as 25% choose science, IT and technical majors.

As a result of continuous improvements in Poland’s capital markets infrastructure, supported by the country’s steady economic progress, in 2018 the country joined the group of 25 most developed economies in the world according to the FTSE Russell index.

According to the local trade bureau, Statistics Poland, what is the estimated revenue from FDI business annually?

Poland is among the most attractive countries in Europe in terms of FDI. According to UNCTAD’s 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 bn, in line with the USD 13.9 bn recorded in the previous year.

From the data published by the Statistics Poland, the total export revenue in 2019 was approximately USD 267 billion, while the import revenue in 2019 was USD 265.8 billion. Foreign trade turnover in the period January –November 2020 in exports expressed in USD amounted to 245.7 billion, while imports equaled USD 232.7 billion.

Poland’s main exports are machinery and transport equipment, manufactured goods classified chiefly by material, miscellaneous manufactured articles, agricultural and food products as well as chemical products.

The main imports are machinery and transport equipment, manufactured goods classified chiefly by material, chemicals and related products as well as miscellaneous manufactured articles

Foreign Direct Investment Country Guide - Poland Foreign Direct Investment Country Guide - Poland Foreign Direct Investment Country Guide - Poland

Foreign Direct Investment Country Guide - Poland

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What is the market opportunity in Poland?

Poland is a dynamically developing market with great investment potential and a stable economy. Thanks to a diversified and competitive economy, Poland's GDP growth has remained strong for three decades since 1989, being the only economy in the European Union to avoid recession during the 2008 global financial crisis. However, the impact of COVID-19 pandemic on Polish economy is inevitable and according to the economic estimates published by the European Commission in November 2020, Real GDP is forecast to decline by 3.5%, which makes Poland's recession the smallest among the EU countries. Lifting pandemic-related restrictions, normalisation of business activity in many sectors, the extensive economic package being implemented by the government, as well as recovery in key trading partners, are expected to support a moderate recovery in 2021. According to the World Bank, growth in Poland is expected to reach 3.5% in 2021.

The pandemic has disrupted the existing supply chains and forced companies to revise their strategies. Therefore, one of the main advantages of Poland is its strategic location in the heart of Europe, which is highly favorable from the perspective of logistics and makes it a perfect investment location for companies wishing to export products both to the East and to the West. The Polish Economic Institute estimates that as a result of post-COVID business relocations, Poland may gain the most out of all the EU member states - up to USD 8.3 billion annually.

Poland is the 6th most populous country in the EU (38.3 million) and Polish citizens make up approximately 40% of the population in other Central and Eastern European countries. Investors can benefit from a strong economic relationship with the Eurozone as part of the EU’s common market and get unlimited access to the EU strong consumer market of over 510 million citizens.

Highly qualified personnel with significantly lower employee costs than most other EU countries is undoubtedly one of the biggest assets to Poland. The country is the largest academic hub in the CEE (Central and Eastern European) region and 1st in English Proficiency. Within the large pool of students, as many as 25% choose science, IT and technical majors.

As a result of continuous improvements in Poland’s capital markets infrastructure, supported by the country’s steady economic progress, in 2018 the country joined the group of 25 most developed economies in the world according to the FTSE Russell index.

According to the local trade bureau, Statistics Poland, what is the estimated revenue from FDI business annually?

Poland is among the most attractive countries in Europe in terms of FDI. According to UNCTAD’s 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 bn, in line with the USD 13.9 bn recorded in the previous year.

From the data published by the Statistics Poland, the total export revenue in 2019 was approximately USD 267 billion, while the import revenue in 2019 was USD 265.8 billion. Foreign trade turnover in the period January –November 2020 in exports expressed in USD amounted to 245.7 billion, while imports equaled USD 232.7 billion.

Poland’s main exports are machinery and transport equipment, manufactured goods classified chiefly by material, miscellaneous manufactured articles, agricultural and food products as well as chemical products.

The main imports are machinery and transport equipment, manufactured goods classified chiefly by material, chemicals and related products as well as miscellaneous manufactured articles.

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