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@Poland:Economy

Economy - overview: Poland today stands out as one of the most
successful and open transition economies. The privatization of small
and medium state-owned companies and a liberal law on establishing new
firms marked the rapid development of a private sector now responsible
for 70% of economic activity. In contrast to the vibrant expansion of
private non-farm activity, the large agriculture component remains
handicapped by structural problems, surplus labor, inefficient small
farms, and lack of investment. The government's determination to enter
the EU as soon as possible affects most aspects of its economic
policies. Improving Poland's worsening current account deficit and
tightening monetary policy, now focused on inflation targeting, also
are priorities. Warsaw continues to hold the budget deficit to around
2% of GDP. Structural reforms advanced in pensions, health care, and
public administration in 1999, but resulted in larger than anticipated
fiscal pressures. Further progress on public finance depends mainly on
privatization of Poland's remaining state sector. Restructuring and
privatization of "sensitive sectors" (e.g., coal and steel) has begun,
but work remains to be done. Growth in 2000 should be moderately above
1999.

GDP: purchasing power parity - $276.5 billion (1999 est.)

GDP - real growth rate: 3.8% (1999 est.)

GDP - per capita: purchasing power parity - $7,200 (1999 est.)

GDP - composition by sector:
agriculture: 5%
industry: 35%
services: 60% (1998)

Population below poverty line: 23.8% (1993 est.)

Household income or consumption by percentage share:
lowest 10%: 4%
highest 10%: 22.1% (1992)

Inflation rate (consumer prices): 8.4% (1999 est.)

Labor force: 15.3 million (1998 est.)

Labor force - by occupation: industry 25%, agriculture 25%, services
50% (1999 est.)

Unemployment rate: 11% (1999 est.)

Budget:
revenues: $31.6 billion
expenditures: $34.8 billion, including capital expenditures of $NA
(1999 est.)

Industries: machine building, iron and steel, coal mining, chemicals,
shipbuilding, food processing, glass, beverages, textiles

Industrial production growth rate: 4.5% (1999 est.)

Electricity - production: 134.879 billion kWh (1998)

Electricity - production by source:
fossil fuel: 96.47%
hydro: 3.18%
nuclear: 0%
other: 0.35% (1998)

Electricity - consumption: 121.938 billion kWh (1998)

Electricity - exp