Growth industries of Poland

The growth of industries in Poland

When Poland left its communistic era, its economy received the shock of being able to freely raise or lower its prices, as well as all of its semi-state companies overnight losing government funding. But this is the same story for many EU states after the fall of the communist block.
All post-communist countries suffered terrible slumps in Social and Economic standards. Poland’s ability to quickly adapt to the capitalist market style meant they were the first of the post-communist countries to get its GDP back to pre-1989 levels.

In this time, Poland also raised the bar on human rights, such as freedom of the speech, removed censorship from their internet, improved their civil liberties and political rights.
Since the 90’s, Poland has done a lot of growing up. They’ve joined the Visegrad group, and have been part of NATO since 99′. In 2003, the people voted in a referendum to join the EU.

What are Poland’s main industries?

Agriculture

As a producer of food, Poland is ranked 6th in the EU. It’s ranked first in its production of fruits such as cherries, apples, raspberries, and blackcurrants. Much to my Irish colleague’s disbelief, it is also first in the production of potatoes and a leading producer of cereals. Poland is expected to grow its agricultural sector over the next few years as the largest recipient of the Common Agricultural Policy. In total, Poland is set to receive a whopping 32 billion.

Automotive

Poland produced over 677,000 cars in 2016. That’s 3.2% more than in 2015.
“Car production in Poland concentrates in two industrial hubs: Upper Silesia (Fiat and Opel facilities) and the Greater Poland region (Volkswagen).” Taken from “Doing business in Poland” by Ernst and Young. In the past two years, two new facilities have been opened. On the whole, Polish vehicle output will grow by a further 6% by the end of 2018.

Other Industries that are still growing in Poland

Poland is one of Europe’s largest manufactures, with business services, ICT, infrastructure, defense and aerospace, mining, power, and utilities all growing strong.

It is expected by 2025, that Poland will be one of Europe’s main food suppliers, become a central Pharma Hub, and grow to become the third largest process manufacturer. Poland’s economy is set for a big boom over the next few years. If you’d like to make the most of it, why not get in touch with us 🙂

We’d like to thank  “Doing business in Poland” by Ernst and Young  and Poland 2025 by McKinsey and Co for their fantastic reports on the Polish economy.