Poland
Jeremy Lenander 1st hour
Population: 38.5 million/ 316.4 million
GDP: 817.5 billion/ 16.3 trillion
GDP growth: 1.6%/ 1.9%
GDP per capita: $21,214/ $51,101
Unemployment: 10.4%/ 7.5%
Inflation: 0.9%/ 1.5%
Foreign direct investment: $-6037.7 million/ $187.5 billion
Legal Systems
The legal system protects rights to acquire and dispose of property, and the judiciary is independent, but the courts are notorious for delays in adjudicating cases. Prosecutors are subject to political pressure.
Competitive markets
EU members have a 1.0 percent average tariff rate. Poland generally treats foreign and domestic investors equally under the law. The financial sector consists mainly of private banks, plus capital markets are expanding.
Limits on government regulation
Poland’s top individual income tax rate is 32 percent, and its top corporate tax rate is 19 percent. Other taxes include a value-added tax and a property tax. Overall tax revenue amounts to 20.1 percent of domestic income. Public expenditures equal 42 percent of domestic production, and public debt is equivalent to 57 percent of gross domestic product.
An efficient capital market
Despite measures to further streamline start-up procedures and facilitate private-sector development, it still takes about a month to launch a business, although the cost of completing licensing requirements is now significantly lower. and they plan to cut renewable energy subsidies by $780 million in 2015 to cut power costs.
Monetary Stability
Relatively stringent labor codes continue to hinder job growth. The government plans to cut renewable energy subsidies by $780 million in 2015 to reduce power costs.
Low Tax Rates
Poland’s top individual income tax rate is 32 percent, and its top corporate tax rate is 19 percent. Other taxes include a value-added tax and a property tax. Overall tax revenue amounts to 20.1 percent of domestic income.
Free Trade
Poland generally treats foreign and domestic investors equally under the law.
extra credit
what i find interesting about this country is they use big bills as currency.