Poland

Jeremy Lenander 1st hour

Overall score: 68.6 world rank: 42

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.