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
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.