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Poland's high-income economy is considered to be one of the healthiest of the post-Communist countries and is one of the fastest growing within the EU. Having a strong domestic market, low private debt, flexible currency, and not being dependent on a single export sector, Poland is the only European economy to have avoided the late-2000s recession. Since the fall of the communist government, Poland has pursued a policy of liberalising the economy. It is an example of the transition from a centrally planned economy to a primarily market-based economy. In 2009 Poland had the highest GDP growth in the EU.


The privatization of small and medium state-owned companies and a liberal law on establishing new firms have allowed the development of the private sector. As a consequence, consumer rights organizations have also appeared. Restructuring and privatisation of "sensitive sectors" such as coal, steel, rail transport and energy has been continuing since 1990.

The Polish banking sector one of the largest in the world with 32.3 bank branches per 100,000 adults. The banking sector is the largest and most developed sector of the country's financial markets. Poland has a large number of private farms in its agricultural sector, with the potential to become a leading producer of food in the European Union. Structural reforms in health care, education, the pension system, and state administration have resulted in larger-than-expected fiscal pressures. Warsaw leads Central Europe in foreign investment. GDP growth had been strong and steady from 1993 to 2000 with only a short slowdown from 2001 to 2002.

Since the United Kingdom, Ireland and some other European countries opened their job markets for Poles, many workers, especially from rural regions, have left the country to seek a better wages abroad. However, there has been a growth of the salaries, a growing economy, a strong value of Polish currency, and decreasing unemployment (from 14.2% in May 2006 to 6.7% in August 2008).

Poland is recognised as a regional economic power within East-Central Europe, with nearly 40 percent of the 500 biggest companies in the region (by revenues) as well as a high globalisation rate. Poland was the only member of the EU to avoid the recession of the late 2000s, a testament to the Polish economy's stability. Poland is recognised as having an economy with development potential, overtaking the Netherlands in mid-2010 to become Europe's sixth largest economy.


Poland experienced an increase in the number of tourists after joining the European Union. Tourism in Poland contributes to the country's overall economy and makes up a relatively large proportion of the country's service market. Kraków was the former capital and a relic of Poland's Golden Age of Renaissance. It contains the place of coronation of most Polish kings. It was named a European Capital of Culture by the European Union for the year 2000. The city of Wrocław, designated as a European Capital of Culture in 2016, is one of the oldest in Poland. During World War II, Wrocław was fortress (Festung Breslau), and during the Battle of Breslau was heavily damaged. The Poland's capital, Warsaw, the 9th largest city in the EU, went through Old Town reconstruction after its wartime destruction and it offers a variety of attractions included on the UNESCO World Heritage List of 1980. Other cities include Gdańsk, Poznań, Lublin, and Toruń. There is the historic site of the Auschwitz German concentration camp near Oświęcim.

Poland's main tourist offerings are based around city-sightseeing and extra-urban expanses, qualified tourism, agrotourism, mountain hiking and climbing as well as business trips. It is the 17th most visited country in the world by foreign tourists, as ranked by World Tourism Organization (UNWTO) in 2012. Other tourist destinations include Poland's Baltic Sea coast in the north, Masurian Lake District and Białowieża Forest in the east, the southern Karkonosze, Table Mountains, Tatra Mountains, in which has the highest peak of Polish (Rysy) and the famous Orla Perć; Pieniny as well as Bieszczady Mountains in the extreme south-east.

Source: Wikipedia