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Finance of Poland

The minimum monthly wage in Poland is 571 USD. Poland has a government debt of 57.2% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Poland is 1%. The currency of Poland is Polish zloty. There are several plural forms of the name 'Polish zloty'. These are zloty, zlotys, zlote, zlotych, zloties. The symbol used for this currency is zł, and it is abbreviated as PLN. The Polish zloty is divided into grosz; there are 100 in one zloty. Each year, consumers spend around $320,196 million. The ratio of consumer spending to GDP in Poland is 0.06%, and the ratio of consumer spending to the world consumer market is 74%. The corporate tax in Poland is set at 19%. Personal income tax ranges from 0% to 32%, depending on your specific situation and income level. VAT in Poland is 23%.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Poland is $959,845 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Poland was last recorded at $25,189,588. PPP in Poland is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Poland is 525,863 billion. Based on this statistic, Poland is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Poland. The Gross Domestic Product (GDP) per capita in Poland was last recorded at $13,800,428. The average citizen in Poland has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Poland averaged 3.2% in 2014. According to this percentage, Poland is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.