Diplomatic representation from the US: chief of mission: Ambassador
Christopher R. HILL
embassy: Aleje Ujazdowskie 29/31 00-054, Warsaw P1
mailing address: American Embassy Warsaw, US Department of State, Washington, DC 20521-5010 (pouch)
telephone: [48] (22) 628-30-41
FAX: [48] (22) 628-82-98
consulate(s) general: Krakow
Flag description: two equal horizontal bands of white (top) and red; similar to the flags of Indonesia and Monaco which are red (top) and white
Poland Economy
Economy - overview: Poland has steadfastly pursued a policy of liberalizing the economy and today stands out as one of the most successful and open transition economies. GDP growth has been strong and steady since 1992 - the best performance in the region. The privatization of small and medium state-owned companies and a liberal law on establishing new firms has allowed for the rapid development of a vibrant private sector. In contrast, Poland's large agricultural sector remains handicapped by structural problems, surplus labor, inefficient small farms, and lack of investment. Restructuring and privatization of "sensitive sectors" (e.g., coal, steel, railroads, and energy) has begun. Structural reforms in health care, education, the pension system, and state administration have resulted in larger than expected fiscal pressures. Further progress in public finance depends mainly on privatization of Poland's remaining state sector. The government's determination to enter the EU as soon as possible affects most aspects of its economic policies. Improving Poland's outsized current account deficit and reining in inflation are priorities. Warsaw leads the region in foreign investment and needs a continued large inflow.
GDP: purchasing power parity - $327.5 billion (2000 est.)