Page 16 - Poland 2017
P. 16

POLAND YOUR PLACE TO INVEST 16//
SINCE 1995 GDP PER CAPITA (PPS) HAS GROWN FROM 42% OF THE EUROPEAN UNION AVERAGE TO 69% BY 2015. IN ORDER TO MAINTAIN THIS HIGH ECONOMIC GROWTH, IT IS CRITICAL TO FOCUS ON INNOVATION.
Improving levels of innovation in Poland are backed by the record high ranking in the Global Innovation Index which is one of the best tools to compare the levels of innovation between economies. In the 2016 edition Poland ranked the 39th out of 128 countries; a significant improvement from the 56th place out of 107 countries in 2007.
The progress of Poland in the Global Innovation Index is backed by the data on the Gross Value Added (GVA) and Employment by sectors. A share of the Information & Communication (ICT) sector in GVA has significantly
increased since 1995 when it stood at 2.7% compared to 4.5% in 2015. A further increase to 5.1% in 2025 is forecast by Oxford Economics. In the same period, employment in the sector rose from 235,000 to 371,000 employees increasing its share in employment from 1.6% to 2.3%. Further increase to 414,000 (2.5%) in 2025 is forecast. It is crucial to notice that labour productivity in the ICT sector rose by 116% between 1996 and 2015; 34 p.p. more than the rest of the economy. The strength of the Polish ICT sector is proved by skyrocketing export of ICT goods which in 2012 was almost ten times larger than in 2000 (OECD data).
GVA AND LABOUR PRODUCTIVITY
500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
1995
Source: Oxford Economics
2000 GVA other
2005 GVA ICT
2010
2015
Labour productivity other
2020
70 60 50 40 30 20 10 0
2025
Labour productivity ICT
EUR million
EUR thousand / employee








































































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