Page 16 Poland - Your Place To Invest
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POLAND YOUR PLACE TO INVEST
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SINCE 1995 GDP PER CAPITA (PPS) HAS GROWN FROM 42% OF THE EUROPEAN UNION
AVERAGE TO 69% BY 2016. 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 A further increase to 5.2% in 2025 is forecast by Oxford
record high ranking in the Global Innovation Index which Economics. In the same period, employment in the sector
is one of the best tools to compare the levels of innovation rose from 235,000 to 362,000 employees increasing its share
between economies. In the 2017 edition Poland ranked the in employment from 1.6% to 2.3%. Further increase
38th out of 127 countries; a significant improvement from to 392,000 (2.4%) in 2025 is forecast. It is crucial to notice
the 56th place out of 107 countries in 2007. The progress that labour productivity in the ICT sector rose by 141%
of Poland in the Global Innovation Index is backed by the between 1996 and 2016; 55 p.p. more than the rest of the
data on the Gross Value Added (GVA) and Employment economy. The strength of the Polish ICT sector is proved
by sectors. A share of the Information & Communication by skyrocketing export of ICT goods which in 2012 was
Technologies (ICT) sector in GVA has significantly increased almost ten times larger than in 2000 (OECD data).
since 1995 when it stood at 2.7% compared to 4.7% in 2016.









GVA AND LABOUR PRODUCTIVITY







500,000 70

450,000 60
400,000 50

EUR million 350,000 40 EUR thousand / employee

300,000
30
250,000 20

200,000 10
150,000 0
1995 2000 2005 2010 2015 2020 2025


Labour productivity
GVA other GVA ICT Labour productivity ICT
other


Source: Oxford Economics
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