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Poland's economic performance

Poland's resurgence during the 1990s has been a well-kept secret. It has attracted considerable foreign direct investment, which propelled its rapid economic growth and gave it the ability to weather the 1998 global financial crisis. These successes were the focus of a McKinsey Global Institute study in 2000.

The country's per capita GDP has surged by 14 per cent since 1989 and is now nearly 50 per cent higher than Russia's. Unemployment has fallen to ten per cent, from 16 per cent in 1993, and new jobs have been created at the rate of one per cent a year since 1994. As long as the country's manufacturing productivity continues to move in the right direction, there is reason to be optimistic about Poland's prospects for continued economic success, the long-term improvement of living standards and the achievement of social stability.

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Extracted from the McKinsey Quarterly, 2000 Number 4 Asia

The McKinsey Quarterly, a journal in print and online from McKinsey & Company, featuring the latest thinking on business and stratefy, finance and management

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