section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  As of 2023, Poland's economy and gross domestic product (GDP) is the sixth largest in the European Union by nominal standards and the fifth largest by purchasing power parity. It is also one of the fastest growing within the Union and reached a developed market status in 2018. The unemployment rate published by Eurostat in 2023 amounted to 2.8%, which was the second-lowest in the EU. As of 2023, around 62% of the employed population works in the service sector, 29% in manufacturing, and 8% in the agricultural sector. Although Poland is a member of the European single market, the country has not adopted the Euro as legal tender and maintains its own currency – the Polish złoty (zł, PLN).
  
  Poland is the regional economic leader in Central Europe, with nearly 40 per cent of the 500 biggest companies in the region (by revenues) as well as a high globalisation rate. The country's largest firms compose the WIG20 and WIG30 indexes, which is traded on the Warsaw Stock Exchange. According to reports made by the National Bank of Poland, the value of Polish foreign direct investments reached almost 300 billion PLN at the end of 2014. The Central Statistical Office estimated that in 2014 there were 1,437 Polish corporations with interests in 3,194 foreign entities.
  
  Poland has the largest banking sector in Central Europe, with 32.3 branches per 100,000 adults. It was the only European economy to have avoided the recession of 2008. The country is the 20th largest exporter of goods and services in the world. Exports of goods and services are valued at approximately 56% of GDP, as of 2020. In 2019, Poland passed a law that would exempt workers under the age of 26 from income tax.