Poland: Main Economic Indicators
|Real economy (change in percent)|
|Unemployment rate (in percent)||16.4||16.0||14.9||13.6||10.5|
|Gross national saving (percent of GDP)||15.5||18.2||21.3||19.4||19.7|
|Gross domestic investment (percent of GDP)||15.6||15.9||18.0||20.4||22.9|
|Public finance (in percent of GDP)|
|General government balance||−2.9||−2.5||−2.3||−2.5||−1.8|
|Money and credit (end of period, percent change)|
|Net domestic assets 1/||21.7||22.5||5.3||19.8||11.7|
|Money and quasi-money||36.0||33.8||39.4||29.2||30.7|
|Lending rate (annual average in percent)||43.2||38.9||32.3||25.6||25.5|
|Balance of payments in convertible currencies|
|Trade balance (in percent of GDP)||−2.7||−0.9||−1.5||−6.1||−8.3|
|Current account (in percent of GDP)|
|Including unrecorded trade||−0.1||2.3||3.3||−1.0||−3.2|
|Gross official reserves (in billions of U.S. dollars)||4.3||6.0||15.0||18.0||20.7|
|Reserve cover (months of imports of GNFS)||3.0||3.6||6.5||6.0||5.9|
|External debt (end of period) 2/|
|(In billions of U.S. dollars)||48.4||42.2||44.0||40.6||38.1|
|External debt service ratio 3/|
|Fund position (in millions of SDRs)|
|Holdings of zloty (end-December 1997)||911.4|
|Holdings of SDRs (end-December 1997)||4.0|
|Exchange rate regime||Crawling band 4/|
|Present rate||Zl 3.46 per US$1 (Wednesday March 18)|
|Depreciation (-) against U.S. dollar|
|(period average, in percent)||−24.9||−20.2||−6.3||−10.1||−17.8|
|Depreciation (-) of real effective exchange rate|
|(relative CPIs, in percent)||7.6||0.9||8.0||8.8||2.4|
In relation to broad money at end of the previous year.
Including arrears and the Fund.
In percent of exports of goods and nonfactor services in convertible currencies, including the Fund.
Since May 16, 1995, the zloty has been allowed to float within a ± 7 percent band around the central rate, which depreciates at a fixed monthly rate (1.0 percent since January 8, 1996) against a basket of currencies.