Foreign investment in Poland surges in 2023

By Grzegorz Adamczyk
2 Min Read

Poland’s foreign investment inflow soared in 2023, hitting around 3.9 percent of the country’s GDP, according to experts from the Polish Economic Institute (PIE). This growth trend is expected to continue through the current year.

The latest issue of PIE’s macroeconomic magazine highlighted Poland’s effectiveness in attracting foreign direct investment (FDI), writing, “Estimates for 2023 suggest the continuation of strong performance.”

Emphasizing data from the National Bank of Poland (NBP) regarding the balance of payments, it was reported that in the first 10 months of 2023, Poland received FDI worth 113 billion zlotys (€26 billion). While data for November and December is still pending, the magazine indicated that maintaining the current trend could result in a total FDI value of around 133 billion zlotys (€30.6 billion) for the year.

“Such a result would mean a foreign investment inflow of about 3.9 percent of the GDP,” PIE experts highlighted.

Referring to data from the United Nations Conference on Trade and Development (UNCTAD), analysts pointed out that between 2020 and 2022, Poland attracted FDI worth approximately 3.7 percent of its GDP. This rate was higher than most countries in the region, such as the Czech Republic (3.5 percent), Romania (3.0 percent) and Slovakia (0.1 percent).

Hungary recorded a higher rate (4.6 percent), primarily due to aggressive efforts to attract Chinese investments in electromobility. Poland’s performance also surpassed many developing countries from other world regions.

The Polish Economic Institute, a public think tank, prepares reports, analyses, and recommendations on key economic and social issues in Poland.

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