The Economy of Poland is the largest economy in Central Europe,[12] sixth-largest in the EU[13] and the largest among the ex-communist members of the European Union.[14] Before the late-2000s recession its economy grew a yearly growth rate of over 6.0% .[15]
Poland is ranked 20th worldwide in terms of GDP[16] and classified as high-income economy by World Bank. The largest component of its economy is the service sector. With the economic reform of 1989 the Polish external debt increased from $42.2 billion in 1989[17] to $365.2 billion in 2014[18]
According to the Central Statistical Office of Poland, in 2010 the Polish economic growth rate was 3.9%, which was one of the best results in Europe. In Q1 2014 its economy grew by 3.4% and is expected to grow by 3.4% in 2014, 3.7% in 2015 and 3.9% in 2016.