← Emerging Markets
Poland
PL

Poland

Europe · Warsaw · PLN (Polish Zloty)

GDP
$921.81B
nominal, USD
GDP growth
3.2%
real, annual
Inflation
3.7%
annual
Market cap
$796.50B
total listed, USD

Economy & industry overview

Poland is the largest economy in Central and Eastern Europe, with a nominal GDP exceeding 900 billion USD in 2024 and a track record of sustained growth averaging around 3 to 4 percent annually over the past decade. The economy is diversified across manufacturing, financial services, energy, retail, information technology, and agriculture, benefiting from deep integration into European Union supply chains. The Warsaw Stock Exchange is the dominant bourse in the region by market capitalisation and number of listings. Poland has maintained one of the lowest unemployment rates in the EU, with the labour force survey rate hovering near 3 percent. The country completed a successful transition from a centrally planned to a market economy after 1989 and has attracted substantial foreign direct investment over the past three decades.

Key sectors

Financials · Banking and InsuranceEnergy · Oil Refining and GasConsumer Discretionary · Retail and FashionTechnology · Software and E-commerceMaterials · Copper and MiningUtilities · Power GenerationConsumer Staples · Food RetailTelecommunicationsConstruction and InfrastructureHealthcare
Learn everything about Poland →

Macro

GDP nominal, USD$921.81B
GDP growth real, annual3.2%
Inflation annual3.7%
Population people37.6M
GDP per capita USD$25,057
Market cap total listed, USD$796.50B
Market cap / GDP86.4%
Unemployment2.9%
Listed companies402
ExchangeWarsaw Stock Exchange (Gielda Papierow Wartosciowych w Warszawie) (GPW)

Primary data year: 2024. Sources: World Bank, IMF World Economic Outlook 2024, Warsaw Stock Exchange official statistics (September 2026), Wikipedia: Economy of Poland, Wikipedia: Warsaw Stock Exchange, FocusEconomics, CountryEconomy.com, iShares EPOL Fact Sheet (June 2026), TopForeignStocks.com Polish ADR list (May 2026), Euronews (October 2025), TVP World (August 2026), MSCI Poland IMI Index Factsheet. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.

Latest news

Links open the publisher's website in a new tab.

Largest listed companies

The biggest companies on the main local exchange, by market capitalisation. Where a foreign company holds a secondary listing here, it is shown after the domestic companies.

# Company Sector Market capUSD US listing

US-traded ETFs

Funds listed in the US that give exposure to this market, the simplest route for many US investors.

ETF Scope Expense ratioannual % Exposure% of fund

Local exchange & access

ExchangeWarsaw Stock Exchange (Gielda Papierow Wartosciowych w Warszawie)
CodeGPW
Websitewww.gpw.pl
CurrencyPLN

Local broker access

International retail brokers offering access to the Warsaw Stock Exchange include Interactive Brokers and several European-based platforms. Polish domestic brokers such as mDom Maklerski (mBank), DM PKO Banku Polskiego, and XTB also serve retail clients. The iShares MSCI Poland ETF (EPOL) traded on NYSE Arca provides US investors with liquid single-country exposure without a direct WSE account.

Global brokers with foreign-market access

Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.

Relocation & residency

Foreign-investor access

Poland is a member of the European Union and the Schengen Area. EU and EEA citizens may live and work in Poland without a separate visa or permit. Non-EU nationals must obtain a relevant residence permit; there is no dedicated investor or golden visa scheme, but a long-term business or work residence permit may be obtained through normal channels. Poland uses the Polish Zloty and has not yet adopted the euro.

US-listed ADRs & cross-listings

Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.

CompanyUS tickerLocal tickerNote
Alior Bank S.A.ALORYALROTC ADR for the PZU-controlled commercial bank. Trades on the OTC Markets as ALORY.
Asseco Poland S.A.ASOZYACPOTC ADR for Poland's largest IT services and software group with operations across more than 60 countries. Trades as ASOZY.
Bank Pekao S.A.BKPOYPEOOTC ADR for Poland's second-largest bank by assets, listed on the OTC Markets as BKPOY.
Budimex S.A.BDMXYBDXOTC ADR for Poland's largest construction and infrastructure contractor, a Ferrovial subsidiary. Trades as BDMXY.
CD Projekt S.A.OTGLYCDROTC ADR for Poland's leading video game developer, creator of The Witcher series and Cyberpunk 2077. Trades as OTGLY on the OTC Markets.
Cyfrowy Polsat S.A.CYFWYCPSOTC ADR for Poland's largest private media and telecommunications group. Trades as CYFWY on the OTC Markets.
Dino Polska S.A.DNOPYDNPOTC ADR for the fast-growing Polish food discount supermarket chain. Trades as DNOPY on the OTC Markets.
ING Bank Slaski S.A.INGKYINGOTC ADR for the Polish subsidiary of the Dutch ING Group, one of Poland's largest banks. Trades as INGKY on the OTC Markets.
InPost S.A.INPOYINPSTOTC ADR for the operator of Poland's Paczkomat parcel locker network and a pan-European last-mile delivery platform. Trades as INPOY.
LPP S.A.LPPSYLPPOTC ADR for Poland's leading fashion retailer operating the Reserved, Cropp, House, Mohito, and Sinsay brands. Trades as LPPSY.
Orlen S.A.ORLNYPKNOTC-traded ADR for Poland's largest company by revenue, the integrated oil refining and fuel retail group. Trades on the OTC Markets as ORLNY.
PKO Bank Polski S.A.PSZKYPKOOTC-traded ADR providing US investor access to Poland's largest bank by assets. Trades on the OTC Markets under the PSZKY symbol.
mBank S.A.BREJYMBKOTC ADR for the Commerzbank-controlled digital banking pioneer in Poland. Trades as BREJY on the OTC Markets.
Theme