Why is Poland’s economy booming?
The Inquiry
BBC
4.6 • 1.7K Ratings
🗓️ 10 March 2026
⏱️ 24 minutes
🧾️ Download transcript
Summary
In February, Polish Prime Minister Donald Tusk posted a social media video celebrating new figures from the International Monetary Fund suggesting that the average person in Poland now has slightly more spending power than the average person in Spain, the European Union’s fourth largest economy.
It’s a symbolic milestone for a country that emerged from communism just over three decades ago and once struggled with hyperinflation and economic upheaval. In 2025, Poland’s economy also passed the trillion-dollar mark, putting it in an elite group of just 20 countries globally.
Investment from across the EU has helped drive growth. But can Poland keep its edge as labour shortages grow and the war in neighbouring Ukraine continues to shape the region?
This week on The Inquiry, Tanya Beckett asks: Why is Poland’s economy booming?
Contributors: Dr Pawel Bukowski, lecturer in economics at University College London and Polish Academy of Sciences, UK Iga Magda, associate professor at the Warsaw School of Economics, Poland Katarzyna Rzentarzewska, chief CEE macro economist at Erste Group Bank AG, Austria Rafal Benecki, chief economist at ING, Poland
Presenter: Tanya Beckett Producer: Matt Toulson Researcher: Evie Yabsley Editor: Tom Bigwood Technical Producer: Cameron Ward Production Management: Phoebe Lomas and Liam Morrey
(Photo: A high street in Warsaw. Credit: NurPhoto/Getty Images)
Transcript
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| 0:00.0 | BBC Sounds, Music, radio, podcasts. |
| 0:05.6 | Welcome to the inquiry from the BBC World Service with me, Tanya Beckett. |
| 0:10.8 | One question, four expert witnesses and an answer. |
| 0:16.9 | In February, the Prime Minister of Poland, Donald Tusk, posted a video on X, |
| 0:23.0 | celebrating figures that marked a symbolic moment in the country's membership of the European Union. |
| 0:30.6 | Can you guess what this is? |
| 0:35.3 | This is a chart from the latest international monetary fund report. |
| 0:40.1 | Poland has overtaken Spain in income per capita. We're now in the European economic elites and we're winning against Spain. Famos. |
| 0:49.6 | Data from the international monetary fund showed that the average person in Poland had slightly more spending power than the average person in the EU's fourth largest economy, Spain. |
| 1:02.6 | The measure is one sign that shows how an economy is performing. In this case, it shows that Poland has been growing more consistently than many of its European neighbours. |
| 1:14.0 | In September 2025, the country's economy passed the trillion dollar mark, placing it amongst an elite group of just 20 nations worldwide. |
| 1:25.8 | Poland's journey to this point has been nothing short of remarkable. This week on |
| 1:31.8 | the inquiry, we're asking, why is Poland's economy booming? Part one, Poland's economic miracle. |
| 1:40.8 | My name is Pablo Bogowski. I'm a lecturer in economics at the University College London. |
| 1:46.7 | Our first expert witness takes us back to a four-decade stretch between the mid-1940s to 1989, when Poland was in the grip of communism. |
| 1:58.7 | The country's commercial activity was entirely directed and controlled by the government. |
| 2:04.9 | So first of all, key decisions in the economy, I mean, not even key decisions, |
| 2:09.2 | daily operations were decided not by the markets, but rather they were determined by so-called |
| 2:13.6 | essential planners. |
| 2:14.9 | First of all, what should be producing, what quantities and |
| 2:18.2 | where. Also at the same time for what price this product should be sold. So it's not just the |
| 2:23.8 | prices of goods, but also wages. And one implication of this was, of course, that there was no |
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