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17 Feb. 2024

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Poland's GDP could grow up to 2% thanks to Ukrainian refugees: details

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Poland
Poland's GDP could grow up to 2% thanks to Ukrainian refugees: details

Ukrainians working and living in Poland also pay taxes, which has a significant impact on the country's financial resources. Their consumption habits, including shopping and other types of spending, play a significant role. Find out more about how Ukrainians influence the Polish economy

An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine
An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine
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Poland's GDP is projected to increase by up to 2% over the next five years, thanks to the high employment rate of refugees from Ukraine and significant contributions to the social insurance system. This opinion was expressed by Maciej Duszczyk, Deputy Secretary of State of the Ministry of Internal Policy and Administration of Poland, Ukrinform reports.


The official emphasized that the level of employment of Ukrainian refugees in Poland exceeds that of other EU countries. 


"Recent data show that this employment rate in Poland is 67%, while in Germany it does not exceed even 30%," he said.




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How many Ukrainians pay taxes in Poland?


Currently, the Social Insurance Institution (ZUS) has more than 750 thousand Ukrainians who pay contributions from work. At the same time, Duszczyk pointed out that although Ukrainian citizens have made a significant contribution to the Polish social insurance system, the amount of payments to refugees from ZUS is generally small.


The influx of refugees from Ukraine also has a positive impact on the Polish economy. In the first years, there was significant spending by war refugees who came with their savings, which led to an estimated 0.5% of GDP growth. However, in the next few years, GDP growth is projected to be 1.2-2%. 


According to preliminary data, there are up to 1 million Ukrainian refugees in Poland, and the Sejm has approved the extension of temporary protection for them without changes until June 30, 2024.

We remind you! Earlier, the Polish government extended temporary protection for Ukrainian refugees and set new terms of legal stay. The decision was made in the context of continuing support and protection for Ukrainian citizens who were forced to seek asylum. Find out more about how long Ukrainians are allowed to stay in Poland.

Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




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