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==Economic growth== In the period from 1989 to 2018, Poland's GDP increased by 826.96% and it was the best result in Europe. In the same period, [[Republic of Ireland|Ireland]]'s GDP grew by 789.43%, [[Slovakia]]'s by 783.83% and the [[Czech Republic]] by 549.47%. In 1990, the Polish national income amounted to USD 65.978 billion, and by 2017 it had increased to USD 524.5 billion. Achieving these results was possible thanks to the privatisation of state-owned enterprises, the development of private entrepreneurship, but also the rapid increase in [[workforce productivity|work efficiency]] and openness to foreign direct investments. In 2018, the Polish economy grew by 5.1% compared to 4.8% in 2017.<ref>{{cite web |title=Polska tygrysem gospodarczym Europy. Wzrost PKB o 827 proc. |url=https://www.wnp.pl/finanse/polska-tygrysem-gospodarczym-europy-wzrost-pkb-o-827-proc,343751.html |publisher=wnp.pl |access-date=9 April 2021}}</ref> Economic growth in the fourth quarter of 2018 in Poland amounted to 4.9% on an annual basis and compared to the third quarter, where GDP increased by 5.1%, it was slightly lower. During this period, investments increased by 6.7%, private consumption also increased by 4.3%, and domestic demand increased by 4.8%.<ref>{{cite web |title=GUS: wzrost PKB pod koniec roku był nieco słabszy niż kwartał wcześniej |url=https://www.wnp.pl/finanse/gus-wzrost-pkb-pod-koniec-roku-byl-nieco-slabszy-niz-kwartal-wczesniej,340784.html |website=wnp.pl |access-date=9 April 2021}}</ref> The PMI index in January 2019 was 48.2 points and was higher than in December 2018 when it amounted to 47.6 points.<ref>{{cite web |title=Wskaźnik PMI dla Polski w styczniu na poziomie 48,2 pkt. vs 47,6 pkt. w XII |url=https://www.wnp.pl/finanse/wskaznik-pmi-dla-polski-w-styczniu-na-poziomie-48-2-pkt-vs-47-6-pkt-w-xii,339106.html |website=wnp.pl |access-date=9 April 2021}}</ref>
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