Poland climbs to 21st place in Labor Market Performance Index

Poland has advanced by 10 places to the 21st position in the Labor Market Performance Index created by PwC, which analyzes the maturity of the labor market in OECD countries. Since 2007, Poland has made the most progress among the analyzed countries.

“The PwC analysis shows the huge economic potential that could be released in the event of greater professional activation of all analyzed groups. Only for Poland, it would mean a GDP increase of $135 billion,” claimed Mike Wilder, a partner in PwC’s business consulting department.

Iceland comes first in the Labor Market Performance Index, followed by Sweden and New Zealand. At the opposite extreme are Spain, Italy, and Greece (Latvia and Turkey are not included in the ranking due to the lack of data in the Women in Work Index). Poland, thanks to the relatively small gender pay gap and low unemployment among women, occupies a high, 8th position in that sub-ranking.

(ISBnews)