Looking at the most important key indicators, the region’s gross domestic product (GDP) was estimated to be €86.5bn in 2018, which was 17.4% of the national GDP and the highest of all regions (Eurostat 2020). In 2017, the GDP per capita was €45,700, which meant a relation of 218.7% vis-à-vis the national average, almost twice as much as the second-placed region, Dolnośląskie (€23,100). The unemployment rate of the region was 2.1% in 2019, which was clearly below the national average of 3,3% in 2019 (Eurostat 2020).
The share of industry including construction in the generation of regional GVA was estimated for the year 2017 at 19.3%, which was clearly below the national average of 33.3%. In turn, entities engaged in financial, insurance, and real estate activities, and other services generated around 80.% of regional GVA, which was above the national average of 63.4% and shows the advanced state of the service economy in the capital (Central Statistical Office, 2019. GDP and GVA across the regions in 2017, in Polish). On the other hand, the clearly urban character of the region is reflected in the data. The share of agriculture, hunting, forestry, fishing in the generation of regional GVA was only 0.7%, when the national average of 3.1%.
To the strengths of the region belong the location in trans-European transport corridors, well developed railway network and the largest airport in the country, the highest dynamics of economic changes in the country including the highest share in FDI, a large pool of qualified labour and the largest number of students, the highest R&D expenditures and concentration of innovative companies, the largest number of tertiary education institutions in Poland, as well as the presence of the most headquarters of national financial institutions.
A characteristic of the region is that industries of all branches have developed here except mining and shipbuilding. Strategic investors are LG, Samsung, General Electric (GE), Skanska, Stora Enso, ProLogis, IBM, Ghelamco and many others. Business services provide, among others, the following companies: Accenture, Citibank, Procter & Gamble, PwC and DSV International Shared Service.
In 2018, there were 25,391 foreign firms active in the Warsaw, which represented about 33.91% of all foreign companies located in Poland. (Central Polish Statistical Office 2018 Structural changes in national economy REGON register, Tab 16).