Explanation of variables in the database on Polish economy
All data are monthly data unless otherwise stated.
Date: This is the date of the last session of Warsaw Stock Exchange in a given month. The data in the rows corresponding to a given Date relate to this month.
WIG: Warsaw Stock Exchange Index at the end of the day specified by Date. See here for the definition.
Inflation: Monthly inflation rate in %.
Exch_1, Exch_2 : The price of $100 in zloty (Polish currency) . Zloty is not a fully convertible currency yet. Exch_1 is the official exchange rate of Polish Central Bank in which export and import are calculated. Exch_2 is the mean exchange rate in the free market.
Empl_1 and Empl_2 contain the data on the number of people employed. Average in 1995 corresponds to 100. Empl_1 is number of all employees (linearly interpolated quarterly data), Empl_2 is the number of people employed in the "enterprise sector", which seems to be Empl_1 minus health care, education, government and farming employees.
r_1, r_2 and r_3 are interest rates. r_1 is the "rediscont credit" interest rate, the rate at which Central Bank lends money to comercial banks (?), r_2 is the average between maximal and minimal interest rates on call deposits in comercial banks, r_3 is a similar average for one year certificates of deposit.
Sal_1: avarage net salary and wage in real terms. Average
in 1995 corresponds to 100. Linearly interpolated quarterly data.
Sal_2: average net salary and wage in real terms in the
"enterprise sector" (see Empl_2). Average in 1995 corresponds to 100.
See also pages by Central Statistical
Office of Poland for the data in Empl_1,2 and r_1,2,3.