Poland has the region's largest economy (GDP PPP total of US$1.353 trillion,[25] ranked 22nd in the world). According to the United Nations and the World Bank, it is a high-income country[26] with a high quality of life and a very high standard of living.[27][28] The Polish economy is the sixth-largest in the EU and one of the fastest-growing economies in Europe, with a yearly growth rate of over 3.0% between 1991 and 2019. Poland is the only European Union member to have avoided a decline in GDP during the late-2000s recession, and in 2009 created the most GDP growth of all countries in the EU.