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Indicators of economy in Poland

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Poland, on the other hand, reached USD 17.841 per capita, or 674.05 billion USD in the whole country. Poland is therefore currently ranked 21 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Poland is in the list of the world's richest countries in place 37.

Inflation in Poland was in 2021 at around 5.06%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 48.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Poland

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Poland in 2020 decreased moderatly from 597.28 billion US Dollar to 596.62 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 0.11% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 47 percent. Fortunately, the unemployment rate actually fell from 3.3 to 3.2 percent. The country's gross debt increased by 21.7%. The consumer inflation rate has risen from 2.2% previously to 3.4% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Poland
Total
Poland
per capita
EU
Total
EU
per capita
GDP674.05 bn USD17,840.92 USD17.09 tn USD33,228.68 USD
Gross national product629.92 bn USD16,672.98 USD16.78 tn USD32,621.03 USD


Poland ranked 23rd in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 7 of the 2000 largest listed companies in the world originate from Poland. This is determined annually in the Forbes Global 2000 list. The 7 largest companies in the country were in 2021:

Rank 880: Pgnig Group (Warsaw)
Rank 881: PKN Orlen (Plock)
Rank 906: Grupa PZU (Warsaw)
Rank 970: PKO Bank Polski (Warsaw)
Rank 1581: PGE Polska Grupa Energetyczna (Warsaw)
Rank 1845: Bank Pekao (Warsaw)
Rank 1847: KGHM Polska Miedz (Lubin)

Development of the Gross domestic product in billion US Dollar 1990 - 2021


Household debt and deficits 2021


 Poland
Total
Poland
per capita
EU
Total
EU
per capita
Gross debt362.89 bn USD9,605.21 USD15.07 tn USD29,300.11 USD
Budget deficit12.70 bn USD336.05 USD799.24 bn USD1,554.11 USD


Im- and Exports 2021

 Poland
Total
Poland
per capita
EU
Total
EU
per capita
Imports380.85 bn USD10,080.48 USD8,916.24 bn USD17,337.55 USD
Exports411.63 bn USD10,895.15 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1976 - 2021

Exports
Imports



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