Indicators of economy in Poland

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Poland in 2020 increased from 596.05 billion US dollars to 599.45 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 0.57 percent increase has been rather unusual this year. While most countries have suffered significant losses, Poland has certainly held its own. 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 23.5 percent. The consumer inflation rate has risen from 2.2 percent previously to 3.4 percent now.

Income and purchasing power

The average monthly income in Poland is 1,404 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 54.6 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Poland than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 47.6 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

In the Global Innovation Index, Poland ranked 38th in 2022 with 37.5 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points. Out of the 2,000 largest listed companies in the world, 8 originate from Poland. This is determined annually in the Forbes Global 2000 list. The 8 largest companies in the country in 2022 were:

Rank 746: PKN Orlen ( P?ock)
Rank 845: Pgnig Group (Warsaw)
Rank 939: PKO Bank Polski (Warsaw)
Rank 981: Grupa PZU (Warsaw)
Rank 1210: PGE Polska Grupa Energetyczna (Warsaw)
Rank 1516: KGHM Polska Miedz (Lubin)
Rank 1679: Bank Pekao (Warsaw)
Rank 1886: Grupa LOTOS (Gdansk)

Development of gross domestic product in billions of USD 1990 - 2021

Household debt and deficits 2021

Imports and Exports 2021

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