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Indicators of economy in Poland

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Poland, on the other hand, reached USD 18,000 per capita, or 679.44 billion USD for the whole country. Poland is therefore currently ranked 21 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Poland ranks 40th in the list of the richest countries.

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

Compared with the USA, prices for daily consumer goods are around 48.9 percent lower.
The index for perceived corruption in the public sector is 56, which is rather mediocre by global standards.


Back to overview: 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 21.7 percent. The consumer inflation rate has risen from 2.2 percent previously to 3.4 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Poland
Total
Poland
per capita
EU
Total
EU
per capita
GDP679.44 bn USD17,999.91 USD17.177 tn USD33,384.92 USD
Gross national product636.06 bn USD16,850.67 USD16.895 tn USD32,835.37 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. 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


 Poland
Total
Poland
per capita
EU
Total
EU
per capita
Gross debt362.89 bn USD9,613.84 USD15.068 tn USD29,285.70 USD
Budget deficit12.70 bn USD336.35 USD799.24 bn USD1,553.35 USD


Imports and Exports 2021

 Poland
Total
Poland
per capita
EU
Total
EU
per capita
Imports380.85 bn USD10,089.54 USD8.916 tn USD17,329.02 USD
Exports411.63 bn USD10,904.94 USD9.554 tn USD18,569.19 USD


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

Exports
Imports



Poland: AirportsLargest airports and airlines in PolandThe 15 biggest airports and 3 airlines in Poland with further information and data with further information on airlines and destinations
Poland: Public HolidaysPublic holidays in Poland 2023-2027Statutory and inofficial holidays in Poland for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.