Country Details

Poland

Central Europe, east of Germany

Economy

Detailed information and insights

Economic overview

high-income, diversified, EU-member economy; significant growth in GDP, trade, and investment since joining EU in 2004; private consumption and EU-funded public investments driving GDP growth; increased social spending, flooding recovery costs, and defense spending have added to public debt

Real GDP (purchasing power parity)

Real GDP (purchasing power parity) 2024

$1.649 trillion (2024 est.)

Real GDP (purchasing power parity) 2023

$1.602 trillion (2023 est.)

Real GDP (purchasing power parity) 2022

$1.598 trillion (2022 est.)

Real GDP growth rate

Real GDP growth rate 2024

2.9% (2024 est.)

Real GDP growth rate 2023

0.2% (2023 est.)

Real GDP growth rate 2022

5.3% (2022 est.)

Real GDP per capita

Real GDP per capita 2024

$45,100 (2024 est.)

Real GDP per capita 2023

$43,700 (2023 est.)

Real GDP per capita 2022

$43,400 (2022 est.)

GDP (official exchange rate)

$914.696 billion (2024 est.)

Note

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

Inflation rate (consumer prices) 2024

3.8% (2024 est.)

Inflation rate (consumer prices) 2023

11.5% (2023 est.)

Inflation rate (consumer prices) 2022

14.4% (2022 est.)

GDP - composition, by sector of origin

Agriculture

2.6% (2024 est.)

Industry

26.4% (2024 est.)

Services

59.9% (2024 est.)

GDP - composition, by end use

Household consumption

57.6% (2024 est.)

Government consumption

20.8% (2024 est.)

Investment in fixed capital

16.9% (2024 est.)

Investment in inventories

0.8% (2024 est.)

Exports of goods and services

52.3% (2024 est.)

Imports of goods and services

-48.3% (2024 est.)

Agricultural products

sugar beets, milk, wheat, maize, potatoes, triticale, apples, rapeseed, barley, rye (2023)

Note

note: top ten agricultural products based on tonnage

Industries

machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles

Industrial production growth rate

-0.6% (2023 est.)

Note

note: annual % change in industrial value added based on constant local currency

Labor force

18.245 million (2024 est.)

Note

note: number of people ages 15 or older who are employed or seeking work

Unemployment rate

Unemployment rate 2024

2.5% (2024 est.)

Unemployment rate 2023

2.8% (2023 est.)

Unemployment rate 2022

2.9% (2022 est.)

Youth unemployment rate (ages 15-24)

Total

9.9% (2024 est.)

Male

10.1% (2024 est.)

Female

9.6% (2024 est.)

Population below poverty line

12.2% (2023 est.)

Note

note: % of population with income below national poverty line

Gini Index coefficient - distribution of family income

Gini Index coefficient - distribution of family income 2022

28.9 (2022 est.)

Average household expenditures

On food

18.6% of household expenditures (2023 est.)

On alcohol and tobacco

6.2% of household expenditures (2023 est.)

Household income or consumption by percentage share

Lowest 10%

3.3% (2022 est.)

Highest 10%

23.1% (2022 est.)

Remittances

Remittances 2024

0.9% of GDP (2024 est.)

Remittances 2023

1.1% of GDP (2023 est.)

Remittances 2022

1.1% of GDP (2022 est.)

Budget

Revenues

$291.603 billion (2023 est.)

Expenditures

$328.497 billion (2023 est.)

Public debt

Public debt 2017

50.6% of GDP (2017 est.)

Taxes and other revenues

18% (of GDP) (2023 est.)

Note

note: central government tax revenue as a % of GDP

Current account balance

Current account balance 2024

$1.789 billion (2024 est.)

Current account balance 2023

$14.535 billion (2023 est.)

Current account balance 2022

-$15.822 billion (2022 est.)

Exports

Exports 2024

$478.579 billion (2024 est.)

Exports 2023

$471.571 billion (2023 est.)

Exports 2022

$436.388 billion (2022 est.)

Exports - partners

Germany 25%, UK 6%, Czechia 6%, France 6%, Italy 5% (2023)

Note

note: top five export partners based on percentage share of exports

Exports - commodities

vehicle parts/accessories, electric batteries, plastic products, cars, seats (2023)

Note

note: top five export commodities based on value in dollars

Imports

Imports 2024

$441.945 billion (2024 est.)

Imports 2023

$423.797 billion (2023 est.)

Imports 2022

$421.765 billion (2022 est.)

Imports - partners

Germany 22%, China 12%, Italy 5%, Netherlands 4%, USA 4% (2023)

Note

note: top five import partners based on percentage share of imports

Imports - commodities

crude petroleum, cars, garments, vehicle parts/accessories, plastic products (2023)

Note

note: top five import commodities based on value in dollars

Reserves of foreign exchange and gold

Reserves of foreign exchange and gold 2024

$223.115 billion (2024 est.)

Reserves of foreign exchange and gold 2023

$193.783 billion (2023 est.)

Reserves of foreign exchange and gold 2022

$166.664 billion (2022 est.)

Exchange rates

Currency

zlotych (PLN) per US dollar -

Exchange rates 2024

3.981 (2024 est.)

Exchange rates 2023

4.204 (2023 est.)

Exchange rates 2022

4.458 (2022 est.)

Exchange rates 2021

3.862 (2021 est.)

Exchange rates 2020

3.9 (2020 est.)