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Economy of Austria vs Poland compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $918B for Poland, ranking 30/197 and 21/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $507B (55.3% of GDP) in Poland.

Austria vs Poland GDP by year

Austria
Poland
1x
Year GDP, current $
Austria Poland
2024 $534,790,720,467 $917,767,106,147
2023 $516,670,509,629 $812,451,193,396
2022 $473,221,298,968 $695,607,470,875
2021 $480,466,363,177 $689,170,230,665
2020 $434,397,601,558 $605,914,237,904
2019 $442,983,642,372 $602,683,770,145
2018 $452,582,294,973 $594,616,687,350
2017 $414,926,138,133 $528,356,676,667
2016 $393,687,359,770 $473,259,583,970
2015 $379,546,097,301 $480,054,118,583
2014 $438,556,021,078 $542,134,167,179
2013 $426,580,502,769 $518,179,836,405
2012 $406,750,487,604 $498,148,649,703
2011 $428,954,737,064 $527,848,543,023
2010 $389,827,789,218 $478,111,630,684
2009 $399,290,118,782 $440,891,472,247
2008 $429,234,399,096 $535,612,030,672
2007 $386,760,177,589 $429,715,132,138
2006 $333,905,979,332 $345,897,630,736
2005 $313,952,317,331 $306,999,913,151
2004 $299,210,411,455 $256,268,656,145
2003 $260,779,834,340 $218,561,225,998
2002 $212,837,224,023 $199,694,463,256
2001 $196,477,206,829 $191,823,200,371
2000 $196,181,599,831 $172,953,527,033
1999 $216,421,809,126 $170,704,452,715
1998 $217,068,085,816 $175,282,269,667
1997 $211,724,812,267 $159,893,964,917
1996 $235,952,581,232 $160,813,026,223
1995 $240,094,169,510 $142,838,527,115
1994 $202,738,023,130 $110,803,635,288
1993 $189,634,029,339 $96,043,157,273
1992 $194,314,032,056 $94,337,050,693
1991 $173,113,449,617 $85,500,935,935
1990 $165,811,372,383 $65,977,748,211
1989 $132,584,448,258 -
1988 $132,817,124,707 -
1987 $123,682,091,859 -
1986 $98,648,254,169 -
1985 $69,114,996,010 -
1984 $67,719,055,773 -
1983 $71,838,528,420 -
1982 $70,996,111,963 -
1981 $70,755,997,062 -
1980 $81,737,498,405 -
1979 $73,647,694,287 -
1978 $61,809,208,756 -
1977 $51,343,861,460 -
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/poland | CC BY

GDP per capita in Austria vs Poland by year

Austria
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 $25,104 $51,263
2023 $56,580 $73,545 $22,145 $48,473
2022 $52,337 $72,065 $18,891 $46,778
2021 $53,649 $62,969 $18,636 $41,060
2020 $48,716 $58,523 $16,151 $37,089
2019 $49,886 $60,355 $15,875 $35,882
2018 $51,194 $56,636 $15,658 $32,345
2017 $47,164 $53,870 $13,913 $30,170
2016 $45,061 $52,398 $12,464 $28,360
2015 $43,915 $49,549 $12,638 $26,988
2014 $51,315 $48,355 $14,262 $25,460
2013 $50,305 $47,520 $13,622 $24,434
2012 $48,250 $46,156 $13,087 $23,728
2011 $51,117 $44,172 $13,868 $22,809
2010 $46,611 $41,735 $12,568 $20,991
2009 $47,857 $40,687 $11,556 $19,300
2008 $51,581 $41,047 $14,049 $18,372
2007 $46,623 $39,192 $11,273 $16,833
2006 $40,382 $37,388 $9,069 $15,205
2005 $38,157 $34,777 $8,044 $13,936
2004 $36,614 $33,519 $6,712 $13,413
2003 $32,110 $31,959 $5,721 $12,329
2002 $26,335 $30,952 $5,223 $11,841
2001 $24,430 $29,553 $5,015 $11,175
2000 $24,487 $29,221 $4,521 $10,721
1999 $27,079 $27,500 $4,416 $10,081
1998 $27,212 $26,531 $4,534 $9,521
1997 $26,572 $25,301 $4,137 $8,967
1996 $29,646 $24,427 $4,164 $8,310
1995 $30,207 $23,604 $3,701 $7,715
1994 $25,546 $22,553 $2,875 $7,040
1993 $23,987 $21,647 $2,497 $6,560
1992 $24,783 $21,209 $2,459 $6,193
1991 $22,323 $20,536 $2,236 $5,925
1990 $21,596 $19,396 $1,731 $6,185
1989 $17,401 - - -
1988 $17,510 - - -
1987 $16,329 - - -
1986 $13,032 - - -
1985 $9,136 - - -
1984 $8,956 - - -
1983 $9,500 - - -
1982 $9,373 - - -
1981 $9,348 - - -
1980 $10,827 - - -
1979 $9,755 - - -
1978 $8,173 - - -
1977 $6,784 - - -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/poland | CC BY

Austria's GDP per capita is $58,269, ranking 16/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Poland ranks 43rd at $51,263.

Economic indicators

Austria Poland
Gross domestic product
$535B
2024
$918B
2024
GDP rank
30/197
2024
21/197
2024
GDP growth
-0.66%
2023-2024
3.03%
2023-2024
GDP per capita
$58,269
2024
$25,104
2024
GDP per capita rank
16/197
2024
48/197
2024
GDP per capita, PPP
$73,911
2024
$51,263
2024
GDP per capita PPP rank
19/197
2024
43/197
2024
Government debt
$432B
2024
$507B
2024
Debt-to-GDP ratio
80.8%
2024
55.3%
2024
Government debt per person
$47,075
2024
$13,874
2024
Government debt per person rank
10/185
2024
41/185
2024
Average annual personal income after taxes
$40,736
2026
$20,736
2026
Market capitalization of domestic companies
$121B
2024
$197B
2024
Number of billionaires
9
2025
10
2025
Income share by richest 10%
24.8%
2023
22.9%
2023
Income share by poorest 10%
2.8%
2023
3.3%
2023
Government expenditure, % of GDP
56%
2024
49.4%
2024
Consumer prices inflation
2.94%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
5.16%
2024
2.81%
2024
Population
9163419
35806942

Spending and national debt comparison by year

Austria
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Austria Poland
Government spending Government debt Government spending Government debt
2024 56% 80.8% 49.4% 55.3%
2023 52.7% 78.5% 46.9% 49.5%
2022 53% 78.4% 43.2% 48.8%
2021 56% 82.4% 43.6% 53%
2020 57.3% 83.2% 47.7% 56.6%
2019 49.1% 71% 41.4% 45.2%
2018 49.2% 74.6% 41% 48.2%
2017 49.8% 79.1% 41.1% 50.4%
2016 50.6% 83.4% 41.1% 54.1%
2015 51.2% 85.6% 41.5% 51.1%
2014 52.4% 85.2% 42.7% 51.1%
2013 52.4% 82.4% 43.2% 56.9%
2012 51.8% 82.9% 43.2% 54.5%
2011 51.3% 83.4% 44.1% 54.8%
2010 53.4% 83.7% 46% 53.7%
2009 54.6% 80.8% 44.9% 49.7%
2008 50.4% 69.5% 44% 46.6%
2007 49.7% 65.8% 42.8% 44.4%
2006 50.9% 68.2% 44.3% 47.1%
2005 51.7% 69.4% 44.1% 46.5%
2004 54.3% 65.9% 43.3% 44.9%
2003 51.8% 66.4% 45.5% 46.4%
2002 51.6% 67.4% 45.1% 41.6%
2001 51.8% 67.2% 44.7% 37.2%
2000 50.9% 66.1% 43.1% 36.4%
1999 50.5% 61.3% 42.5% 39.4%
1998 54.4% 69.2% 44% 38.7%
1997 52.5% 63.4% 46.1% 42.7%
1996 55.9% 68.2% 50.7% 43.2%
1995 56.1% 68.2% 47.5% 48.7%
1994 54.3% 64.1% - 64.3%
1993 54.3% 61% - 83.9%
1992 49.3% 56.3% - 81.9%
1991 47.9% 56.4% - 76.9%
1990 46.8% 56.2% - 89.7%
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% 35.6% -
1978 50.8% 32.2% 35.8% -
1977 47.6% 28.5% 35.6% -
1976 47.9% 26.2% 34.8% -
1975 46.1% 22.8% 34.1% -
1974 42% 16.8% 28.6% -
1973 41.5% 16.7% 24.5% -
1972 40.1% 16.7% 24.1% -
1971 40% 17.4% 24.1% -
1970 39.5% 18.6% 25.8% -
1969 40.7% 16.8% 26.3% -
1968 40.9% 16.8% 27.3% -
1967 40.7% 15.6% 29.6% -
1966 38.7% 14.1% 31.7% -
1965 38.3% 14.8% 31.8% -
1964 38.7% 15.5% 33.5% -
1963 38.6% 15.6% 33.3% -
1962 37.6% 15.5% 43% -
1961 35.7% 16% 42.8% -
1960 36.3% 17.7% 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

GeoRank.org/economy/austria/poland | CC BY

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 55.3% in Poland, ranking 44/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Poland
1x
Year Deficit/surplus, % of GDP
Austria Poland
2024 -4.64% -6.59%
2023 -2.62% -5.27%
2022 -3.31% -3.44%
2021 -5.69% -1.75%
2020 -8.2% -6.85%
2019 0.54% -0.73%
2018 0.2% -0.24%
2017 -0.78% -1.49%
2016 -1.45% -2.38%
2015 -0.48% -2.59%
2014 -1.92% -3.66%
2013 -1.99% -4.25%
2012 -2.18% -3.8%
2011 -2.48% -4.97%
2010 -4.46% -7.43%
2009 -5.38% -7.24%
2008 -1.57% -3.6%
2007 -1.56% -1.88%
2006 -2.61% -3.53%
2005 -2.59% -3.93%
2004 -4.94% -4.99%
2003 -1.84% -6.02%
2002 -1.43% -4.8%
2001 -0.71% -4.73%
2000 -2.07% -4%
1999 -2.63% -2.3%
1998 -2.68% -4.25%
1997 -2.38% -4.61%
1996 -4.38% -4.84%
1995 -6.17% -4.39%
1994 -5.04% -
1993 -4.57% -
1992 -2.15% -
1991 -2.96% -
1990 -2.58% -
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/poland | CC BY

In 2024, Austria's government deficit, the difference between spending and revenue, was $24.8B, equivalent to 4.64% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Austria recorded a fiscal deficit in 28 of those years, while Poland ran a deficit in 30 years. On average, Austria posted an annual deficit equal to 2.75% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Austria

Poland
1x
Year Consumer prices inflation
Austria Poland
2024 2.94% 3.78%
2023 7.81% 11.5%
2022 8.55% 14.4%
2021 2.77% 5.06%
2020 1.38% 3.37%
2019 1.53% 2.23%
2018 2% 1.81%
2017 2.08% 2.08%
2016 0.89% -0.66%
2015 0.9% -0.87%
2014 1.61% 0.05%
2013 2% 0.99%
2012 2.49% 3.56%
2011 3.29% 4.24%
2010 1.81% 2.58%
2009 0.51% 3.8%
2008 3.22% 4.16%
2007 2.17% 2.46%
2006 1.44% 1.28%
2005 2.3% 2.18%
2004 2.06% 3.38%
2003 1.36% 0.68%
2002 1.81% 1.91%
2001 2.65% 5.41%
2000 2.34% 9.9%
1999 0.57% 7.15%
1998 0.92% 11.6%
1997 1.31% 14.9%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/poland | CC BY

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 4.39% in Poland. In 2024, inflation was 2.94% in Austria and 3.78% in Poland.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $2.54B
Chemicals & pharma $2.39B
Metals $1.14B
Textiles & consumer goods $904M
Wood & paper products $573M
Transport & tourism services $539M
Business & finance services $516M
Processed food, beverages & tobacco $367M
IT & IP services $238M
Raw materials & minerals $160M
Poland
Export category Export value
Machinery & equipment $2.51B
Textiles & consumer goods $1.26B
Metals $940M
Raw materials & minerals $780M
Chemicals & pharma $740M
Processed food, beverages & tobacco $479M
Wood & paper products $388M
Miscellaneous $347M
Animal & marine products $182M
Raw agricultural goods $109M

Balance of trade

Austria Poland
Current account balance
$8.19B
2024
$2.8B
2024
Current account balance ranking
25/190
2024
40/190
2024
Current account balance, % of GDP
+1.53%
2024
+0.3%
2024
Goods imports
$195B
2024
$367B
2024
Goods exports
$201B
2024
$361B
2024
Service imports
$90.5B
2024
$74.9B
2024
Service exports
$96.6B
2024
$118B
2024
Imports of goods and services, % of GDP
53.1%
2024
48.2%
2024
Exports of goods and services, % of GDP
55.7%
2024
52.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Austria Poland
Economic freedom 69.8 68.5
Economic freedom ranking 38/197 46/197
Property rights 95.7 71.8
Government integrity 75 60.7
Judicial effectiveness 94.8 62.5
Tax burden 45.7 72.7
Government spending 12.8 35.1
Fiscal health 67.1 74.8
Business freedom 78.7 77.5
Labor freedom 81.6 53.7
Monetary freedom 76.4 73.8
Trade freedom 79.4 79.4
Investment freedom 60 80
Financial freedom 70 80

Economic freedom comparison by year

Austria
Poland
1x
Year Economic freedom index
Austria Poland
2026 69.8 68.5
2025 69.7 67.1
2024 68.4 66
2023 71.1 67.7
2022 73.8 68.7
2021 73.9 69.7
2020 73.3 69.1
2019 72 67.8
2018 71.8 68.5
2017 72.3 68.3
2016 71.7 69.3
2015 71.2 68.6
2014 72.4 67
2013 71.8 66
2012 70.3 64.2
2011 71.9 64.1
2010 71.6 63.2
2009 71.2 60.3
2008 71.4 60.3
2007 71.6 58.1
2006 71.1 59.3
2005 68.8 59.6
2004 67.6 58.7
2003 67.6 61.8
2002 67.4 65
2001 68.1 61.8
2000 68.4 60
1999 64 59.6
1998 65.4 59.2
1997 65.2 56.8
1996 68.9 57.8
1995 70 50.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/austria/poland | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Poland
Services, % of GDP
64%
2024
59.1%
2024
Industry, % of GDP
24.6%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
2.54%
2024
GNI, Atlas method
$503B
2024
$789B
2024
GNI per capita, PPP
$74,160
2024
$49,540
2024
Total reserves including gold
$35.4B
2024
$223B
2024
Total reserves ranking
53/177
2024
17/177
2024
Net foreign direct investment
$135M
2024
-$10.6B
2024
Net inflows of foreign direct investment
$13.7B
2024
$20.6B
2024
Net outflows of foreign direct investment
$13.8B
2024
$10B
2024
Poverty at national poverty lines
14.8%
2021
13.3%
2024
Gross capital formation, % of GDP
23.6%
2024
17.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/austria/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1994, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.