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Economy of Czech Republic vs Poland compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $918B for Poland, ranking 44/197 and 21/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $507B (55.3% of GDP) in Poland.

Czech Republic vs Poland GDP by year

Czech Republic
Poland
1x
Year GDP, current $
Czech Republic Poland
2024 $347,034,062,928 $917,767,106,147
2023 $345,059,295,660 $812,451,193,396
2022 $301,831,228,326 $695,607,470,875
2021 $290,972,714,482 $689,170,230,665
2020 $251,109,660,603 $605,914,237,904
2019 $256,794,209,029 $602,683,770,145
2018 $251,992,360,762 $594,616,687,350
2017 $221,563,575,696 $528,356,676,667
2016 $198,160,659,304 $473,259,583,970
2015 $189,107,698,562 $480,054,118,583
2014 $210,911,285,078 $542,134,167,179
2013 $213,024,360,541 $518,179,836,405
2012 $210,363,223,088 $498,148,649,703
2011 $231,429,378,717 $527,848,543,023
2010 $211,168,667,286 $478,111,630,684
2009 $206,971,882,705 $440,891,472,247
2008 $236,506,264,754 $535,612,030,672
2007 $190,040,702,287 $429,715,132,138
2006 $156,236,258,387 $345,897,630,736
2005 $137,264,185,596 $306,999,913,151
2004 $120,147,899,984 $256,268,656,145
2003 $100,435,924,705 $218,561,225,998
2002 $82,607,869,610 $199,694,463,256
2001 $68,135,304,464 $191,823,200,371
2000 $62,175,642,238 $172,953,527,033
1999 $65,586,562,605 $170,704,452,715
1998 $67,187,217,328 $175,282,269,667
1997 $62,539,765,163 $159,893,964,917
1996 $67,804,105,330 $160,813,026,223
1995 $60,572,381,311 $142,838,527,115
1994 $48,188,478,339 $110,803,635,288
1993 $41,155,654,032 $96,043,157,273
1992 $35,051,065,440 $94,337,050,693
1991 $30,071,014,282 $85,500,935,935
1990 $41,016,881,802 $65,977,748,211

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/poland | CC BY

GDP per capita in Czech Republic vs Poland by year

Czech Republic
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $25,104 $51,263
2023 $31,762 $55,761 $22,145 $48,473
2022 $28,282 $52,947 $18,891 $46,778
2021 $27,696 $47,796 $18,636 $41,060
2020 $23,473 $44,839 $16,151 $37,089
2019 $24,063 $45,614 $15,875 $35,882
2018 $23,706 $41,638 $15,658 $32,345
2017 $20,913 $39,346 $13,913 $30,170
2016 $18,754 $36,445 $12,464 $28,360
2015 $17,932 $34,093 $12,638 $26,988
2014 $20,038 $32,743 $14,262 $25,460
2013 $20,260 $31,013 $13,622 $24,434
2012 $20,014 $29,466 $13,087 $23,728
2011 $22,049 $29,237 $13,868 $22,809
2010 $20,160 $28,154 $12,568 $20,991
2009 $19,817 $27,713 $11,556 $19,300
2008 $22,775 $27,938 $14,049 $18,372
2007 $18,453 $26,268 $11,273 $16,833
2006 $15,259 $23,914 $9,069 $15,205
2005 $13,442 $22,115 $8,044 $13,936
2004 $11,783 $20,988 $6,712 $13,413
2003 $9,852 $19,604 $5,721 $12,329
2002 $8,101 $18,344 $5,223 $11,841
2001 $6,669 $17,709 $5,015 $11,175
2000 $6,063 $16,332 $4,521 $10,721
1999 $6,378 $15,494 $4,416 $10,081
1998 $6,527 $15,064 $4,534 $9,521
1997 $6,069 $14,911 $4,137 $8,967
1996 $6,573 $14,781 $4,164 $8,310
1995 $5,865 $13,957 $3,701 $7,715
1994 $4,663 $12,862 $2,875 $7,040
1993 $3,984 $12,242 $2,497 $6,560
1992 $3,397 $11,963 $2,459 $6,193
1991 $2,917 $11,768 $2,236 $5,925
1990 $3,969 $12,848 $1,731 $6,185

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/poland | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Poland ranks 43rd at $51,263.

Economic indicators

Czech Republic Poland
Gross domestic product
$347B
2024
$918B
2024
GDP rank
44/197
2024
21/197
2024
GDP growth
1.23%
2023-2024
3.03%
2023-2024
GDP per capita
$31,823
2024
$25,104
2024
GDP per capita rank
39/197
2024
48/197
2024
GDP per capita, PPP
$57,285
2024
$51,263
2024
GDP per capita PPP rank
35/197
2024
43/197
2024
Government debt
$150B
2024
$507B
2024
Debt-to-GDP ratio
43.3%
2024
55.3%
2024
Government debt per person
$13,792
2024
$13,874
2024
Government debt per person rank
43/185
2024
41/185
2024
Average annual personal income after taxes
$22,139
2026
$20,736
2026
Market capitalization of domestic companies
$34.6B
2024
$197B
2024
Number of billionaires
11
2025
10
2025
Income share by richest 10%
21.5%
2023
22.9%
2023
Income share by poorest 10%
3.8%
2023
3.3%
2023
Government expenditure, % of GDP
42.8%
2024
49.4%
2024
Consumer prices inflation
2.44%
2023-2024
3.78%
2023-2024
Central bank interest rate
3.5%
2025
4%
2025
Unemployment rate
2.6%
2024
2.81%
2024
Population
10649126
35806942

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Czech Republic Poland
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 49.4% 55.3%
2023 43.7% 42.2% 46.9% 49.5%
2022 43% 42.5% 43.2% 48.8%
2021 45% 40.7% 43.6% 53%
2020 46.3% 36.9% 47.7% 56.6%
2019 40.4% 29.6% 41.4% 45.2%
2018 40.1% 31.7% 41% 48.2%
2017 38.5% 33.8% 41.1% 50.4%
2016 39.4% 36.2% 41.1% 54.1%
2015 41.7% 39.5% 41.5% 51.1%
2014 42.3% 41.5% 42.7% 51.1%
2013 42.4% 44.1% 43.2% 56.9%
2012 44.4% 43.8% 43.2% 54.5%
2011 42.8% 39.4% 44.1% 54.8%
2010 43.2% 36.7% 46% 53.7%
2009 44.5% 33.4% 44.9% 49.7%
2008 40.9% 28.2% 44% 46.6%
2007 40.5% 27.3% 42.8% 44.4%
2006 41.5% 27.6% 44.3% 47.1%
2005 42.3% 27.7% 44.1% 46.5%
2004 42.2% 28.3% 43.3% 44.9%
2003 49% 28.1% 45.5% 46.4%
2002 44.4% 25.7% 45.1% 41.6%
2001 43.1% 22.6% 44.7% 37.2%
2000 40.6% 16.9% 43.1% 36.4%
1999 40.9% 15.1% 42.5% 39.4%
1998 41.6% 13.9% 44% 38.7%
1997 41.3% 12.1% 46.1% 42.7%
1996 41.4% 11.5% 50.7% 43.2%
1995 52.8% 13.5% 47.5% 48.7%
1994 - - - 64.3%
1993 - - - 83.9%
1992 - - - 81.9%
1991 - - - 76.9%
1990 - - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/poland | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 55.3% in Poland, ranking 124/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Poland
1x
Year Deficit/surplus, % of GDP
Czech Republic Poland
2024 -1.99% -6.59%
2023 -3.73% -5.27%
2022 -3.07% -3.44%
2021 -4.95% -1.75%
2020 -5.65% -6.85%
2019 0.28% -0.73%
2018 0.88% -0.24%
2017 1.46% -1.49%
2016 0.68% -2.38%
2015 -0.67% -2.59%
2014 -2.09% -3.66%
2013 -1.3% -4.25%
2012 -3.92% -3.8%
2011 -2.71% -4.97%
2010 -4.14% -7.43%
2009 -5.46% -7.24%
2008 -2% -3.6%
2007 -0.68% -1.88%
2006 -2.19% -3.53%
2005 -3.06% -3.93%
2004 -2.4% -4.99%
2003 -6.87% -6.02%
2002 -6.34% -4.8%
2001 -5.76% -4.73%
2000 -3.55% -4%
1999 -3.08% -2.3%
1998 -4.14% -4.25%
1997 -3.14% -4.61%
1996 -2.98% -4.84%
1995 -12.3% -4.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/poland | CC BY

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Poland ran a deficit in 30 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Czech Republic

Poland
1x
Year Consumer prices inflation
Czech Republic Poland
2024 2.44% 3.78%
2023 10.7% 11.5%
2022 15.1% 14.4%
2021 3.84% 5.06%
2020 3.16% 3.37%
2019 2.85% 2.23%
2018 2.15% 1.81%
2017 2.45% 2.08%
2016 0.68% -0.66%
2015 0.31% -0.87%
2014 0.34% 0.05%
2013 1.44% 0.99%
2012 3.29% 3.56%
2011 1.92% 4.24%
2010 1.47% 2.58%
2009 1.02% 3.8%
2008 6.36% 4.16%
2007 2.85% 2.46%
2006 2.53% 1.28%
2005 1.86% 2.18%
2004 2.76% 3.38%
2003 0.12% 0.68%
2002 1.9% 1.91%
2001 4.66% 5.41%
2000 3.78% 9.9%
1999 2.14% 7.15%
1998 10.7% 11.6%
1997 8.6% 14.9%

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

GeoRank.org/economy/czech-republic/poland | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 4.39% in Poland. In 2024, inflation was 2.44% in the Czech Republic and 3.78% in Poland.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $10.3B
Chemicals & pharma $1.96B
Metals $1.77B
Textiles & consumer goods $1.75B
Transport & tourism services $1.43B
Raw materials & minerals $1.11B
Processed food, beverages & tobacco $735M
Weapons & explosives $557M
Wood & paper products $411M
Business & finance services $350M
Poland
Export category Export value
Machinery & equipment $7.42B
Textiles & consumer goods $3.33B
Metals $3.05B
Chemicals & pharma $2.89B
Raw materials & minerals $2.63B
Processed food, beverages & tobacco $1.53B
Animal & marine products $969M
Wood & paper products $839M
Raw agricultural goods $313M
Transport & tourism services $185M

Balance of trade

Czech Republic Poland
Current account balance
$6.05B
2024
$2.8B
2024
Current account balance ranking
31/190
2024
40/190
2024
Current account balance, % of GDP
+1.74%
2024
+0.3%
2024
Goods imports
$179B
2024
$367B
2024
Goods exports
$197B
2024
$361B
2024
Service imports
$38B
2024
$74.9B
2024
Service exports
$42.5B
2024
$118B
2024
Imports of goods and services, % of GDP
62.6%
2024
48.2%
2024
Exports of goods and services, % of GDP
68.9%
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.

Czech Republic Poland
Economic freedom 73.2 68.5
Economic freedom ranking 25/197 46/197
Property rights 89.8 71.8
Government integrity 64.7 60.7
Judicial effectiveness 92.1 62.5
Tax burden 78.8 72.7
Government spending 44.2 35.1
Fiscal health 82.5 74.8
Business freedom 76.8 77.5
Labor freedom 55.1 53.7
Monetary freedom 75 73.8
Trade freedom 79.4 79.4
Investment freedom 70 80
Financial freedom 70 80

Economic freedom comparison by year

Czech Republic
Poland
1x
Year Economic freedom index
Czech Republic Poland
2026 73.2 68.5
2025 72.9 67.1
2024 70.2 66
2023 71.9 67.7
2022 74.4 68.7
2021 73.8 69.7
2020 74.8 69.1
2019 73.7 67.8
2018 74.2 68.5
2017 73.3 68.3
2016 73.2 69.3
2015 72.5 68.6
2014 72.2 67
2013 70.9 66
2012 69.9 64.2
2011 70.4 64.1
2010 69.8 63.2
2009 69.4 60.3
2008 68.1 60.3
2007 67.4 58.1
2006 66.4 59.3
2005 64.6 59.6
2004 67 58.7
2003 67.5 61.8
2002 66.5 65
2001 70.2 61.8
2000 68.6 60
1999 69.7 59.6
1998 68.4 59.2
1997 68.8 56.8
1996 68.1 57.8
1995 67.8 50.7

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

GeoRank.org/economy/czech-republic/poland | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Poland
Services, % of GDP
60.2%
2024
59.1%
2024
Industry, % of GDP
29.2%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
2.54%
2024
GNI, Atlas method
$322B
2024
$789B
2024
GNI per capita, PPP
$54,800
2024
$49,540
2024
Total reserves including gold
$146B
2024
$223B
2024
Total reserves ranking
22/177
2024
17/177
2024
Net foreign direct investment
-$1.87B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$13.1B
2024
$20.6B
2024
Net outflows of foreign direct investment
$11.2B
2024
$10B
2024
Poverty at national poverty lines
10.2%
2021
13.3%
2024
Gross capital formation, % of GDP
26.3%
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/czech-republic/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.