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Economy of Denmark vs Poland compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $918B for Poland, ranking 37/197 and 21/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $507B (55.3% of GDP) in Poland.

Denmark vs Poland GDP by year

Denmark
Poland
1x
Year GDP, current $
Denmark Poland
2024 $424,524,722,037 $917,767,106,147
2023 $404,651,706,118 $812,451,193,396
2022 $400,114,306,337 $695,607,470,875
2021 $406,110,162,088 $689,170,230,665
2020 $355,631,021,932 $605,914,237,904
2019 $345,401,473,013 $602,683,770,145
2018 $355,293,374,912 $594,616,687,350
2017 $331,610,593,962 $528,356,676,667
2016 $312,181,849,372 $473,259,583,970
2015 $301,758,922,338 $480,054,118,583
2014 $352,832,602,064 $542,134,167,179
2013 $344,631,016,965 $518,179,836,405
2012 $326,792,574,245 $498,148,649,703
2011 $344,315,595,263 $527,848,543,023
2010 $322,345,594,075 $478,111,630,684
2009 $322,619,152,195 $440,891,472,247
2008 $354,979,471,960 $535,612,030,672
2007 $320,213,157,595 $429,715,132,138
2006 $283,386,151,544 $345,897,630,736
2005 $265,150,087,712 $306,999,913,151
2004 $251,986,155,631 $256,268,656,145
2003 $218,421,193,436 $218,561,225,998
2002 $178,788,209,558 $199,694,463,256
2001 $164,881,594,415 $191,823,200,371
2000 $164,043,817,224 $172,953,527,033
1999 $177,887,720,536 $170,704,452,715
1998 $176,877,077,513 $175,282,269,667
1997 $173,241,365,735 $159,893,964,917
1996 $187,481,157,846 $160,813,026,223
1995 $184,848,481,008 $142,838,527,115
1994 $156,017,919,221 $110,803,635,288
1993 $143,111,306,004 $96,043,157,273
1992 $152,966,494,260 $94,337,050,693
1991 $139,180,507,778 $85,500,935,935
1990 $138,217,740,684 $65,977,748,211
1989 $112,312,200,761 -
1988 $115,540,189,705 -
1987 $109,183,446,340 -
1986 $87,748,695,217 -
1985 $62,452,421,011 -
1984 $58,868,891,335 -
1983 $60,331,158,447 -
1982 $60,084,214,872 -
1981 $61,459,941,461 -
1980 $70,811,287,816 -
1979 $70,393,030,603 -
1978 $60,320,089,218 -
1977 $49,711,709,588 -
1976 $44,503,607,444 -
1975 $40,418,967,666 -
1974 $34,125,712,481 -
1973 $30,718,181,337 -
1972 $23,230,667,549 -
1971 $19,086,192,720 -
1970 $17,075,457,733 -
1969 $15,414,902,667 -
1968 $13,505,574,133 -
1967 $13,059,064,806 -
1966 $11,931,740,293 -
1965 $10,870,670,865 -
1964 $9,677,401,337 -
1963 $8,466,044,980 -
1962 $7,953,274,741 -
1961 $7,058,361,229 -
1960 $6,361,166,545 -

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

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

GDP per capita in Denmark vs Poland by year

Denmark
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 $25,104 $51,263
2023 $68,044 $77,892 $22,145 $48,473
2022 $67,781 $78,914 $18,891 $46,778
2021 $69,341 $69,715 $18,636 $41,060
2020 $60,985 $62,682 $16,151 $37,089
2019 $59,404 $60,595 $15,875 $35,882
2018 $61,325 $57,234 $15,658 $32,345
2017 $57,522 $55,272 $13,913 $30,170
2016 $54,501 $51,821 $12,464 $28,360
2015 $53,094 $48,897 $12,638 $26,988
2014 $62,520 $47,880 $14,262 $25,460
2013 $61,378 $46,869 $13,622 $24,434
2012 $58,444 $44,755 $13,087 $23,728
2011 $61,810 $44,444 $13,868 $22,809
2010 $58,105 $43,038 $12,568 $20,991
2009 $58,413 $40,524 $11,556 $19,300
2008 $64,617 $41,467 $14,049 $18,372
2007 $58,632 $39,110 $11,273 $16,833
2006 $52,119 $37,392 $9,069 $15,205
2005 $48,926 $34,238 $8,044 $13,936
2004 $46,625 $33,016 $6,712 $13,413
2003 $40,519 $30,864 $5,721 $12,329
2002 $33,257 $30,667 $5,223 $11,841
2001 $30,768 $29,459 $5,015 $11,175
2000 $30,722 $28,648 $4,521 $10,721
1999 $33,426 $26,642 $4,416 $10,081
1998 $33,346 $25,799 $4,534 $9,521
1997 $32,780 $24,887 $4,137 $8,967
1996 $35,622 $23,723 $4,164 $8,310
1995 $35,321 $22,677 $3,701 $7,715
1994 $29,968 $21,669 $2,875 $7,040
1993 $27,582 $20,217 $2,497 $6,560
1992 $29,579 $19,830 $2,459 $6,193
1991 $27,003 $19,067 $2,236 $5,925
1990 $26,886 $18,225 $1,731 $6,185
1989 $21,882 - - -
1988 $22,525 - - -
1987 $21,296 - - -
1986 $17,137 - - -
1985 $12,213 - - -
1984 $11,517 - - -
1983 $11,797 - - -
1982 $11,740 - - -
1981 $12,000 - - -
1980 $13,822 - - -
1979 $13,757 - - -
1978 $11,818 - - -
1977 $9,770 - - -
1976 $8,773 - - -
1975 $7,988 - - -
1974 $6,764 - - -
1973 $6,117 - - -
1972 $4,654 - - -
1971 $3,846 - - -
1970 $3,464 - - -
1969 $3,151 - - -
1968 $2,776 - - -
1967 $2,701 - - -
1966 $2,487 - - -
1965 $2,284 - - -
1964 $2,049 - - -
1963 $1,807 - - -
1962 $1,711 - - -
1961 $1,531 - - -
1960 $1,389 - - -

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

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

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Poland ranks 43rd at $51,263.

Economic indicators

Denmark Poland
Gross domestic product
$425B
2024
$918B
2024
GDP rank
37/197
2024
21/197
2024
GDP growth
3.48%
2023-2024
3.03%
2023-2024
GDP per capita
$71,026
2024
$25,104
2024
GDP per capita rank
12/197
2024
48/197
2024
GDP per capita, PPP
$81,878
2024
$51,263
2024
GDP per capita PPP rank
14/197
2024
43/197
2024
Government debt
$134B
2024
$507B
2024
Debt-to-GDP ratio
31.5%
2024
55.3%
2024
Government debt per person
$22,340
2024
$13,874
2024
Government debt per person rank
30/185
2024
41/185
2024
Average annual personal income after taxes
$53,468
2026
$20,736
2026
Market capitalization of domestic companies
$151B
2004
$197B
2024
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2025
10
2025
Income share by richest 10%
25.5%
2023
22.9%
2023
Income share by poorest 10%
3.6%
2023
3.3%
2023
Government expenditure, % of GDP
47.3%
2024
49.4%
2024
Consumer prices inflation
1.37%
2023-2024
3.78%
2023-2024
Central bank interest rate
1.6%
2025
4%
2025
Unemployment rate
6.15%
2024
2.81%
2024
Population
6032403
35806942

Spending and national debt comparison by year

Denmark
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Denmark Poland
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 49.4% 55.3%
2023 47.4% 33.8% 46.9% 49.5%
2022 45.1% 34.2% 43.2% 48.8%
2021 49.7% 40.7% 43.6% 53%
2020 53.3% 46.3% 47.7% 56.6%
2019 49.8% 38.3% 41.4% 45.2%
2018 50.8% 38.5% 41% 48.2%
2017 50.6% 40.2% 41.1% 50.4%
2016 52.4% 41.7% 41.1% 54.1%
2015 54.4% 44.6% 41.5% 51.1%
2014 55.1% 48.7% 42.7% 51.1%
2013 55.6% 47.8% 43.2% 56.9%
2012 57.9% 48.7% 43.2% 54.5%
2011 56.3% 50% 44.1% 54.8%
2010 56.5% 46.1% 46% 53.7%
2009 56.3% 43% 44.9% 49.7%
2008 50.3% 35.5% 44% 46.6%
2007 49.5% 29.5% 42.8% 44.4%
2006 49.7% 33.2% 44.3% 47.1%
2005 51.1% 39.4% 44.1% 46.5%
2004 52.8% 46.2% 43.3% 44.9%
2003 53.5% 48.2% 45.5% 46.4%
2002 53.1% 50.3% 45.1% 41.6%
2001 53% 50.1% 44.7% 37.2%
2000 52.9% 53.6% 43.1% 36.4%
1999 54.7% 56.8% 42.5% 39.4%
1998 55.6% 60.3% 44% 38.7%
1997 56.2% 64.4% 46.1% 42.7%
1996 58.2% 68.3% 50.7% 43.2%
1995 58.7% 71.5% 47.5% 48.7%
1994 59.5% 75.3% - 64.3%
1993 59.5% 78.7% - 83.9%
1992 56.4% 66.7% - 81.9%
1991 55.5% 63.2% - 76.9%
1990 55.1% 62.4% - 89.7%
1989 56.2% 62.2% - -
1988 56.1% 64.7% - -
1987 54% 62.5% - -
1986 52.3% 66.8% - -
1985 55.5% 74.7% - -
1984 56.6% 77.7% - -
1983 57.9% 74.2% - -
1982 57.7% 64.5% - -
1981 56.3% 51.7% - -
1980 52.7% 39.2% - -
1979 49.6% 31.8% 35.6% -
1978 47.2% 25.5% 35.8% -
1977 45.6% 15.2% 35.6% -
1976 45% 11.4% 34.8% -
1975 45.3% 7.01% 34.1% -
1974 43.6% 6.2% 28.6% -
1973 39.5% 8.94% 24.5% -
1972 42.1% 11.5% 24.1% -
1971 42.2% 12.9% 24.1% -
1970 24.4% 7.62% 25.8% -
1969 25.3% 8.36% 26.3% -
1968 24.3% 9.36% 27.3% -
1967 22.2% 10.1% 29.6% -
1966 21.1% 11.2% 31.7% -
1965 17.1% 12.9% 31.8% -
1964 17.6% 14.5% 33.5% -
1963 18.2% 13.7% 33.3% -
1962 17% 15.3% 43% -
1961 15.6% 16.4% 42.8% -
1960 16.4% 20.1% 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/denmark/poland | CC BY

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 55.3% in Poland, ranking 155/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Poland
1x
Year Deficit/surplus, % of GDP
Denmark Poland
2024 4.46% -6.59%
2023 3.43% -5.27%
2022 3.39% -3.44%
2021 4.12% -1.75%
2020 0.36% -6.85%
2019 4.28% -0.73%
2018 0.81% -0.24%
2017 1.69% -1.49%
2016 0.3% -2.38%
2015 -0.9% -2.59%
2014 1.43% -3.66%
2013 -0.94% -4.25%
2012 -3.2% -3.8%
2011 -1.77% -4.97%
2010 -2.52% -7.43%
2009 -2.75% -7.24%
2008 3.46% -3.6%
2007 5.31% -1.88%
2006 5.29% -3.53%
2005 5.2% -3.93%
2004 2.23% -4.99%
2003 0.14% -6.02%
2002 0.25% -4.8%
2001 1.13% -4.73%
2000 1.79% -4%
1999 1.06% -2.3%
1998 -0.28% -4.25%
1997 -1.22% -4.61%
1996 -2.4% -4.84%
1995 -3.5% -4.39%
1994 -3.85% -
1993 -3.73% -
1992 -2.6% -
1991 -3.15% -
1990 -1.78% -
1989 0.3% -
1988 1.46% -
1987 2.46% -
1986 3.23% -
1985 -1.38% -
1984 -3.58% -
1983 -6.29% -
1982 -8.22% -
1981 -5.84% -
1980 -2.32% -
1979 -0.69% -
1978 0.41% -
1977 0.37% -
1976 0.19% -
1975 -1.23% -
1974 3.7% -
1973 4.97% -
1972 5.01% -
1971 4.96% -
1970 0.7% -
1969 0.3% -
1968 -0.06% -
1967 1.49% -
1966 0.99% -
1965 2.13% -
1964 1.79% -
1963 1.2% -
1962 -0.09% -
1961 1.73% -
1960 1.25% -
1959 0.79% -
1958 0.25% -
1957 0.26% -
1956 -0.01% -
1955 -1.17% -
1954 -0.84% -
1953 1.75% -
1952 1.18% -
1951 0.79% -
1950 1.08% -
1949 0.63% -
1948 1.07% -
1947 0.84% -
1946 2.69% -
1945 -1.03% -
1944 0% -
1943 0% -
1942 0% -
1941 0% -
1940 0% -
1939 0% -
1938 0.03% -
1937 0.22% -
1936 -1.36% -
1935 -0.97% -
1934 0.03% -
1933 1.69% -
1932 -3.22% -
1931 -1.67% -
1930 0.03% -
1929 0.13% -
1928 -4.99% -
1927 -2.33% -
1926 -0.48% -
1925 -3.1% -
1924 -0.8% -
1923 -0.56% -
1922 -1.33% -
1921 -2.41% -
1920 -0.46% -
1919 -0.38% -
1918 1.95% -
1917 3.1% -
1916 1.51% -
1915 -0.48% -
1914 0.43% -
1913 0.07% -
1912 0.13% -
1911 -1.02% -
1910 -1.72% -
1909 -2.49% -
1908 -0.82% -
1907 0.26% -
1906 -0.42% -
1905 0.22% -
1904 -0.1% -
1903 0.03% -
1902 -0.06% -
1901 -0.71% -
1900 -0.84% -
1899 -0.59% -
1898 -0.43% -
1897 -0.61% -
1896 -0.07% -
1895 -0.17% -
1894 -0.26% -
1893 -0.42% -
1892 -0.73% -
1891 -0.76% -
1890 -0.97% -
1889 -0.55% -
1888 -0.49% -
1887 -0.68% -
1886 -0.39% -
1885 0.48% -
1884 1.2% -
1883 0.73% -
1882 0.35% -
1881 0.42% -
1880 -2.65% -

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/denmark/poland | CC BY

In 2024, Denmark's government surplus, the difference between spending and revenue, was $18.9B, equivalent to 4.46% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Denmark recorded a fiscal deficit in 10 of those years, while Poland ran a deficit in 30 years. On average, Denmark posted an annual surplus equal to 1.02% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Denmark

Poland
1x
Year Consumer prices inflation
Denmark Poland
2024 1.37% 3.78%
2023 3.31% 11.5%
2022 7.7% 14.4%
2021 1.85% 5.06%
2020 0.42% 3.37%
2019 0.76% 2.23%
2018 0.81% 1.81%
2017 1.15% 2.08%
2016 0.25% -0.66%
2015 0.45% -0.87%
2014 0.56% 0.05%
2013 0.79% 0.99%
2012 2.4% 3.56%
2011 2.76% 4.24%
2010 2.31% 2.58%
2009 1.3% 3.8%
2008 3.42% 4.16%
2007 1.69% 2.46%
2006 1.92% 1.28%
2005 1.82% 2.18%
2004 1.15% 3.38%
2003 2.08% 0.68%
2002 2.42% 1.91%
2001 2.34% 5.41%
2000 2.9% 9.9%
1999 2.5% 7.15%
1998 1.85% 11.6%
1997 2.18% 14.9%

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

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

Over the past 28 years, Denmark has recorded an average annual inflation rate of 1.95%, compared with 4.39% in Poland. In 2024, inflation was 1.37% in Denmark and 3.78% in Poland.

Top exports between countries

Denmark
Export category Export value
Animal & marine products $1.48B
Machinery & equipment $1.21B
Transport & tourism services $1.19B
Textiles & consumer goods $894M
Metals $695M
Chemicals & pharma $567M
Business & finance services $370M
Processed food, beverages & tobacco $231M
IT & IP services $220M
Manufacturing & construction services $217M
Poland
Export category Export value
Machinery & equipment $2.22B
Textiles & consumer goods $904M
Chemicals & pharma $704M
Processed food, beverages & tobacco $674M
Metals $564M
Wood & paper products $443M
Animal & marine products $363M
Raw materials & minerals $250M
Raw agricultural goods $171M
Transport & tourism services $50.9M

Balance of trade

Denmark Poland
Current account balance
$52.1B
2024
$2.8B
2024
Current account balance ranking
14/190
2024
40/190
2024
Current account balance, % of GDP
+12.3%
2024
+0.3%
2024
Goods imports
$132B
2024
$367B
2024
Goods exports
$172B
2024
$361B
2024
Service imports
$125B
2024
$74.9B
2024
Service exports
$129B
2024
$118B
2024
Imports of goods and services, % of GDP
60.8%
2024
48.2%
2024
Exports of goods and services, % of GDP
71%
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.

Denmark Poland
Economic freedom 79 68.5
Economic freedom ranking 8/197 46/197
Property rights 99.9 71.8
Government integrity 98 60.7
Judicial effectiveness 89.3 62.5
Tax burden 43.4 72.7
Government spending 34.8 35.1
Fiscal health 98 74.8
Business freedom 90.4 77.5
Labor freedom 65 53.7
Monetary freedom 80.1 73.8
Trade freedom 79.4 79.4
Investment freedom 90 80
Financial freedom 80 80

Economic freedom comparison by year

Denmark
Poland
1x
Year Economic freedom index
Denmark Poland
2026 79 68.5
2025 79.1 67.1
2024 77.8 66
2023 77.6 67.7
2022 78 68.7
2021 77.8 69.7
2020 78.3 69.1
2019 76.7 67.8
2018 76.6 68.5
2017 75.1 68.3
2016 75.3 69.3
2015 76.3 68.6
2014 76.1 67
2013 76.1 66
2012 76.2 64.2
2011 78.6 64.1
2010 77.9 63.2
2009 79.6 60.3
2008 79.2 60.3
2007 77 58.1
2006 75.4 59.3
2005 75.3 59.6
2004 72.4 58.7
2003 73.2 61.8
2002 71.1 65
2001 68.3 61.8
2000 68.3 60
1999 68.1 59.6
1998 67.5 59.2
1997 67.5 56.8
1996 67.3 57.8
1995 - 50.7

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

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, 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

Denmark Poland
Services, % of GDP
63.5%
2024
59.1%
2024
Industry, % of GDP
24.1%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
2.54%
2024
GNI, Atlas method
$434B
2024
$789B
2024
GNI per capita, PPP
$84,680
2024
$49,540
2024
Total reserves including gold
$108B
2024
$223B
2024
Total reserves ranking
25/177
2024
17/177
2024
Net foreign direct investment
$11.9B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$18.5B
2024
$20.6B
2024
Net outflows of foreign direct investment
$30.7B
2024
$10B
2024
Poverty at national poverty lines
12.4%
2021
13.3%
2024
Gross capital formation, % of GDP
23.2%
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/denmark/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) | Public Finances in Modern History (1880–1994, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2023–2024, 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.