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Economy of Ethiopia vs Poland compared: GDP & Debt

Updated on by Georank team

Ethiopia has a GDP of $150B compared to $918B for Poland, ranking 60/197 and 21/197 by economy size, respectively.

Ethiopia has $48.9B in government debt (32.7% of GDP), compared to $507B (55.3% of GDP) in Poland.

Ethiopia vs Poland GDP by year

Ethiopia
Poland
1x
Year GDP, current $
Ethiopia Poland
2024 $149,740,297,953 $917,767,106,147
2023 $135,874,093,202 $812,451,193,396
2022 $123,140,304,666 $695,607,470,875
2021 $109,070,960,372 $689,170,230,665
2020 $98,676,811,061 $605,914,237,904
2019 $91,834,517,113 $602,683,770,145
2018 $83,337,901,072 $594,616,687,350
2017 $76,366,081,767 $528,356,676,667
2016 $68,475,871,210 $473,259,583,970
2015 $62,103,418,182 $480,054,118,583
2014 $55,612,228,234 $542,134,167,179
2013 $47,648,276,605 $518,179,836,405
2012 $43,310,721,414 $498,148,649,703
2011 $31,952,763,089 $527,848,543,023
2010 $29,933,790,334 $478,111,630,684
2009 $32,437,389,116 $440,891,472,247
2008 $27,066,912,635 $535,612,030,672
2007 $19,707,616,773 $429,715,132,138
2006 $15,280,861,835 $345,897,630,736
2005 $12,401,139,454 $306,999,913,151
2004 $10,131,187,261 $256,268,656,145
2003 $8,623,691,300 $218,561,225,998
2002 $7,850,809,498 $199,694,463,256
2001 $8,231,326,016 $191,823,200,371
2000 $8,242,349,618 $172,953,527,033
1999 $7,892,973,532 $170,704,452,715
1998 $8,013,274,132 $175,282,269,667
1997 $8,803,539,988 $159,893,964,917
1996 $8,761,215,548 $160,813,026,223
1995 $7,855,205,207 $142,838,527,115
1994 $7,100,806,754 $110,803,635,288
1993 $9,051,043,870 $96,043,157,273
1992 $10,754,799,037 $94,337,050,693
1991 $13,799,799,324 $85,500,935,935
1990 $12,478,943,895 $65,977,748,211
1989 $11,762,932,007 -
1988 $11,181,119,718 -
1987 $10,790,001,558 -
1986 $10,094,328,898 -
1985 $9,717,392,687 -
1984 $8,298,309,581 -
1983 $8,781,664,427 -
1982 $7,899,988,841 -
1981 $7,507,663,567 -
1980 $7,012,585,454 -
1979 $6,586,048,398 -
1978 $6,014,961,435 -
1977 $5,651,840,585 -
1976 $4,943,806,093 -
1975 $4,577,047,854 -
1974 $4,577,209,966 -
1973 $4,070,570,550 -
1972 $3,520,252,938 -
1971 $3,224,280,835 -
1970 $3,045,354,455 -
1969 $2,768,987,372 -
1968 $2,619,948,865 -
1967 $2,461,762,003 -
1966 $2,324,466,416 -
1965 $2,159,998,591 -
1964 $1,984,129,186 -
1963 $1,825,058,828 -
1962 $1,747,566,307 -
1961 $1,680,859,514 -
1960 $1,610,511,694 -

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

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

GDP per capita in Ethiopia vs Poland by year

Ethiopia
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,134 $3,288 $25,104 $51,263
2023 $1,056 $3,061 $22,145 $48,473
2022 $982 $2,845 $18,891 $46,778
2021 $893 $2,588 $18,636 $41,060
2020 $830 $2,407 $16,151 $37,089
2019 $793 $2,242 $15,875 $35,882
2018 $740 $2,095 $15,658 $32,345
2017 $696 $2,005 $13,913 $30,170
2016 $642 $1,858 $12,464 $28,360
2015 $598 $1,633 $12,638 $26,988
2014 $550 $1,485 $14,262 $25,460
2013 $484 $1,253 $13,622 $24,434
2012 $452 $1,179 $13,087 $23,728
2011 $343 $1,098 $13,868 $22,809
2010 $331 $996 $12,568 $20,991
2009 $369 $899 $11,556 $19,300
2008 $316 $845 $14,049 $18,372
2007 $237.1 $770 $11,273 $16,833
2006 $189.3 $693 $9,069 $15,205
2005 $158.2 $625 $8,044 $13,936
2004 $133.2 $558 $6,712 $13,413
2003 $116.8 $493 $5,721 $12,329
2002 $109.6 $509 $5,223 $11,841
2001 $118.5 $509 $5,015 $11,175
2000 $122.3 $474 $4,521 $10,721
1999 $120.7 $450 $4,416 $10,081
1998 $126.5 $436 $4,534 $9,521
1997 $143.4 $461 $4,137 $8,967
1996 $147.3 $453 $4,164 $8,310
1995 $136.5 $409 $3,701 $7,715
1994 $127.7 $391 $2,875 $7,040
1993 $168.5 $384 $2,497 $6,560
1992 $207.4 $343 $2,459 $6,193
1991 $277.6 $383 $2,236 $5,925
1990 $262.1 $417 $1,731 $6,185
1989 $256.4 - - -
1988 $253.2 - - -
1987 $254.1 - - -
1986 $246 - - -
1985 $243.9 - - -
1984 $214.2 - - -
1983 $232.7 - - -
1982 $215.3 - - -
1981 $212.7 - - -
1980 $203.7 - - -
1979 $192.4 - - -
1978 $178.3 - - -
1977 $170.4 - - -
1976 $152 - - -
1975 $144.3 - - -
1974 $147.9 - - -
1973 $134.9 - - -
1972 $119.8 - - -
1971 $112.7 - - -
1970 $109.4 - - -
1969 $102.3 - - -
1968 $99.5 - - -
1967 $96.1 - - -
1966 $93.2 - - -
1965 $88.9 - - -
1964 $83.8 - - -
1963 $79.2 - - -
1962 $77.8 - - -
1961 $76.7 - - -
1960 $75.3 - - -

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

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

Ethiopia's GDP per capita is $1,134, ranking 171/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Poland ranks 43rd at $51,263.

Economic indicators

Ethiopia Poland
Gross domestic product
$150B
2024
$918B
2024
GDP rank
60/197
2024
21/197
2024
GDP growth
7.61%
2023-2024
3.03%
2023-2024
GDP per capita
$1,134
2024
$25,104
2024
GDP per capita rank
171/197
2024
48/197
2024
GDP per capita, PPP
$3,288
2024
$51,263
2024
GDP per capita PPP rank
175/197
2024
43/197
2024
Government debt
$48.9B
2024
$507B
2024
Debt-to-GDP ratio
32.7%
2024
55.3%
2024
Government debt per person
$370
2024
$13,874
2024
Government debt per person rank
172/185
2024
41/185
2024
Average annual personal income after taxes
$1,946
2026
$20,736
2026
Market capitalization of domestic companies n/a
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10%
24.8%
2021
22.9%
2023
Income share by poorest 10%
3.5%
2021
3.3%
2023
Government expenditure, % of GDP
9.54%
2024
49.4%
2024
Consumer prices inflation
21%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
3.94%
2021
2.81%
2024
Population
139917664
35806942

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Ethiopia Poland
Government spending Government debt Government spending Government debt
2024 9.54% 32.7% 49.4% 55.3%
2023 10.8% 38.7% 46.9% 49.5%
2022 12.7% 46.9% 43.2% 48.8%
2021 13.8% 53.8% 43.6% 53%
2020 14.5% 53.7% 47.7% 56.6%
2019 15.4% 54.7% 41.4% 45.2%
2018 16.1% 58.4% 41% 48.2%
2017 18% 55.3% 41.1% 50.4%
2016 17.9% 51.8% 41.1% 54.1%
2015 17.3% 50.7% 41.5% 51.1%
2014 17.5% 44.2% 42.7% 51.1%
2013 17.8% 44.1% 43.2% 56.9%
2012 16.6% 39.4% 43.2% 54.5%
2011 18.2% 44.6% 44.1% 54.8%
2010 18.5% 39.4% 46% 53.7%
2009 17.1% 30% 44.9% 49.7%
2008 18.8% 56.1% 44% 46.6%
2007 20.5% 55.7% 42.8% 44.4%
2006 22.1% 79.6% 44.3% 47.1%
2005 22.9% 78.2% 44.1% 46.5%
2004 23.1% 103.1% 43.3% 44.9%
2003 27% 103.7% 45.5% 46.4%
2002 24.9% 107.4% 45.1% 41.6%
2001 22.4% 97.3% 44.7% 37.2%
2000 25.6% 93.6% 43.1% 36.4%
1999 25.8% 94.3% 42.5% 39.4%
1998 20.4% 86% 44% 38.7%
1997 17.3% 77.4% 46.1% 42.7%
1996 18.2% 129% 50.7% 43.2%
1995 16.9% 142.3% 47.5% 48.7%
1994 17.1% 150.7% - 64.3%
1993 13.4% 136.9% - 83.9%
1992 13.8% 85.4% - 81.9%
1991 16.8% 89.3% - 76.9%
1990 20.3% 91.6% - 89.7%
1989 24% 84.7% - -
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Ethiopia's government spending was $14.3B, accounting for 9.54% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 32.7% in Ethiopia and 55.3% in Poland, ranking 150/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Poland
1x
Year Deficit/surplus, % of GDP
Ethiopia Poland
2024 -1.99% -6.59%
2023 -2.6% -5.27%
2022 -4.16% -3.44%
2021 -2.77% -1.75%
2020 -2.76% -6.85%
2019 -2.53% -0.73%
2018 -3.03% -0.24%
2017 -3.24% -1.49%
2016 -2.3% -2.38%
2015 -1.95% -2.59%
2014 -2.58% -3.66%
2013 -1.93% -4.25%
2012 -1.17% -3.8%
2011 -1.61% -4.97%
2010 -1.32% -7.43%
2009 -0.93% -7.24%
2008 -2.88% -3.6%
2007 -3.57% -1.88%
2006 -3.79% -3.53%
2005 -4.12% -3.93%
2004 -2.65% -4.99%
2003 -5.59% -6.02%
2002 -5.76% -4.8%
2001 -3.76% -4.73%
2000 -8.88% -4%
1999 -8.23% -2.3%
1998 -3.51% -4.25%
1997 -1.7% -4.61%
1996 -3.81% -4.84%
1995 -2.68% -4.39%
1994 -5.23% -
1993 -4% -
1992 -4.78% -
1991 -5.83% -
1990 -6.66% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Ethiopia's government deficit, the difference between spending and revenue, was $2.98B, 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, Ethiopia recorded a fiscal deficit in 30 of those years, while Poland ran a deficit in 30 years. On average, Ethiopia posted an annual deficit equal to 3.26% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Ethiopia

Poland
1x
Year Consumer prices inflation
Ethiopia Poland
2024 21% 3.78%
2023 30.2% 11.5%
2022 33.9% 14.4%
2021 26.8% 5.06%
2020 20.4% 3.37%
2019 15.8% 2.23%
2018 13.8% 1.81%
2017 10.7% 2.08%
2016 6.63% -0.66%
2015 9.57% -0.87%
2014 6.89% 0.05%
2013 7.46% 0.99%
2012 23.6% 3.56%
2011 33.2% 4.24%
2010 8.15% 2.58%
2009 8.48% 3.8%
2008 44.4% 4.16%
2007 17.2% 2.46%
2006 12.3% 1.28%
2005 9.97% 2.18%
2004 3.33% 3.38%
2003 13.7% 0.68%
2002 0.68% 1.91%
2001 -8.24% 5.41%
2000 0.66% 9.9%
1999 7.94% 7.15%
1998 0.89% 11.6%
1997 2.4% 14.9%

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

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

Over the past 28 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 4.39% in Poland. In 2024, inflation was 21% in Ethiopia and 3.78% in Poland.

Top exports between countries

Ethiopia
Export category Export value
Raw agricultural goods $4.11M
Textiles & consumer goods $481K
Machinery & equipment $25K
Precious metals & jewellery $23K
Animal & marine products $14K
Metals $1K
Wood & paper products $1K
Poland
Export category Export value
Weapons & explosives $5.41M
Machinery & equipment $4.49M
Processed food, beverages & tobacco $2.83M
Textiles & consumer goods $340K
Raw agricultural goods $294K
Chemicals & pharma $232K
Miscellaneous $213K
Metals $94K
Raw materials & minerals $82K
Wood & paper products $33K

Balance of trade

Ethiopia Poland
Current account balance
-$3.79B
2024
$2.8B
2024
Current account balance ranking
160/190
2024
40/190
2024
Current account balance, % of GDP
-2.53%
2024
+0.3%
2024
Goods imports
$19.6B
2024
$367B
2024
Goods exports
$5.58B
2024
$361B
2024
Service imports
$5.51B
2024
$74.9B
2024
Service exports
$7.61B
2024
$118B
2024
Imports of goods and services, % of GDP
11.9%
2024
48.2%
2024
Exports of goods and services, % of GDP
5.54%
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.

Ethiopia Poland
Economic freedom 48.1 68.5
Economic freedom ranking 171/197 46/197
Property rights 22.1 71.8
Government integrity 33.2 60.7
Judicial effectiveness 19.1 62.5
Tax burden 78.6 72.7
Government spending 96.4 35.1
Fiscal health 84.3 74.8
Business freedom 44.5 77.5
Labor freedom 37.8 53.7
Monetary freedom 53.7 73.8
Trade freedom 57.4 79.4
Investment freedom 30 80
Financial freedom 20 80

Economic freedom comparison by year

Ethiopia
Poland
1x
Year Economic freedom index
Ethiopia Poland
2026 48.1 68.5
2025 48.1 67.1
2024 47.9 66
2023 48.3 67.7
2022 49.6 68.7
2021 51.7 69.7
2020 53.6 69.1
2019 53.6 67.8
2018 52.8 68.5
2017 52.7 68.3
2016 51.5 69.3
2015 51.5 68.6
2014 50 67
2013 49.4 66
2012 52 64.2
2011 50.5 64.1
2010 51.2 63.2
2009 53 60.3
2008 52.5 60.3
2007 53.6 58.1
2006 50.9 59.3
2005 51.1 59.6
2004 54.5 58.7
2003 48.8 61.8
2002 49.8 65
2001 48.9 61.8
2000 50.2 60
1999 46.7 59.6
1998 49.2 59.2
1997 48.1 56.8
1996 45.9 57.8
1995 42.6 50.7

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, 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

Ethiopia Poland
Services, % of GDP
37.5%
2024
59.1%
2024
Industry, % of GDP
25.4%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
34.8%
2024
2.54%
2024
GNI, Atlas method
$146B
2024
$789B
2024
GNI per capita, PPP
$3,280
2024
$49,540
2024
Total reserves including gold
$3.78B
2024
$223B
2024
Total reserves ranking
109/177
2024
17/177
2024
Net foreign direct investment
-$4.02B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$4.02B
2024
$20.6B
2024
Net outflows of foreign direct investment
$0
2024
$10B
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
n/a
Poverty at national poverty lines
33.1%
2021
13.3%
2024
Gross capital formation, % of GDP
20.6%
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/ethiopia/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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.