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Economy of Gambia vs Poland compared: GDP & Debt

Updated on by Georank team

The Gambia has a GDP of $2.4B compared to $918B for Poland, ranking 174/197 and 21/197 by economy size, respectively.

The Gambia has $1.92B in government debt (80% of GDP), compared to $507B (55.3% of GDP) in Poland.

Gambia vs Poland GDP by year

Gambia
Poland
1x
Year GDP, current $
Gambia Poland
2024 $2,404,888,749 $917,767,106,147
2023 $2,382,262,185 $812,451,193,396
2022 $2,204,734,528 $695,607,470,875
2021 $2,014,158,842 $689,170,230,665
2020 $1,812,170,891 $605,914,237,904
2019 $1,813,609,692 $602,683,770,145
2018 $1,670,671,328 $594,616,687,350
2017 $1,504,909,463 $528,356,676,667
2016 $1,484,578,886 $473,259,583,970
2015 $1,378,176,609 $480,054,118,583
2014 $1,229,461,721 $542,134,167,179
2013 $1,375,609,453 $518,179,836,405
2012 $1,415,004,738 $498,148,649,703
2011 $1,409,693,597 $527,848,543,023
2010 $1,543,294,927 $478,111,630,684
2009 $1,450,142,509 $440,891,472,247
2008 $1,561,766,956 $535,612,030,672
2007 $1,279,703,047 $429,715,132,138
2006 $1,054,112,488 $345,897,630,736
2005 $1,027,701,068 $306,999,913,151
2004 $961,900,651 $256,268,656,145
2003 $487,038,685 $218,561,225,998
2002 $578,235,309 $199,694,463,256
2001 $687,410,645 $191,823,200,371
2000 $782,913,872 $172,953,527,033
1999 $814,724,032 $170,704,452,715
1998 $840,285,265 $175,282,269,667
1997 $803,633,342 $159,893,964,917
1996 $848,239,446 $160,813,026,223
1995 $785,999,865 $142,838,527,115
1994 $746,493,952 $110,803,635,288
1993 $755,040,974 $96,043,157,273
1992 $714,254,256 $94,337,050,693
1991 $690,311,081 $85,500,935,935
1990 $317,083,695 $65,977,748,211
1989 $284,120,329 -
1988 $266,672,212 -
1987 $220,626,484 -
1986 $185,646,987 -
1985 $225,726,359 -
1984 $177,340,880 -
1983 $213,448,585 -
1982 $216,050,552 -
1981 $218,767,743 -
1980 $241,083,090 -
1979 $207,112,628 -
1978 $171,833,086 -
1977 $138,093,099 -
1976 $112,190,829 -
1975 $115,179,719 -
1974 $95,796,022 -
1973 $75,187,749 -
1972 $59,160,569 -
1971 $55,728,663 -
1970 $52,296,084 -
1969 $45,168,072 -
1968 $41,160,066 -
1967 $46,695,007 -
1966 $44,212,081 -

Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).

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

GDP per capita in Gambia vs Poland by year

Gambia
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Gambia Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $871 $3,476 $25,104 $51,263
2023 $883 $3,289 $22,145 $48,473
2022 $836 $3,067 $18,891 $46,778
2021 $782 $2,778 $18,636 $41,060
2020 $720 $2,531 $16,151 $37,089
2019 $738 $2,422 $15,875 $35,882
2018 $696 $2,277 $15,658 $32,345
2017 $643 $2,039 $13,913 $30,170
2016 $650 $2,013 $12,464 $28,360
2015 $620 $1,990 $12,638 $26,988
2014 $568 $1,934 $14,262 $25,460
2013 $654 $2,007 $13,622 $24,434
2012 $693 $2,065 $13,087 $23,728
2011 $711 $2,064 $13,868 $22,809
2010 $801 $2,267 $12,568 $20,991
2009 $775 $2,177 $11,556 $19,300
2008 $859 $2,088 $14,049 $18,372
2007 $725 $1,985 $11,273 $16,833
2006 $615 $1,931 $9,069 $15,205
2005 $616 $1,938 $8,044 $13,936
2004 $593 $1,979 $6,712 $13,413
2003 $309 $1,850 $5,721 $12,329
2002 $377 $1,744 $5,223 $11,841
2001 $460 $1,823 $5,015 $11,175
2000 $538 $1,731 $4,521 $10,721
1999 $575 $1,649 $4,416 $10,081
1998 $610 $1,572 $4,534 $9,521
1997 $600 $1,544 $4,137 $8,967
1996 $652 $1,489 $4,164 $8,310
1995 $622 $1,472 $3,701 $7,715
1994 $608 $1,473 $2,875 $7,040
1993 $635 $1,487 $2,497 $6,560
1992 $623 $1,462 $2,459 $6,193
1991 $628 $1,440 $2,236 $5,925
1990 $301 $1,409 $1,731 $6,185
1989 $280.9 - - -
1988 $274.9 - - -
1987 $237 - - -
1986 $207.7 - - -
1985 $262.8 - - -
1984 $214.8 - - -
1983 $268.6 - - -
1982 $282.1 - - -
1981 $296 - - -
1980 $338 - - -
1979 $300 - - -
1978 $257.6 - - -
1977 $213.8 - - -
1976 $179.3 - - -
1975 $189.8 - - -
1974 $162.6 - - -
1973 $131.4 - - -
1972 $106.5 - - -
1971 $103.3 - - -
1970 $99.8 - - -
1969 $88.7 - - -
1968 $83.1 - - -
1967 $97 - - -
1966 $94.4 - - -

Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).

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

The Gambia's GDP per capita is $871, ranking 183/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), the Gambia ranks 172nd at $3,476, while Poland ranks 43rd at $51,263.

Economic indicators

Gambia Poland
Gross domestic product
$2.4B
2024
$918B
2024
GDP rank
174/197
2024
21/197
2024
GDP growth
5.55%
2023-2024
3.03%
2023-2024
GDP per capita
$871
2024
$25,104
2024
GDP per capita rank
183/197
2024
48/197
2024
GDP per capita, PPP
$3,476
2024
$51,263
2024
GDP per capita PPP rank
172/197
2024
43/197
2024
Government debt
$1.92B
2024
$507B
2024
Debt-to-GDP ratio
80%
2024
55.3%
2024
Government debt per person
$697
2024
$13,874
2024
Government debt per person rank
155/185
2024
41/185
2024
Average annual personal income after taxes
$741
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%
30.5%
2020
22.9%
2023
Income share by poorest 10%
2.6%
2020
3.3%
2023
Government expenditure, % of GDP
25.8%
2024
49.4%
2024
Consumer prices inflation
11.6%
2023-2024
3.78%
2023-2024
Central bank interest rate
17%
2023
4%
2025
Unemployment rate
6.48%
2023
2.81%
2024
Population
2902554
35806942

Spending and national debt comparison by year

Gambia
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Gambia Poland
Government spending Government debt Government spending Government debt
2024 25.8% 80% 49.4% 55.3%
2023 24.9% 80.2% 46.9% 49.5%
2022 24.6% 83.9% 43.2% 48.8%
2021 21.5% 83.1% 43.6% 53%
2020 25.3% 85.9% 47.7% 56.6%
2019 23.9% 83% 41.4% 45.2%
2018 19% 83.6% 41% 48.2%
2017 23.6% 87% 41.1% 50.4%
2016 19.4% 80.7% 41.1% 54.1%
2015 19.6% 69.4% 41.5% 51.1%
2014 19% 71.1% 42.7% 51.1%
2013 17.2% 58.2% 43.2% 56.9%
2012 19.1% 49.5% 43.2% 54.5%
2011 16.5% 49.2% 44.1% 54.8%
2010 14.6% 42.9% 46% 53.7%
2009 14.4% 38.9% 44.9% 49.7%
2008 11.6% 39.5% 44% 46.6%
2007 11.2% 38% 42.8% 44.4%
2006 14% 87.3% 44.3% 47.1%
2005 12.9% 82.6% 44.1% 46.5%
2004 12.4% 81.3% 43.3% 44.9%
2003 9.3% 91.7% 45.5% 46.4%
2002 8.59% 93.9% 45.1% 41.6%
2001 9.68% 75.2% 44.7% 37.2%
2000 9.54% 73.3% 43.1% 36.4%
1999 - - 42.5% 39.4%
1998 - - 44% 38.7%
1997 - - 46.1% 42.7%
1996 - - 50.7% 43.2%
1995 - - 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/gambia/poland | CC BY

In 2024, the Gambia's government spending was $621M, accounting for 25.8% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 80% in the Gambia and 55.3% in Poland, ranking 45/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Gambia

Poland
1x
Year Deficit/surplus, % of GDP
Gambia Poland
2024 -4.08% -6.59%
2023 -3.69% -5.27%
2022 -5.72% -3.44%
2021 -4.77% -1.75%
2020 -2.37% -6.85%
2019 -2.75% -0.73%
2018 -3.92% -0.24%
2017 -4.35% -1.49%
2016 -6.22% -2.38%
2015 -5.38% -2.59%
2014 -3.94% -3.66%
2013 -5.11% -4.25%
2012 -2.85% -3.8%
2011 -3.03% -4.97%
2010 -2.93% -7.43%
2009 -1.65% -7.24%
2008 -0.45% -3.6%
2007 0.27% -1.88%
2006 -3.19% -3.53%
2005 -3.33% -3.93%
2004 -1.77% -4.99%
2003 -1.73% -6.02%
2002 0.06% -4.8%
2001 -2.52% -4.73%
2000 -0.09% -4%
1999 - -2.3%
1998 - -4.25%
1997 - -4.61%
1996 - -4.84%
1995 - -4.39%

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

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

In 2024, the Gambia's government deficit, the difference between spending and revenue, was $98.2M, equivalent to 4.08% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 25 years, the Gambia recorded a fiscal deficit in 23 of those years, while Poland ran a deficit in 25 years. On average, the Gambia posted an annual deficit equal to 3.02% of GDP, compared to deficit of 4.01% of GDP for Poland.

Inflation comparison by year

Inflation
Gambia

Poland
1x
Year Consumer prices inflation
Gambia Poland
2024 11.6% 3.78%
2023 17% 11.5%
2022 11.5% 14.4%
2021 7.37% 5.06%
2020 5.93% 3.37%
2019 7.12% 2.23%
2018 6.52% 1.81%
2017 8.03% 2.08%
2016 7.23% -0.66%
2015 6.81% -0.87%
2014 5.95% 0.05%
2013 5.7% 0.99%
2012 4.25% 3.56%
2011 4.8% 4.24%
2010 5.05% 2.58%
2009 4.56% 3.8%
2008 4.44% 4.16%
2007 5.37% 2.46%
2006 2.06% 1.28%
2005 4.84% 2.18%
2004 14.2% 3.38%
2003 17% 0.68%
2002 8.61% 1.91%
2001 4.49% 5.41%
2000 0.84% 9.9%
1999 3.81% 7.15%
1998 1.11% 11.6%
1997 2.78% 14.9%

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

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

Over the past 28 years, the Gambia has recorded an average annual inflation rate of 6.75%, compared with 4.39% in Poland. In 2024, inflation was 11.6% in the Gambia and 3.78% in Poland.

Top exports between countries

Gambia
Export category Export value
Machinery & equipment $12K
Poland
Export category Export value
Raw agricultural goods $4.99M
Processed food, beverages & tobacco $2.6M
Textiles & consumer goods $2M
Machinery & equipment $1.05M
Animal & marine products $965K
Miscellaneous $367K
Raw materials & minerals $155K
Metals $93K
Chemicals & pharma $90K
Wood & paper products $24K

Balance of trade

Gambia Poland
Current account balance
-$99.8M
2024
$2.8B
2024
Current account balance ranking
88/190
2024
40/190
2024
Current account balance, % of GDP
-4.15%
2024
+0.3%
2024
Goods imports
$1.39B
2024
$367B
2024
Goods exports
$363M
2024
$361B
2024
Service imports
$161M
2024
$74.9B
2024
Service exports
$485M
2024
$118B
2024
Imports of goods and services, % of GDP
33.4%
2024
48.2%
2024
Exports of goods and services, % of GDP
8.75%
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.

Gambia Poland
Economic freedom 56.3 68.5
Economic freedom ranking 123/197 46/197
Property rights 55.4 71.8
Government integrity 40.5 60.7
Judicial effectiveness 45.8 62.5
Tax burden 79.2 72.7
Government spending 81.1 35.1
Fiscal health 54.8 74.8
Business freedom 50.1 77.5
Labor freedom 46.4 53.7
Monetary freedom 57.3 73.8
Trade freedom 64.8 79.4
Investment freedom 50 80
Financial freedom 50 80

Economic freedom comparison by year

Gambia
Poland
1x
Year Economic freedom index
Gambia Poland
2026 56.3 68.5
2025 56.8 67.1
2024 58.2 66
2023 57.9 67.7
2022 58 68.7
2021 58.8 69.7
2020 56.3 69.1
2019 52.4 67.8
2018 52.3 68.5
2017 53.4 68.3
2016 57.1 69.3
2015 57.5 68.6
2014 59.5 67
2013 58.8 66
2012 58.8 64.2
2011 57.4 64.1
2010 55.1 63.2
2009 55.8 60.3
2008 56.9 60.3
2007 57.7 58.1
2006 57.3 59.3
2005 56.5 59.6
2004 55.3 58.7
2003 56.3 61.8
2002 57.7 65
2001 56.6 61.8
2000 52.7 60
1999 52.1 59.6
1998 53.4 59.2
1997 52.9 56.8
1996 - 57.8
1995 - 50.7

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

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

The Economic Freedom Index for the Gambia is 56.3, ranking 123/197, 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

Gambia Poland
Services, % of GDP
56.8%
2024
59.1%
2024
Industry, % of GDP
15.3%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
20.4%
2024
2.54%
2024
GNI, Atlas method
$2.43B
2024
$789B
2024
GNI per capita, PPP
$3,430
2024
$49,540
2024
Total reserves including gold
$629M
2024
$223B
2024
Total reserves ranking
151/177
2024
17/177
2024
Net foreign direct investment
-$232M
2024
-$10.6B
2024
Net inflows of foreign direct investment
$232M
2024
$20.6B
2024
Net outflows of foreign direct investment
-$665K
2024
$10B
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
n/a
Poverty at national poverty lines
53.4%
2020
13.3%
2024
Gross capital formation, % of GDP
29.9%
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/gambia/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1966–2024, 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.

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.