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Economy of Ghana vs Poland compared: GDP & Debt

Updated on by Georank

Ghana has a GDP of $114B compared to $1.04T for Poland, ranking 69/197 and 21/197 by economy size, respectively.

Ghana has $55.8B in government debt (48.8% of GDP), compared to $609B (58.8% of GDP) in Poland.

Ghana vs Poland GDP by year

Ghana
Poland
1x
Year GDP, current $
Ghana Poland
2025 $114,209,905,279 $1,035,491,784,197
2024 $83,288,585,604 $917,767,106,147
2023 $80,547,146,876 $812,451,193,396
2022 $73,919,003,212 $695,607,470,875
2021 $79,514,204,730 $689,170,230,665
2020 $70,008,243,860 $605,914,237,904
2019 $68,352,629,246 $602,683,770,145
2018 $67,259,353,966 $594,616,632,477
2017 $60,385,409,435 $528,356,723,263
2016 $56,144,179,398 $473,259,623,976
2015 $49,436,806,230 $480,054,118,583
2014 $54,678,533,806 $542,134,167,179
2013 $62,845,721,960 $518,179,836,405
2012 $41,271,701,061 $498,148,649,703
2011 $39,336,668,081 $527,848,543,023
2010 $32,197,655,567 $478,111,630,684
2009 $26,048,720,006 $440,891,472,247
2008 $28,679,383,241 $535,612,030,672
2007 $24,827,339,138 $429,715,132,138
2006 $20,885,037,597 $345,897,630,736
2005 $10,744,568,381 $306,999,913,151
2004 $8,881,417,907 $256,268,656,145
2003 $7,632,723,556 $218,561,225,998
2002 $6,166,197,848 $199,694,463,256
2001 $5,314,872,854 $191,823,200,371
2000 $4,982,850,662 $172,953,527,033
1999 $7,718,109,982 $170,704,452,715
1998 $7,482,069,162 $175,282,269,667
1997 $6,891,443,192 $159,893,964,917
1996 $6,932,991,739 $160,813,026,223
1995 $6,464,382,808 $142,838,527,115
1994 $5,446,383,727 $110,803,635,288
1993 $5,968,922,939 $96,043,157,273
1992 $6,416,103,926 $94,337,050,693
1991 $6,603,185,268 $85,500,935,935
1990 $5,889,106,573 $65,977,748,211
1989 $5,251,858,440 -
1988 $5,197,765,032 -
1987 $5,074,829,932 -
1986 $5,735,677,434 -
1985 $4,504,306,723 -
1984 $4,412,279,843 -
1983 $4,057,275,132 -
1982 $4,035,994,398 -
1981 $4,222,441,860 -
1980 $4,445,228,216 -
1979 $4,020,227,920 -
1978 $3,662,478,185 -
1977 $3,189,428,571 -
1976 $2,765,254,237 -
1975 $2,810,106,383 -
1974 $2,894,409,938 -
1973 $3,006,766,758 -
1972 $2,112,293,280 -
1971 $2,417,108,578 -
1970 $2,215,028,588 -
1969 $1,962,050,556 -
1968 $1,666,909,518 -
1967 $1,747,187,645 -
1966 $2,126,300,672 -
1965 $2,053,462,968 -
1964 $1,731,296,200 -
1963 $1,540,797,589 -
1962 $1,382,515,654 -
1961 $1,302,674,325 -
1960 $1,217,230,095 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ghana vs Poland by year

Ghana
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ghana Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,257 - $28,420 -
2024 $2,419 $8,020 $25,104 $51,263
2023 $2,384 $7,556 $22,145 $48,473
2022 $2,230 $7,208 $18,891 $46,778
2021 $2,445 $6,608 $18,636 $41,060
2020 $2,195 $6,047 $16,151 $37,089
2019 $2,187 $6,003 $15,875 $35,882
2018 $2,195 $5,536 $15,658 $32,345
2017 $2,012 $5,171 $13,913 $30,170
2016 $1,912 $5,011 $12,464 $28,360
2015 $1,723 $5,191 $12,638 $26,988
2014 $1,950 $5,517 $14,262 $25,460
2013 $2,295 $5,215 $13,622 $24,434
2012 $1,544 $4,934 $13,087 $23,728
2011 $1,507 $4,381 $13,868 $22,809
2010 $1,264 $3,855 $12,568 $20,991
2009 $1,048 $3,617 $11,556 $19,300
2008 $1,183 $3,516 $14,049 $18,372
2007 $1,050 $3,241 $11,273 $16,833
2006 $906 $3,103 $9,069 $15,205
2005 $479 $2,904 $8,044 $13,936
2004 $406 $2,729 $6,712 $13,413
2003 $358 $2,584 $5,721 $12,329
2002 $297.5 $2,475 $5,223 $11,841
2001 $263.5 $2,397 $5,015 $11,175
2000 $253.7 $2,315 $4,521 $10,721
1999 $403 $2,239 $4,416 $10,081
1998 $400 $2,167 $4,534 $9,521
1997 $378 $2,097 $4,137 $8,967
1996 $389 $2,026 $4,164 $8,310
1995 $372 $1,947 $3,701 $7,715
1994 $321 $1,875 $2,875 $7,040
1993 $360 $1,821 $2,497 $6,560
1992 $396 $1,739 $2,459 $6,193
1991 $418 $1,678 $2,236 $5,925
1990 $383 $1,581 $1,731 $6,185
1989 $350 - - -
1988 $355 - - -
1987 $355 - - -
1986 $411 - - -
1985 $330 - - -
1984 $330 - - -
1983 $311 - - -
1982 $319 - - -
1981 $344 - - -
1980 $372 - - -
1979 $347 - - -
1978 $326 - - -
1977 $292.3 - - -
1976 $261 - - -
1975 $273 - - -
1974 $289.4 - - -
1973 $310 - - -
1972 $223.8 - - -
1971 $263.4 - - -
1970 $248.2 - - -
1969 $225.8 - - -
1968 $196.7 - - -
1967 $211.2 - - -
1966 $263.3 - - -
1965 $260.5 - - -
1964 $225 - - -
1963 $205 - - -
1962 $188.4 - - -
1961 $181.9 - - -
1960 $174.9 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Ghana's GDP per capita is $3,257, ranking 139/197, compared to $28,420 in Poland, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Ghana ranks 140th at $8,020, while Poland ranks 43rd at $51,263.

Economic indicators

Ghana Poland
Gross domestic product
$114B
2025
$1.04T
2025
GDP rank
69/197
2025
21/197
2025
GDP growth
5.95%
2024-2025
3.57%
2024-2025
GDP per capita
$3,257
2025
$28,420
2025
GDP per capita rank
139/197
2025
47/197
2025
GDP per capita, PPP
$8,020
2024
$51,263
2024
GDP per capita PPP rank
140/197
2024
43/197
2024
Government debt
$55.8B
2025
$609B
2025
Debt-to-GDP ratio
48.8%
2025
58.8%
2025
Government debt per person
$1,590
2025
$16,712
2025
Government debt per person rank
128/185
2025
39/185
2025
Average annual personal income after taxes
$2,135
2026
$20,616
2026
Market capitalization of domestic companies
$16.4B
2025
$316B
2025
Number of millionaires n/a
101,000
2026
Number of billionaires n/a
10
2026
Income share by richest 10%
32.2%
2016
22.9%
2023
Income share by poorest 10%
1.6%
2016
3.3%
2023
Government expenditure, % of GDP
17%
2025
50%
2025
Consumer prices inflation
14.2%
2024-2025
3.81%
2024-2025
Central bank interest rate
14%
2026
3.75%
2026
Unemployment rate
3.97%
2024
3.02%
2025
Population
36032857
36007074

Spending and national debt comparison by year

Ghana
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Ghana Poland
Government spending Government debt Government spending Government debt
2025 17% 48.8% 50% 58.8%
2024 22% 70.3% 49.4% 55.1%
2023 18.5% 79.1% 46.9% 49.5%
2022 27.5% 92.7% 43.2% 48.8%
2021 27.2% 86.9% 43.6% 53%
2020 31.5% 79.1% 47.7% 56.6%
2019 22.5% 62.9% 41.4% 45.2%
2018 20.9% 62% 41% 48.2%
2017 17.6% 57% 41.1% 50.4%
2016 19.9% 55.9% 41.1% 54.1%
2015 18.6% 53.9% 41.5% 51.1%
2014 21% 50.1% 42.7% 51.1%
2013 21.6% 42.9% 43.2% 56.9%
2012 22.1% 35.5% 43.2% 54.5%
2011 19.5% 31.2% 44.1% 54.8%
2010 19% 32.9% 46% 53.7%
2009 16.6% 25.4% 44.9% 49.7%
2008 16.6% 23.2% 44% 46.6%
2007 16.8% 21.1% 42.8% 44.4%
2006 14.4% 17.3% 44.3% 47.1%
2005 12.9% 31.7% 44.1% 46.5%
2004 13.7% 38.4% 43.4% 45%
2003 12.1% 49.3% 45.3% 46.2%
2002 10.7% 54.1% 44.9% 41.4%
2001 13.8% 57.8% 44.6% 37%
2000 12% 74.5% 42.9% 36.3%
1999 11.1% 51.7% 42.4% 39.2%
1998 11.8% 37.6% 43.9% 38.6%
1997 12% 45.2% 46% 42.6%
1996 12.4% 42.9% 50.6% 43%
1995 13% 47.6% 47.3% 48.6%
1994 12.7% 50.6% - 64.3%
1993 12.1% 34.1% - 83.9%
1992 9.2% 21.3% - 81.9%
1991 7.09% 17.3% - 76.9%
1990 6.59% 17.8% - 89.7%
1989 7.24% 23% - -
1988 7.23% 23.5% - -
1987 7.32% 26.8% - -
1986 7.29% 18.2% - -
1985 6.08% 14.4% - -
1984 4.64% 13% - -
1983 3.49% 9.21% - -
1982 4.73% 8.51% - -
1981 5.74% 8.77% - -
1980 7.51% 9.75% - -
1979 9.14% 11.5% 35.6% -
1978 6.54% 11.4% 35.8% -
1977 10.5% 20.7% 35.6% -
1976 12.8% 26% 34.8% -
1975 13.2% 21.8% 34.1% -
1974 9.52% 21.8% 28.6% -
1973 9.35% 25.4% 24.5% -
1972 11.4% 29.8% 24.1% -
1971 11.7% 29.5% 24.1% -
1970 12.2% 31.9% 25.8% -
1969 11.2% 31.4% 26.3% -
1968 12.3% 34.5% 27.3% -
1967 11.5% 33.9% 29.6% -
1966 9.12% 29.8% 31.7% -
1965 14.2% 30.2% 31.8% -
1964 15.8% 30.8% 33.5% -
1963 15.3% 30.5% 33.3% -
1962 12.5% 11.8% 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Ghana's government spending was $19.4B, accounting for 17% of its GDP, while Poland spent $517B, or 50% of GDP.

Debt-to-GDP ratio is 48.8% in Ghana and 58.8% in Poland, ranking 108/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Ghana

Poland
1x
Year Deficit/surplus, % of GDP
Ghana Poland
2025 -1.35% -7.01%
2024 -6.23% -6.48%
2023 -3.37% -5.2%
2022 -11.8% -3.37%
2021 -12% -1.68%
2020 -17.4% -6.85%
2019 -7.52% -0.73%
2018 -6.79% -0.24%
2017 -3.97% -1.49%
2016 -6.75% -2.38%
2015 -4.01% -2.59%
2014 -7.81% -3.66%
2013 -9.12% -4.25%
2012 -8.36% -3.8%
2011 -5.47% -4.97%
2010 -7.13% -7.43%
2009 -5.05% -7.24%
2008 -5.56% -3.6%
2007 -4.91% -1.88%
2006 -3.11% -3.53%
2005 -1.87% -3.93%
2004 -2.02% -5%
2003 -1.99% -6%
2002 -2.73% -4.79%
2001 -3.64% -4.71%
2000 -3.98% -3.98%
1999 -5.64% -2.29%
1998 -5.27% -4.24%
1997 -6.14% -4.59%
1996 -5.61% -4.82%
1995 -4.52% -4.38%
1994 -4.99% -
1993 -5.39% -
1992 -4.5% -
1991 -1.47% -
1990 -1.93% -
1989 -0.81% -
1988 -1.08% -
1987 -0.92% -
1986 -1.26% -
1985 -1.19% -
1984 -0.98% -
1983 -1.13% -
1982 -2.03% -
1981 -3.8% -
1980 -4.73% -
1979 -3.61% -
1978 -1.21% -
1977 -4.68% -
1976 -5.53% -
1975 -4.05% -
1974 -2.06% -
1973 -2.64% -
1972 -2.19% -
1971 0.13% -
1970 -2.35% -
1969 -2.67% -
1968 -2.34% -
1967 -2.32% -
1966 -1.29% -
1965 -3.29% -
1964 -3.72% -
1963 -5.66% -
1962 -5.04% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Ghana's government deficit, the difference between spending and revenue, was $1.54B, equivalent to 1.35% of GDP. This compares to Poland's deficit of $72.6B, or 7.01% of GDP.

Over the past 31 years, Ghana recorded a fiscal deficit in 31 of those years, while Poland ran a deficit in 31 years. On average, Ghana posted an annual deficit equal to 5.84% of GDP, compared to deficit of 4.1% of GDP for Poland.

Inflation comparison by year

Inflation
Ghana

Poland
1x
Year Consumer prices inflation
Ghana Poland
2025 14.2% 3.81%
2024 22.8% 3.79%
2023 38.1% 11.5%
2022 31.3% 14.4%
2021 9.97% 5.06%
2020 9.89% 3.37%
2019 7.14% 2.23%
2018 7.81% 1.81%
2017 12.4% 2.08%
2016 17.5% -0.66%
2015 17.1% -0.87%
2014 15.5% 0.05%
2013 11.7% 0.99%
2012 11.2% 3.56%
2011 8.73% 4.24%
2010 10.7% 2.58%
2009 19.2% 3.8%
2008 16.5% 4.16%
2007 10.7% 2.46%
2006 11.7% 1.28%
2005 15.4% 2.18%
2004 18% 3.38%
2003 29.8% 0.68%
2002 9.36% 1.91%
2001 41.5% 5.41%
2000 40.2% 9.9%
1999 4.87% 7.15%
1998 14.6% 11.6%
1997 27.9% 14.9%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ghana has recorded an average annual inflation rate of 17.4%, compared with 4.37% in Poland. In 2025, inflation was 14.2% in Ghana and 3.81% in Poland.

Top exports between countries

Ghana
Export category Export value
Processed food, beverages & tobacco $62.2M
Raw materials & minerals $8.02M
Textiles & consumer goods $2.46M
Wood & paper products $356K
Machinery & equipment $248K
Metals $205K
Precious metals & jewellery $85K
Weapons & explosives $12K
Raw agricultural goods $7K
Miscellaneous $1K
Poland
Export category Export value
Animal & marine products $76.5M
Raw agricultural goods $24.3M
Machinery & equipment $11.7M
Textiles & consumer goods $11.4M
Processed food, beverages & tobacco $9.65M
Raw materials & minerals $5.08M
Wood & paper products $3.3M
Metals $2.34M
Chemicals & pharma $1.12M
Weapons & explosives $735K

Balance of trade

Ghana Poland
Current account balance
$9.39B
2025
-$9.05B
2025
Current account balance ranking
25/190
2025
172/190
2025
Current account balance, % of GDP
+8.22%
2025
-0.87%
2025
Goods imports
$17.5B
2025
$406B
2025
Goods exports
$31.2B
2025
$390B
2025
Service imports
$14.6B
2025
$86.5B
2025
Service exports
$10.1B
2025
$131B
2025
Imports of goods and services, % of GDP
33.9%
2024
47.1%
2025
Exports of goods and services, % of GDP
35.1%
2024
50%
2025

Economic freedom indices

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

Ghana Poland
Economic freedom 57.3 68.5
Economic freedom ranking 118/197 46/197
Property rights 50.2 71.8
Government integrity 45.4 60.7
Judicial effectiveness 57.5 62.5
Tax burden 79.4 72.7
Government spending 84 35.1
Fiscal health 10.1 74.8
Business freedom 64.5 77.5
Labor freedom 54.9 53.7
Monetary freedom 56.7 73.8
Trade freedom 65.2 79.4
Investment freedom 60 80
Financial freedom 60 80

Economic freedom comparison by year

Ghana
Poland
1x
Year Economic freedom index
Ghana Poland
2026 57.3 68.5
2025 56 67.1
2024 55.8 66
2023 58 67.7
2022 59.8 68.7
2021 59.2 69.7
2020 59.4 69.1
2019 57.5 67.8
2018 56 68.5
2017 56.2 68.3
2016 63 69.3
2015 63 68.6
2014 64.2 67
2013 61.3 66
2012 60.7 64.2
2011 59.4 64.1
2010 60.2 63.2
2009 58.1 60.3
2008 57 60.3
2007 57.6 58.1
2006 55.6 59.3
2005 56.5 59.6
2004 59.1 58.7
2003 58.2 61.8
2002 57.2 65
2001 58 61.8
2000 58.1 60
1999 57.9 59.6
1998 57 59.2
1997 56.7 56.8
1996 57.7 57.8
1995 55.6 50.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Ghana is 57.3, ranking 118/197, 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

Ghana Poland
Services, % of GDP
42.9%
2025
59.7%
2025
Industry, % of GDP
29.3%
2025
25.8%
2025
Agriculture, forestry, and fishing, % of GDP
21.3%
2025
2.45%
2025
GNI, Atlas method
$92.3B
2025
$930B
2025
GNI per capita, PPP
$8,080
2025
$52,290
2025
Total reserves including gold
$4.47B
2024
$272B
2025
Total reserves ranking
108/177
2024
16/177
2025
Net foreign direct investment
-$1.87B
2025
-$11.7B
2025
Net inflows of foreign direct investment
$1.77B
2024
$20.6B
2024
Net outflows of foreign direct investment
$5.37M
2024
$10B
2024
Servicing debt to the IMF, % of GNI
3.5%
2024
n/a
Poverty at national poverty lines
23.4%
2016
13.3%
2024
Gross capital formation, % of GDP
9.9%
2024
17.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.