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Economy of Iraq vs Poland compared: GDP & Debt

Updated on by Georank team

Iraq has a GDP of $280B compared to $918B for Poland, ranking 50/197 and 21/197 by economy size, respectively.

Iraq has $130B in government debt (46.5% of GDP), compared to $507B (55.3% of GDP) in Poland.

Iraq vs Poland GDP by year

Iraq
Poland
1x
Year GDP, current $
Iraq Poland
2024 $279,641,257,615 $917,767,106,147
2023 $268,881,051,644 $812,451,193,396
2022 $287,372,232,138 $695,607,470,875
2021 $209,691,945,713 $689,170,230,665
2020 $180,898,797,517 $605,914,237,904
2019 $233,636,097,800 $602,683,770,145
2018 $227,367,469,034 $594,616,687,350
2017 $187,217,660,051 $528,356,676,667
2016 $166,743,557,748 $473,259,583,970
2015 $166,774,104,959 $480,054,118,583
2014 $228,415,656,175 $542,134,167,179
2013 $234,637,675,129 $518,179,836,405
2012 $218,002,476,129 $498,148,649,703
2011 $185,749,664,444 $527,848,543,023
2010 $138,516,722,650 $478,111,630,684
2009 $111,657,580,326 $440,891,472,247
2008 $131,614,434,154 $535,612,030,672
2007 $88,837,057,320 $429,715,132,138
2006 $65,147,051,918 $345,897,630,736
2005 $50,065,104,668 $306,999,913,151
2004 $36,633,669,269 $256,268,656,145
2003 $21,921,569,479 $218,561,225,998
2002 $32,928,454,672 $199,694,463,256
2001 $36,176,430,129 $191,823,200,371
2000 $48,364,250,944 $172,953,527,033
1999 $36,881,601,584 $170,704,452,715
1998 $20,617,405,044 $175,282,269,667
1997 $20,764,857,056 $159,893,964,917
1996 $10,433,698,621 $160,813,026,223
1995 $12,894,029,888 $142,838,527,115
1994 $3,991,349,283 $110,803,635,288
1993 $1,031,944,881 $96,043,157,273
1992 $553,671,958 $94,337,050,693
1991 $407,796,350 $85,500,935,935
1990 $180,408,064,516 $65,977,748,211
1989 $65,831,935,484 -
1988 $62,684,516,129 -
1987 $56,774,193,548 -
1986 $47,264,516,129 -
1985 $48,425,161,290 -
1984 $46,938,387,097 -
1983 $40,712,903,226 -
1982 $42,382,333,333 -
1981 $37,823,000,000 -
1980 $52,569,000,000 -
1979 $37,816,457,839 -
1978 $23,762,275,652 -
1977 $19,838,130,715 -
1976 $17,754,825,601 -
1975 $13,458,516,763 -
1974 $11,516,762,614 -
1973 $5,134,367,778 -
1972 $4,113,848,002 -
1971 $3,865,346,535 -
1970 $3,281,318,687 -
1969 $3,007,758,797 -
1968 $2,896,598,841 -
1967 $2,551,522,656 -
1966 $2,530,306,096 -
1965 $2,335,785,506 -
1964 $2,136,408,198 -
1963 $1,805,901,510 -
1962 $1,784,174,541 -
1961 $1,671,960,965 -
1960 $1,537,252,193 -

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

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

GDP per capita in Iraq vs Poland by year

Iraq
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iraq Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,074 $14,464 $25,104 $51,263
2023 $5,965 $14,653 $22,145 $48,473
2022 $6,521 $14,391 $18,891 $46,778
2021 $4,868 $12,732 $18,636 $41,060
2020 $4,295 $10,574 $16,151 $37,089
2019 $5,672 $12,249 $15,875 $35,882
2018 $5,647 $12,034 $15,658 $32,345
2017 $4,759 $10,192 $13,913 $30,170
2016 $4,334 $9,079 $12,464 $28,360
2015 $4,440 $9,334 $12,638 $26,988
2014 $6,249 $13,168 $14,262 $25,460
2013 $6,650 $14,669 $13,622 $24,434
2012 $6,478 $14,402 $13,087 $23,728
2011 $5,776 $12,912 $13,868 $22,809
2010 $4,462 $12,186 $12,568 $20,991
2009 $3,715 $11,687 $11,556 $19,300
2008 $4,543 $11,657 $14,049 $18,372
2007 $3,129 $10,783 $11,273 $16,833
2006 $2,277 $10,223 $9,069 $15,205
2005 $1,762 $9,457 $8,044 $13,936
2004 $1,328 $9,290 $6,712 $13,413
2003 $818 $6,068 $5,721 $12,329
2002 $1,266 $9,682 $5,223 $11,841
2001 $1,436 $10,720 $5,015 $11,175
2000 $1,980 $10,628 $4,521 $10,721
1999 $1,560 $9,194 $4,416 $10,081
1998 $901 $7,964 $4,534 $9,521
1997 $936 $6,020 $4,137 $8,967
1996 $485 $5,034 $4,164 $8,310
1995 $619 $4,598 $3,701 $7,715
1994 $198.2 $4,560 $2,875 $7,040
1993 $53.7 $4,509 $2,497 $6,560
1992 $30.3 $3,547 $2,459 $6,193
1991 $23 $2,694 $2,236 $5,925
1990 $10,261 - $1,731 $6,185
1989 $3,791 - - -
1988 $3,707 - - -
1987 $3,436 - - -
1986 $2,940 - - -
1985 $3,088 - - -
1984 $3,066 - - -
1983 $2,743 - - -
1982 $2,942 - - -
1981 $2,700 - - -
1980 $3,868 - - -
1979 $2,871 - - -
1978 $1,863 - - -
1977 $1,609 - - -
1976 $1,489 - - -
1975 $1,166 - - -
1974 $1,031 - - -
1973 $476 - - -
1972 $394 - - -
1971 $384 - - -
1970 $337 - - -
1969 $320 - - -
1968 $319 - - -
1967 $290.6 - - -
1966 $298.2 - - -
1965 $284.8 - - -
1964 $269.4 - - -
1963 $235.5 - - -
1962 $240.7 - - -
1961 $232.4 - - -
1960 $218.9 - - -

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

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

Iraq's GDP per capita is $6,074, ranking 113/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Iraq ranks 115th at $14,464, while Poland ranks 43rd at $51,263.

Economic indicators

Iraq Poland
Gross domestic product
$280B
2024
$918B
2024
GDP rank
50/197
2024
21/197
2024
GDP growth
-1.55%
2023-2024
3.03%
2023-2024
GDP per capita
$6,074
2024
$25,104
2024
GDP per capita rank
113/197
2024
48/197
2024
GDP per capita, PPP
$14,464
2024
$51,263
2024
GDP per capita PPP rank
115/197
2024
43/197
2024
Government debt
$130B
2024
$507B
2024
Debt-to-GDP ratio
46.5%
2024
55.3%
2024
Government debt per person
$2,822
2024
$13,874
2024
Government debt per person rank
105/185
2024
41/185
2024
Average annual personal income after taxes
$5,928
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%
24.2%
2023
22.9%
2023
Income share by poorest 10%
3.7%
2023
3.3%
2023
Government expenditure, % of GDP
42.9%
2024
49.4%
2024
Consumer prices inflation
-12.3%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
16.2%
2021
2.81%
2024
Population
48289334
35806942

Spending and national debt comparison by year

Iraq
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Iraq Poland
Government spending Government debt Government spending Government debt
2024 42.9% 46.5% 49.4% 55.3%
2023 41.2% 42.1% 46.9% 49.5%
2022 33.9% 39% 43.2% 48.8%
2021 36.3% 54.7% 43.6% 53%
2020 41.9% 72.5% 47.7% 56.6%
2019 34.7% 41.7% 41.4% 45.2%
2018 31.1% 44.4% 41% 48.2%
2017 35.5% 55.9% 41.1% 50.4%
2016 42.4% 60.3% 41.1% 54.1%
2015 43.5% 48.3% 41.5% 51.1%
2014 43.8% 27.6% 42.7% 51.1%
2013 48.2% 32% 43.2% 56.9%
2012 42.9% 34.8% 43.2% 54.5%
2011 43.4% 40.7% 44.1% 54.8%
2010 49.6% 53.5% 46% 53.7%
2009 61.1% 87.4% 44.9% 49.7%
2008 57.3% 74.2% 44% 46.6%
2007 44% 117.1% 42.8% 44.4%
2006 50.3% 143.2% 44.3% 47.1%
2005 63.2% 227.3% 44.1% 46.5%
2004 91.5% 344% 43.3% 44.9%
2003 - - 45.5% 46.4%
2002 - - 45.1% 41.6%
2001 - - 44.7% 37.2%
2000 - - 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/iraq/poland | CC BY

In 2024, Iraq's government spending was $120B, accounting for 42.9% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 46.5% in Iraq and 55.3% in Poland, ranking 117/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Iraq

Poland
1x
Year Deficit/surplus, % of GDP
Iraq Poland
2024 -4.14% -6.59%
2023 -1.14% -5.27%
2022 8.1% -3.44%
2021 -0.38% -1.75%
2020 -12.8% -6.85%
2019 0.83% -0.73%
2018 7.69% -0.24%
2017 -1.52% -1.49%
2016 -14.4% -2.38%
2015 -12.8% -2.59%
2014 -5.63% -3.66%
2013 -6.06% -4.25%
2012 4.09% -3.8%
2011 4.74% -4.97%
2010 -4.18% -7.43%
2009 -14.9% -7.24%
2008 -0.86% -3.6%
2007 9.98% -1.88%
2006 10.7% -3.53%
2005 4.07% -3.93%
2004 -35.4% -4.99%
2003 - -6.02%
2002 - -4.8%
2001 - -4.73%
2000 - -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/iraq/poland | CC BY

In 2024, Iraq's government deficit, the difference between spending and revenue, was $11.6B, equivalent to 4.14% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 21 years, Iraq recorded a fiscal deficit in 13 of those years, while Poland ran a deficit in 21 years. On average, Iraq posted an annual deficit equal to 3.05% of GDP, compared to deficit of 3.84% of GDP for Poland.

Inflation comparison by year

Inflation
Iraq

Poland
1x
Year Consumer prices inflation
Iraq Poland
2024 -12.3% 3.78%
2023 4.36% 11.5%
2022 4.99% 14.4%
2021 6.04% 5.06%
2020 0.57% 3.37%
2019 -0.2% 2.23%
2018 0.37% 1.81%
2017 0.18% 2.08%
2016 0.56% -0.66%
2015 1.39% -0.87%
2014 2.24% 0.05%
2013 1.88% 0.99%
2012 6.09% 3.56%
2011 5.8% 4.24%
2010 2.88% 2.58%
2009 6.87% 3.8%
2008 12.7% 4.16%
2007 -10.1% 2.46%
2006 53.2% 1.28%
2005 37% 2.18%
2004 27% 3.38%
2003 33.6% 0.68%
2002 19.3% 1.91%
2001 16.4% 5.41%
2000 4.98% 9.9%
1999 12.6% 7.15%
1998 14.8% 11.6%
1997 23.1% 14.9%

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

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

Over the past 28 years, Iraq has recorded an average annual inflation rate of 9.86%, compared with 4.39% in Poland. In 2024, inflation was -12.3% in Iraq and 3.78% in Poland.

Top exports between countries

Iraq
Export category Export value
Poland
Export category Export value
Machinery & equipment $86.3M
Processed food, beverages & tobacco $75.7M
Textiles & consumer goods $48M
Animal & marine products $25.3M
Chemicals & pharma $20.6M
Raw materials & minerals $2.73M
Metals $1.96M
Weapons & explosives $1.67M
Raw agricultural goods $893K
Miscellaneous $744K

Balance of trade

Iraq Poland
Current account balance
$8.37B
2024
$2.8B
2024
Current account balance ranking
24/190
2024
40/190
2024
Current account balance, % of GDP
+2.99%
2024
+0.3%
2024
Goods imports
$74.3B
2024
$367B
2024
Goods exports
$101B
2024
$361B
2024
Service imports
$30.2B
2024
$74.9B
2024
Service exports
$10.2B
2024
$118B
2024
Imports of goods and services, % of GDP
33.2%
2024
48.2%
2024
Exports of goods and services, % of GDP
37.5%
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.

Iraq Poland
Economic freedom 15.6 68.5
Economic freedom ranking 196/197 46/197
Property rights 8.3 71.8
Government integrity 20.2 60.7
Judicial effectiveness 5.8 62.5
Tax burden 85.5 72.7
Government spending 65.3 35.1
Fiscal health 95.7 74.8
Business freedom 42.8 77.5
Labor freedom 60.6 53.7
Monetary freedom 68.6 73.8
Trade freedom 40 79.4
Investment freedom 10 80
Financial freedom 10 80

Economic freedom comparison by year

Iraq
Poland
1x
Year Economic freedom index
Iraq Poland
2026 - 68.5
2025 - 67.1
2024 - 66
2023 - 67.7
2022 - 68.7
2021 - 69.7
2020 - 69.1
2019 - 67.8
2018 - 68.5
2017 - 68.3
2016 - 69.3
2015 - 68.6
2014 - 67
2013 - 66
2012 - 64.2
2011 - 64.1
2010 - 63.2
2009 - 60.3
2008 - 60.3
2007 - 58.1
2006 - 59.3
2005 - 59.6
2004 - 58.7
2003 - 61.8
2002 15.6 65
2001 17.2 61.8
2000 17.2 60
1999 17.2 59.6
1998 17.2 59.2
1997 17.2 56.8
1996 17.2 57.8
1995 - 50.7

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

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

The Economic Freedom Index for Iraq is 15.6, ranking 196/197, 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

Iraq Poland
Services, % of GDP
45.8%
2024
59.1%
2024
Industry, % of GDP
51.6%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
3.39%
2024
2.54%
2024
GNI, Atlas method
$277B
2024
$789B
2024
GNI per capita, PPP
$14,530
2024
$49,540
2024
Total reserves including gold
$101B
2024
$223B
2024
Total reserves ranking
28/177
2024
17/177
2024
Net foreign direct investment
$8.09B
2024
-$10.6B
2024
Net inflows of foreign direct investment
-$7.65B
2024
$20.6B
2024
Net outflows of foreign direct investment
$439M
2024
$10B
2024
Servicing debt to the IMF, % of GNI
1.22%
2024
n/a
Poverty at national poverty lines
17.5%
2023
13.3%
2024
Gross capital formation, % of GDP
28.2%
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/iraq/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 (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 (2020–2024, 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.