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Economy of Israel vs Poland compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $918B for Poland, ranking 29/197 and 21/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $507B (55.3% of GDP) in Poland.

Israel vs Poland GDP by year

Israel
Poland
1x
Year GDP, current $
Israel Poland
2024 $540,379,921,262 $917,767,106,147
2023 $512,184,638,999 $812,451,193,396
2022 $525,181,008,026 $695,607,470,875
2021 $489,851,549,972 $689,170,230,665
2020 $410,768,352,658 $605,914,237,904
2019 $400,645,216,359 $602,683,770,145
2018 $376,299,083,108 $594,616,687,350
2017 $358,451,839,053 $528,356,676,667
2016 $321,940,971,558 $473,259,583,970
2015 $303,469,434,072 $480,054,118,583
2014 $315,017,088,117 $542,134,167,179
2013 $298,478,070,673 $518,179,836,405
2012 $263,589,172,712 $498,148,649,703
2011 $268,094,998,225 $527,848,543,023
2010 $239,679,036,634 $478,111,630,684
2009 $213,403,181,853 $440,891,472,247
2008 $221,231,658,863 $535,612,030,672
2007 $184,681,214,673 $429,715,132,138
2006 $158,900,547,825 $345,897,630,736
2005 $147,519,922,009 $306,999,913,151
2004 $140,047,984,605 $256,268,656,145
2003 $131,408,914,824 $218,561,225,998
2002 $125,332,331,884 $199,694,463,256
2001 $135,002,039,613 $191,823,200,371
2000 $136,512,300,542 $172,953,527,033
1999 $121,417,185,062 $170,704,452,715
1998 $120,547,409,279 $175,282,269,667
1997 $119,459,826,347 $159,893,964,917
1996 $115,116,595,545 $160,813,026,223
1995 $105,497,418,059 $142,838,527,115
1994 $90,740,103,829 $110,803,635,288
1993 $79,855,877,174 $96,043,157,273
1992 $79,457,685,757 $94,337,050,693
1991 $70,998,755,007 $85,500,935,935
1990 $62,016,729,541 $65,977,748,211
1989 $52,443,479,454 -
1988 $52,650,948,910 -
1987 $43,049,543,635 -
1986 $35,834,154,874 -
1985 $28,905,736,367 -
1984 $30,645,607,293 -
1983 $32,675,755,462 -
1982 $29,255,285,401 -
1981 $26,882,009,819 -
1980 $25,395,256,478 -
1979 $22,609,741,060 -
1978 $17,701,286,907 -
1977 $18,257,113,904 -
1976 $15,956,349,550 -
1975 $16,141,767,373 -
1974 $17,172,607,138 -
1973 $11,902,574,259 -
1972 $9,222,557,539 -
1971 $7,052,544,000 -
1970 $7,406,712,876 -
1969 $6,297,852,761 -
1968 $5,458,427,928 -
1967 $4,762,386,783 -
1966 $4,703,300,098 -
1965 $4,329,084,429 -
1964 $4,024,344,853 -
1963 $3,535,949,089 -
1962 $2,966,154,031 -
1961 $3,708,586,471 -
1960 $3,070,585,807 -

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

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

GDP per capita in Israel vs Poland by year

Israel
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $25,104 $51,263
2023 $52,004 $55,171 $22,145 $48,473
2022 $54,950 $53,619 $18,891 $46,778
2021 $52,271 $46,162 $18,636 $41,060
2020 $44,576 $40,955 $16,151 $37,089
2019 $44,251 $41,325 $15,875 $35,882
2018 $42,363 $40,190 $15,658 $32,345
2017 $41,138 $39,471 $13,913 $30,170
2016 $37,672 $38,189 $12,464 $28,360
2015 $36,213 $35,871 $12,638 $26,988
2014 $38,343 $34,816 $14,262 $25,460
2013 $37,034 $34,827 $13,622 $24,434
2012 $33,321 $32,484 $13,087 $23,728
2011 $34,523 $31,314 $13,868 $22,809
2010 $31,439 $29,456 $12,568 $20,991
2009 $28,508 $28,087 $11,556 $19,300
2008 $30,269 $28,084 $14,049 $18,372
2007 $25,721 $28,307 $11,273 $16,833
2006 $22,527 $26,385 $9,069 $15,205
2005 $21,287 $25,701 $8,044 $13,936
2004 $20,568 $26,078 $6,712 $13,413
2003 $19,643 $24,702 $5,721 $12,329
2002 $19,076 $26,101 $5,223 $11,841
2001 $20,966 $25,806 $5,015 $11,175
2000 $21,707 $25,766 $4,521 $10,721
1999 $19,823 $23,415 $4,416 $10,081
1998 $20,189 $22,927 $4,534 $9,521
1997 $20,469 $22,279 $4,137 $8,967
1996 $20,224 $21,672 $4,164 $8,310
1995 $19,026 $20,642 $3,701 $7,715
1994 $16,807 $19,478 $2,875 $7,040
1993 $15,179 $18,218 $2,497 $6,560
1992 $15,510 $17,553 $2,459 $6,193
1991 $14,346 $16,486 $2,236 $5,925
1990 $13,308 $15,721 $1,731 $6,185
1989 $11,608 - - -
1988 $11,853 - - -
1987 $9,853 - - -
1986 $8,335 - - -
1985 $6,829 - - -
1984 $7,369 - - -
1983 $7,960 - - -
1982 $7,258 - - -
1981 $6,795 - - -
1980 $6,549 - - -
1979 $5,972 - - -
1978 $4,797 - - -
1977 $5,053 - - -
1976 $4,516 - - -
1975 $4,672 - - -
1974 $5,085 - - -
1973 $3,631 - - -
1972 $2,930 - - -
1971 $2,298 - - -
1970 $2,490 - - -
1969 $2,189 - - -
1968 $1,947 - - -
1967 $1,735 - - -
1966 $1,789 - - -
1965 $1,689 - - -
1964 $1,626 - - -
1963 $1,486 - - -
1962 $1,294 - - -
1961 $1,697 - - -
1960 $1,452 - - -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Poland ranks 43rd at $51,263.

Economic indicators

Israel Poland
Gross domestic product
$540B
2024
$918B
2024
GDP rank
29/197
2024
21/197
2024
GDP growth
0.87%
2023-2024
3.03%
2023-2024
GDP per capita
$54,177
2024
$25,104
2024
GDP per capita rank
21/197
2024
48/197
2024
GDP per capita, PPP
$57,236
2024
$51,263
2024
GDP per capita PPP rank
36/197
2024
43/197
2024
Government debt
$366B
2024
$507B
2024
Debt-to-GDP ratio
67.6%
2024
55.3%
2024
Government debt per person
$36,645
2024
$13,874
2024
Government debt per person rank
18/185
2024
41/185
2024
Average annual personal income after taxes
$43,003
2026
$20,736
2026
Market capitalization of domestic companies
$331B
2024
$197B
2024
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
10
2025
Income share by richest 10%
26.6%
2021
22.9%
2023
Income share by poorest 10%
2%
2021
3.3%
2023
Government expenditure, % of GDP
43.8%
2024
49.4%
2024
Consumer prices inflation
3.07%
2023-2024
3.78%
2023-2024
Central bank interest rate
4.5%
2024
4%
2025
Unemployment rate
2.9%
2024
2.81%
2024
Population
10290887
35806942

Spending and national debt comparison by year

Israel
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Israel Poland
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 49.4% 55.3%
2023 39.3% 61.3% 46.9% 49.5%
2022 36.9% 60.3% 43.2% 48.8%
2021 40% 67.7% 43.6% 53%
2020 44.8% 71.1% 47.7% 56.6%
2019 38.7% 59.3% 41.4% 45.2%
2018 39.2% 60.1% 41% 48.2%
2017 38.3% 59.8% 41.1% 50.4%
2016 37.9% 61.7% 41.1% 54.1%
2015 37.6% 62.8% 41.5% 51.1%
2014 38.3% 64.9% 42.7% 51.1%
2013 39.7% 66% 43.2% 56.9%
2012 39.6% 66.9% 43.2% 54.5%
2011 39.3% 67.2% 44.1% 54.8%
2010 39.7% 69% 46% 53.7%
2009 41.4% 72.6% 44.9% 49.7%
2008 41.2% 70.2% 44% 46.6%
2007 40.2% 70.8% 42.8% 44.4%
2006 41.6% 77.7% 44.3% 47.1%
2005 42.3% 85.2% 44.1% 46.5%
2004 43% 88.3% 43.3% 44.9%
2003 45.4% 89.7% 45.5% 46.4%
2002 50% 87.2% 45.1% 41.6%
2001 46.1% 81.1% 44.7% 37.2%
2000 43.4% 77.2% 43.1% 36.4%
1999 53.6% 94.8% 42.5% 39.4%
1998 55% 101% 44% 38.7%
1997 52.6% 99.3% 46.1% 42.7%
1996 53.2% 100.3% 50.7% 43.2%
1995 52.8% 102.3% 47.5% 48.7%
1994 41.7% 110.2% - 64.3%
1993 42.2% 118.3% - 83.9%
1992 44.1% 119.6% - 81.9%
1991 34.4% 123.7% - 76.9%
1990 46.8% 138.3% - 89.7%
1989 47.5% 147.4% - -
1988 46.5% 145.4% - -
1987 52.8% 143.2% - -
1986 55.7% 162.5% - -
1985 65.2% 199% - -
1984 - 284% - -
1983 - 260.5% - -
1982 69.7% - - -
1981 71.8% - - -
1980 69.4% 154.3% - -
1979 70.1% 155.5% 35.6% -
1978 62.2% 133.6% 35.8% -
1977 69.1% 142% 35.6% -
1976 66.3% 97.4% 34.8% -
1975 62% 85.1% 34.1% -
1974 - 79.8% 28.6% -
1973 - 62.1% 24.5% -
1972 - 63.9% 24.1% -
1971 - - 24.1% -
1970 41.6% - 25.8% -
1969 41.1% - 26.3% -
1968 39.4% - 27.3% -
1967 33.9% - 29.6% -
1966 29.6% - 31.7% -
1965 27.8% - 31.8% -
1964 28.2% - 33.5% -
1963 26.9% - 33.3% -
1962 27.7% - 43% -
1961 30.3% - 42.8% -
1960 30.4% - 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 (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 55.3% in Poland, ranking 62/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Poland
1x
Year Deficit/surplus, % of GDP
Israel Poland
2024 -8.26% -6.59%
2023 -5.06% -5.27%
2022 0.32% -3.44%
2021 -3.37% -1.75%
2020 -10.7% -6.85%
2019 -3.79% -0.73%
2018 -3.56% -0.24%
2017 -1.13% -1.49%
2016 -1.79% -2.38%
2015 -1.21% -2.59%
2014 -2.29% -3.66%
2013 -4.06% -4.25%
2012 -4.46% -3.8%
2011 -3.43% -4.97%
2010 -3.72% -7.43%
2009 -6.53% -7.24%
2008 -3.5% -3.6%
2007 -0.43% -1.88%
2006 -0.95% -3.53%
2005 -2.74% -3.93%
2004 -3.4% -4.99%
2003 -5.03% -6.02%
2002 -8.22% -4.8%
2001 -4.06% -4.73%
2000 -0.8% -4%
1999 -6.26% -2.3%
1998 -7.99% -4.25%
1997 -4.84% -4.61%
1996 -5.97% -4.84%
1995 -4.28% -4.39%
1994 -5.62% -
1993 -5.62% -
1992 -8% -
1991 -7.04% -
1990 -9.67% -
1989 -9.03% -
1988 -7.57% -
1987 -7.47% -
1986 -7.51% -
1985 -14.2% -
1984 - -
1983 - -
1982 -13.8% -
1981 -23.5% -
1980 -19.6% -
1979 -16.7% -
1978 -14.7% -
1977 -20.3% -
1976 -19.4% -
1975 -19.6% -
1974 - -
1973 - -
1972 - -
1971 - -
1970 -16% -
1969 -15.3% -
1968 -11.7% -
1967 -7.68% -
1966 -4.35% -
1965 -2.72% -
1964 -3.65% -
1963 -4.41% -
1962 -4.09% -
1961 -5.86% -
1960 -6.62% -
1959 -7.23% -
1958 -8.31% -
1957 -7.17% -
1956 -9.3% -
1955 -4.3% -
1954 -7.84% -
1953 -8.32% -
1952 -7.19% -
1951 -8.13% -
1950 -10.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

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

In 2024, Israel's government deficit, the difference between spending and revenue, was $44.6B, equivalent to 8.26% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Israel recorded a fiscal deficit in 29 of those years, while Poland ran a deficit in 30 years. On average, Israel posted an annual deficit equal to 4.05% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Israel

Poland
1x
Year Consumer prices inflation
Israel Poland
2024 3.07% 3.78%
2023 4.23% 11.5%
2022 4.41% 14.4%
2021 1.48% 5.06%
2020 -0.58% 3.37%
2019 0.82% 2.23%
2018 0.81% 1.81%
2017 0.25% 2.08%
2016 -0.54% -0.66%
2015 -0.62% -0.87%
2014 0.47% 0.05%
2013 1.59% 0.99%
2012 1.68% 3.56%
2011 3.49% 4.24%
2010 2.7% 2.58%
2009 3.37% 3.8%
2008 4.53% 4.16%
2007 0.47% 2.46%
2006 2.05% 1.28%
2005 1.34% 2.18%
2004 -0.42% 3.38%
2003 0.71% 0.68%
2002 5.8% 1.91%
2001 1.12% 5.41%
2000 1.03% 9.9%
1999 5.19% 7.15%
1998 5.49% 11.6%
1997 8.95% 14.9%

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

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 4.39% in Poland. In 2024, inflation was 3.07% in Israel and 3.78% in Poland.

Top exports between countries

Israel
Export category Export value
Chemicals & pharma $148M
Machinery & equipment $131M
Textiles & consumer goods $44.2M
Processed food, beverages & tobacco $26.8M
Raw agricultural goods $13.2M
Raw materials & minerals $9.7M
Metals $7.53M
Wood & paper products $2.56M
Precious metals & jewellery $2.13M
Animal & marine products $360K
Poland
Export category Export value
Machinery & equipment $371M
Processed food, beverages & tobacco $227M
Animal & marine products $144M
Chemicals & pharma $111M
Textiles & consumer goods $98.2M
Miscellaneous $28.5M
Wood & paper products $27.4M
Metals $26M
Raw agricultural goods $23M
Raw materials & minerals $19.1M

Balance of trade

Israel Poland
Current account balance
$15.5B
2024
$2.8B
2024
Current account balance ranking
21/190
2024
40/190
2024
Current account balance, % of GDP
+2.86%
2024
+0.3%
2024
Goods imports
$96.3B
2024
$367B
2024
Goods exports
$70B
2024
$361B
2024
Service imports
$44.4B
2024
$74.9B
2024
Service exports
$83.7B
2024
$118B
2024
Imports of goods and services, % of GDP
26%
2024
48.2%
2024
Exports of goods and services, % of GDP
28.4%
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.

Israel Poland
Economic freedom 68.4 68.5
Economic freedom ranking 47/197 46/197
Property rights 73.1 71.8
Government integrity 66.2 60.7
Judicial effectiveness 68.1 62.5
Tax burden 60.2 72.7
Government spending 52 35.1
Fiscal health 60.8 74.8
Business freedom 72.4 77.5
Labor freedom 56.8 53.7
Monetary freedom 78.2 73.8
Trade freedom 82.8 79.4
Investment freedom 70 80
Financial freedom 80 80

Economic freedom comparison by year

Israel
Poland
1x
Year Economic freedom index
Israel Poland
2026 68.4 68.5
2025 69.9 67.1
2024 70.1 66
2023 68.9 67.7
2022 68 68.7
2021 73.8 69.7
2020 74 69.1
2019 72.8 67.8
2018 72.2 68.5
2017 69.7 68.3
2016 70.7 69.3
2015 70.5 68.6
2014 68.4 67
2013 66.9 66
2012 67.8 64.2
2011 68.5 64.1
2010 67.7 63.2
2009 67.6 60.3
2008 66.3 60.3
2007 64.8 58.1
2006 64.4 59.3
2005 62.6 59.6
2004 61.4 58.7
2003 62.7 61.8
2002 66.9 65
2001 66.1 61.8
2000 65.5 60
1999 68.3 59.6
1998 68 59.2
1997 62.7 56.8
1996 62 57.8
1995 61.5 50.7

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, 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

Israel Poland
Services, % of GDP
72.5%
2024
59.1%
2024
Industry, % of GDP
17.3%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
2.54%
2024
GNI, Atlas method
$528B
2024
$789B
2024
GNI per capita, PPP
$56,790
2024
$49,540
2024
Total reserves including gold
$215B
2024
$223B
2024
Total reserves ranking
18/177
2024
17/177
2024
Net foreign direct investment
-$4.86B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$14.8B
2024
$20.6B
2024
Net outflows of foreign direct investment
$9.92B
2024
$10B
2024
Poverty at national poverty lines
22%
2020
13.3%
2024
Gross capital formation, % of GDP
23.4%
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/israel/poland | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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 (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.

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.