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Economy of Malaysia vs Poland compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $918B for Poland, ranking 38/197 and 21/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $507B (55.3% of GDP) in Poland.

Malaysia vs Poland GDP by year

Malaysia
Poland
1x
Year GDP, current $
Malaysia Poland
2024 $422,227,005,429 $917,767,106,147
2023 $399,949,418,753 $812,451,193,396
2022 $407,830,525,990 $695,607,470,875
2021 $373,784,553,030 $689,170,230,665
2020 $337,456,163,961 $605,914,237,904
2019 $365,177,721,022 $602,683,770,145
2018 $358,788,845,713 $594,616,687,350
2017 $319,109,094,160 $528,356,676,667
2016 $301,256,033,870 $473,259,583,970
2015 $301,355,266,965 $480,054,118,583
2014 $338,066,095,097 $542,134,167,179
2013 $323,276,235,524 $518,179,836,405
2012 $314,443,047,642 $498,148,649,703
2011 $297,951,668,675 $527,848,543,023
2010 $255,017,638,456 $478,111,630,684
2009 $202,257,453,037 $440,891,472,247
2008 $230,811,614,370 $535,612,030,672
2007 $193,549,569,478 $429,715,132,138
2006 $162,692,258,307 $345,897,630,736
2005 $143,534,405,819 $306,999,913,151
2004 $124,749,473,684 $256,268,656,145
2003 $110,202,368,421 $218,561,225,998
2002 $100,845,526,316 $199,694,463,256
2001 $92,783,947,368 $191,823,200,371
2000 $93,789,736,842 $172,953,527,033
1999 $79,148,421,053 $170,704,452,715
1998 $72,167,498,981 $175,282,269,667
1997 $100,005,323,302 $159,893,964,917
1996 $100,855,393,910 $160,813,026,223
1995 $88,705,342,903 $142,838,527,115
1994 $74,478,356,958 $110,803,635,288
1993 $66,894,966,969 $96,043,157,273
1992 $59,167,550,163 $94,337,050,693
1991 $49,143,148,094 $85,500,935,935
1990 $44,024,585,240 $65,977,748,211
1989 $38,847,965,293 -
1988 $35,272,109,220 -
1987 $32,181,210,158 -
1986 $27,734,111,400 -
1985 $31,199,633,353 -
1984 $33,942,897,422 -
1983 $30,347,442,111 -
1982 $26,804,493,635 -
1981 $25,004,285,792 -
1980 $24,488,224,677 -
1979 $21,213,264,962 -
1978 $16,358,079,862 -
1977 $13,139,488,633 -
1976 $11,050,234,599 -
1975 $9,298,800,799 -
1974 $9,496,204,302 -
1973 $7,662,902,678 -
1972 $5,043,347,250 -
1971 $4,244,395,956 -
1970 $3,864,145,667 -
1969 $3,664,552,041 -
1968 $3,330,371,551 -
1967 $3,188,924,677 -
1966 $3,143,517,944 -
1965 $2,956,337,669 -
1964 $2,674,423,922 -
1963 $2,510,110,348 -
1962 $2,001,489,602 -
1961 $1,901,856,123 -
1960 $1,916,229,477 -

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

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

GDP per capita in Malaysia vs Poland by year

Malaysia
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $25,104 $51,263
2023 $11,386 $36,467 $22,145 $48,473
2022 $11,755 $34,420 $18,891 $46,778
2021 $10,903 $29,823 $18,636 $41,060
2020 $9,958 $27,475 $16,151 $37,089
2019 $10,920 $28,934 $15,875 $35,882
2018 $10,902 $27,794 $15,658 $32,345
2017 $9,863 $26,416 $13,913 $30,170
2016 $9,477 $25,286 $12,464 $28,360
2015 $9,649 $24,526 $12,638 $26,988
2014 $11,013 $24,307 $14,262 $25,460
2013 $10,714 $23,161 $13,622 $24,434
2012 $10,601 $22,639 $13,087 $23,728
2011 $10,217 $21,324 $13,868 $22,809
2010 $8,899 $20,193 $12,568 $20,991
2009 $7,191 $18,923 $11,556 $19,300
2008 $8,372 $19,480 $14,049 $18,372
2007 $7,169 $18,617 $11,273 $16,833
2006 $6,158 $17,426 $9,069 $15,205
2005 $5,556 $16,371 $8,044 $13,936
2004 $4,939 $15,416 $6,712 $13,413
2003 $4,465 $14,387 $5,721 $12,329
2002 $4,184 $13,656 $5,223 $11,841
2001 $3,944 $13,072 $5,015 $11,175
2000 $4,084 $13,027 $4,521 $10,721
1999 $3,528 $11,980 $4,416 $10,081
1998 $3,294 $11,398 $4,534 $9,521
1997 $4,679 $12,469 $4,137 $8,967
1996 $4,837 $11,709 $4,164 $8,310
1995 $4,363 $10,720 $3,701 $7,715
1994 $3,758 $9,806 $2,875 $7,040
1993 $3,462 $9,018 $2,497 $6,560
1992 $3,141 $8,224 $2,459 $6,193
1991 $2,679 $7,583 $2,236 $5,925
1990 $2,469 $6,887 $1,731 $6,185
1989 $2,244 - - -
1988 $2,100 - - -
1987 $1,977 - - -
1986 $1,760 - - -
1985 $2,046 - - -
1984 $2,300 - - -
1983 $2,124 - - -
1982 $1,938 - - -
1981 $1,866 - - -
1980 $1,886 - - -
1979 $1,680 - - -
1978 $1,327 - - -
1977 $1,092 - - -
1976 $940 - - -
1975 $811 - - -
1974 $848 - - -
1973 $701 - - -
1972 $472 - - -
1971 $407 - - -
1970 $380 - - -
1969 $368 - - -
1968 $342 - - -
1967 $335 - - -
1966 $339 - - -
1965 $326 - - -
1964 $303 - - -
1963 $291.8 - - -
1962 $238.8 - - -
1961 $232.9 - - -
1960 $240.8 - - -

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

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

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Poland ranks 43rd at $51,263.

Economic indicators

Malaysia Poland
Gross domestic product
$422B
2024
$918B
2024
GDP rank
38/197
2024
21/197
2024
GDP growth
5.11%
2023-2024
3.03%
2023-2024
GDP per capita
$11,874
2024
$25,104
2024
GDP per capita rank
79/197
2024
48/197
2024
GDP per capita, PPP
$38,779
2024
$51,263
2024
GDP per capita PPP rank
60/197
2024
43/197
2024
Government debt
$296B
2024
$507B
2024
Debt-to-GDP ratio
70.1%
2024
55.3%
2024
Government debt per person
$8,322
2024
$13,874
2024
Government debt per person rank
62/185
2024
41/185
2024
Average annual personal income after taxes
$11,005
2026
$20,736
2026
Market capitalization of domestic companies
$449B
2024
$197B
2024
Number of billionaires
19
2025
10
2025
Income share by richest 10%
30.9%
2021
22.9%
2023
Income share by poorest 10%
2.3%
2021
3.3%
2023
Government expenditure, % of GDP
23.9%
2024
49.4%
2024
Consumer prices inflation
1.83%
2023-2024
3.78%
2023-2024
Central bank interest rate
2.75%
2025
4%
2025
Unemployment rate
3.93%
2022
2.81%
2024
Population
36512221
35806942

Spending and national debt comparison by year

Malaysia
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Malaysia Poland
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 49.4% 55.3%
2023 24.9% 69.7% 46.9% 49.5%
2022 24.6% 65.5% 43.2% 48.8%
2021 24.5% 69.2% 43.6% 53%
2020 25% 67.7% 47.7% 56.6%
2019 23.6% 57.1% 41.4% 45.2%
2018 22.8% 55.6% 41% 48.2%
2017 22% 54.4% 41.1% 50.4%
2016 22.9% 55.8% 41.1% 54.1%
2015 24.7% 57% 41.5% 51.1%
2014 26% 55.4% 42.7% 51.1%
2013 27.8% 55.7% 43.2% 56.9%
2012 28.5% 53.8% 43.2% 54.5%
2011 27.1% 51.9% 44.1% 54.8%
2010 26.6% 51.2% 46% 53.7%
2009 30.9% 50.4% 44.9% 49.7%
2008 26.9% 39.4% 44% 46.6%
2007 25.9% 39.3% 42.8% 44.4%
2006 25.6% 39.7% 44.3% 47.1%
2005 24.5% 40.8% 44.1% 46.5%
2004 25.9% 42% 43.3% 44.9%
2003 28.1% 41.4% 45.5% 46.4%
2002 27.1% 39.5% 45.1% 41.6%
2001 28.2% 38.1% 44.7% 37.2%
2000 25.6% 32.5% 43.1% 36.4%
1999 24.6% 34.4% 42.5% 39.4%
1998 23.1% 33.6% 44% 38.7%
1997 21.2% 29.6% 46.1% 42.7%
1996 22.4% 32.8% 50.7% 43.2%
1995 22.6% 38.2% 47.5% 48.7%
1994 23.3% 43.7% - 64.3%
1993 24.6% 51.1% - 83.9%
1992 28.2% 59.1% - 81.9%
1991 27.4% 67.3% - 76.9%
1990 30.5% 74.1% - 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 55.3% in Poland, ranking 58/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Poland
1x
Year Deficit/surplus, % of GDP
Malaysia Poland
2024 -3.95% -6.59%
2023 -3.97% -5.27%
2022 -4.56% -3.44%
2021 -6.03% -1.75%
2020 -4.9% -6.85%
2019 -2.01% -0.73%
2018 -2.64% -0.24%
2017 -2.41% -1.49%
2016 -2.6% -2.38%
2015 -2.55% -2.59%
2014 -2.63% -3.66%
2013 -3.48% -4.25%
2012 -3.1% -3.8%
2011 -3.57% -4.97%
2010 -4.32% -7.43%
2009 -5.88% -7.24%
2008 -3.4% -3.6%
2007 -2.57% -1.88%
2006 -2.6% -3.53%
2005 -2.83% -3.93%
2004 -3.35% -4.99%
2003 -4.6% -6.02%
2002 -3.96% -4.8%
2001 -4.36% -4.73%
2000 -6.05% -4%
1999 -3% -2.3%
1998 -0.63% -4.25%
1997 4.84% -4.61%
1996 3.27% -4.84%
1995 3.1% -4.39%
1994 5.45% -
1993 3.44% -
1992 1.81% -
1991 1.6% -
1990 0.15% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Malaysia's government deficit, the difference between spending and revenue, was $16.7B, equivalent to 3.95% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Malaysia recorded a fiscal deficit in 27 of those years, while Poland ran a deficit in 30 years. On average, Malaysia posted an annual deficit equal to 2.83% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Malaysia

Poland
1x
Year Consumer prices inflation
Malaysia Poland
2024 1.83% 3.78%
2023 2.49% 11.5%
2022 3.38% 14.4%
2021 2.48% 5.06%
2020 -1.14% 3.37%
2019 0.66% 2.23%
2018 0.88% 1.81%
2017 3.87% 2.08%
2016 2.09% -0.66%
2015 2.1% -0.87%
2014 3.14% 0.05%
2013 2.11% 0.99%
2012 1.66% 3.56%
2011 3.17% 4.24%
2010 1.62% 2.58%
2009 0.58% 3.8%
2008 5.44% 4.16%
2007 2.03% 2.46%
2006 3.61% 1.28%
2005 2.98% 2.18%
2004 1.42% 3.38%
2003 1.09% 0.68%
2002 1.81% 1.91%
2001 1.42% 5.41%
2000 1.53% 9.9%
1999 2.74% 7.15%
1998 5.27% 11.6%
1997 2.66% 14.9%

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

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

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 4.39% in Poland. In 2024, inflation was 1.83% in Malaysia and 3.78% in Poland.

Top exports between countries

Malaysia
Export category Export value
Machinery & equipment $572M
Raw materials & minerals $76M
Metals $60.5M
Chemicals & pharma $52.3M
Textiles & consumer goods $49.5M
Processed food, beverages & tobacco $17.1M
Wood & paper products $5.67M
Raw agricultural goods $2.48M
Precious metals & jewellery $1.06M
Miscellaneous $374K
Poland
Export category Export value
Machinery & equipment $258M
Textiles & consumer goods $59.2M
Chemicals & pharma $34.8M
Processed food, beverages & tobacco $28.7M
Animal & marine products $24.4M
Metals $18.3M
Wood & paper products $7.02M
Raw materials & minerals $3.31M
Weapons & explosives $1.5M
Manufacturing & construction services $1.02M

Balance of trade

Malaysia Poland
Current account balance
$7.15B
2024
$2.8B
2024
Current account balance ranking
26/190
2024
40/190
2024
Current account balance, % of GDP
+1.69%
2024
+0.3%
2024
Goods imports
$223B
2024
$367B
2024
Goods exports
$248B
2024
$361B
2024
Service imports
$56.4B
2024
$74.9B
2024
Service exports
$53.4B
2024
$118B
2024
Imports of goods and services, % of GDP
66%
2024
48.2%
2024
Exports of goods and services, % of GDP
71.3%
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.

Malaysia Poland
Economic freedom 68 68.5
Economic freedom ranking 51/197 46/197
Property rights 62.7 71.8
Government integrity 52.9 60.7
Judicial effectiveness 63.4 62.5
Tax burden 83.5 72.7
Government spending 82 35.1
Fiscal health 62.5 74.8
Business freedom 79.6 77.5
Labor freedom 55.4 53.7
Monetary freedom 80.8 73.8
Trade freedom 83 79.4
Investment freedom 60 80
Financial freedom 50 80

Economic freedom comparison by year

Malaysia
Poland
1x
Year Economic freedom index
Malaysia Poland
2026 68 68.5
2025 67.1 67.1
2024 65.7 66
2023 67.3 67.7
2022 68.1 68.7
2021 74.4 69.7
2020 74.7 69.1
2019 74 67.8
2018 74.5 68.5
2017 73.8 68.3
2016 71.5 69.3
2015 70.8 68.6
2014 69.6 67
2013 66.1 66
2012 66.4 64.2
2011 66.3 64.1
2010 64.8 63.2
2009 64.6 60.3
2008 63.9 60.3
2007 63.8 58.1
2006 61.6 59.3
2005 61.9 59.6
2004 59.9 58.7
2003 61.1 61.8
2002 60.1 65
2001 60.2 61.8
2000 66 60
1999 68.9 59.6
1998 68.2 59.2
1997 66.8 56.8
1996 69.9 57.8
1995 71.9 50.7

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

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, 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

Malaysia Poland
Services, % of GDP
53.7%
2024
59.1%
2024
Industry, % of GDP
37%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
2.54%
2024
GNI, Atlas method
$414B
2024
$789B
2024
GNI per capita, PPP
$37,450
2024
$49,540
2024
Total reserves including gold
$116B
2024
$223B
2024
Total reserves ranking
24/177
2024
17/177
2024
Net foreign direct investment
-$2.55B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$15.6B
2024
$20.6B
2024
Net outflows of foreign direct investment
$13B
2024
$10B
2024
Poverty at national poverty lines
5.8%
2023
13.3%
2024
Gross capital formation, % of GDP
22%
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/malaysia/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. 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.

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.