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Economy of Moldova vs Poland compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $918B for Poland, ranking 134/197 and 21/197 by economy size, respectively.

Moldova has $7.06B in government debt (38.8% of GDP), compared to $507B (55.3% of GDP) in Poland.

Moldova vs Poland GDP by year

Moldova
Poland
1x
Year GDP, current $
Moldova Poland
2024 $18,200,340,854 $917,767,106,147
2023 $16,711,906,746 $812,451,193,396
2022 $14,525,337,524 $695,607,470,875
2021 $13,691,869,264 $689,170,230,665
2020 $11,530,746,234 $605,914,237,904
2019 $11,736,797,055 $602,683,770,145
2018 $11,252,353,421 $594,616,687,350
2017 $9,514,404,016 $528,356,676,667
2016 $7,980,917,076 $473,259,583,970
2015 $7,797,667,197 $480,054,118,583
2014 $9,402,090,138 $542,134,167,179
2013 $9,496,717,876 $518,179,836,405
2012 $8,709,138,635 $498,148,649,703
2011 $8,414,352,020 $527,848,543,023
2010 $6,974,982,370 $478,111,630,684
2009 $5,439,434,272 $440,891,472,247
2008 $6,054,824,248 $535,612,030,672
2007 $4,401,173,152 $429,715,132,138
2006 $3,408,255,451 $345,897,630,736
2005 $2,988,342,907 $306,999,913,151
2004 $2,598,249,556 $256,268,656,145
2003 $1,980,907,435 $218,561,225,998
2002 $1,661,818,168 $199,694,463,256
2001 $1,480,673,594 $191,823,200,371
2000 $1,288,429,392 $172,953,527,033
1999 $1,170,782,957 $170,704,452,715
1998 $1,698,717,505 $175,282,269,667
1997 $1,930,081,169 $159,893,964,917
1996 $1,695,122,174 $160,813,026,223
1995 $1,752,999,370 $142,838,527,115
1994 $1,702,314,268 $110,803,635,288
1993 $2,371,813,324 $96,043,157,273
1992 $2,319,243,436 $94,337,050,693
1991 $3,094,565,871 $85,500,935,935
1990 $3,592,857,043 $65,977,748,211

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Moldova vs Poland by year

Moldova
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,576 $18,615 $25,104 $51,263
2023 $6,800 $17,747 $22,145 $48,473
2022 $5,744 $16,453 $18,891 $46,778
2021 $5,275 $15,682 $18,636 $41,060
2020 $4,376 $13,527 $16,151 $37,089
2019 $4,405 $13,413 $15,875 $35,882
2018 $4,156 $11,868 $15,658 $32,345
2017 $3,453 $11,252 $13,913 $30,170
2016 $2,847 $10,326 $12,464 $28,360
2015 $2,750 $9,198 $12,638 $26,988
2014 $3,290 $8,643 $14,262 $25,460
2013 $3,321 $8,233 $13,622 $24,434
2012 $3,045 $7,255 $13,087 $23,728
2011 $2,941 $6,833 $13,868 $22,809
2010 $2,437 $6,323 $12,568 $20,991
2009 $1,898 $5,827 $11,556 $19,300
2008 $2,111 $6,153 $14,049 $18,372
2007 $1,531 $5,590 $11,273 $16,833
2006 $1,183 $5,271 $9,069 $15,205
2005 $1,034 $4,866 $8,044 $13,936
2004 $897 $4,378 $6,712 $13,413
2003 $682 $3,960 $5,721 $12,329
2002 $571 $3,633 $5,223 $11,841
2001 $507 $3,311 $5,015 $11,175
2000 $441 $3,045 $4,521 $10,721
1999 $399 $2,910 $4,416 $10,081
1998 $579 $2,965 $4,534 $9,521
1997 $657 $3,136 $4,137 $8,967
1996 $575 $3,021 $4,164 $8,310
1995 $594 $3,146 $3,701 $7,715
1994 $574 $3,111 $2,875 $7,040
1993 $797 $4,394 $2,497 $6,560
1992 $778 $4,337 $2,459 $6,193
1991 $1,038 $5,980 $2,236 $5,925
1990 $1,207 $6,895 $1,731 $6,185

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Moldova's GDP per capita is $7,576, ranking 99/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Poland ranks 43rd at $51,263.

Economic indicators

Moldova Poland
Gross domestic product
$18.2B
2024
$918B
2024
GDP rank
134/197
2024
21/197
2024
GDP growth
0.1%
2023-2024
3.03%
2023-2024
GDP per capita
$7,576
2024
$25,104
2024
GDP per capita rank
99/197
2024
48/197
2024
GDP per capita, PPP
$18,615
2024
$51,263
2024
GDP per capita PPP rank
100/197
2024
43/197
2024
Government debt
$7.06B
2024
$507B
2024
Debt-to-GDP ratio
38.8%
2024
55.3%
2024
Government debt per person
$2,938
2024
$13,874
2024
Government debt per person rank
102/185
2024
41/185
2024
Average annual personal income after taxes
$4,291
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%
22.8%
2023
22.9%
2023
Income share by poorest 10%
4.3%
2023
3.3%
2023
Government expenditure, % of GDP
38%
2024
49.4%
2024
Consumer prices inflation
4.68%
2023-2024
3.78%
2023-2024
Central bank interest rate
6%
2025
4%
2025
Unemployment rate
1.43%
2024
2.81%
2024
Population
2341166
35806942

Spending and national debt comparison by year

Moldova
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Moldova Poland
Government spending Government debt Government spending Government debt
2024 38% 38.8% 49.4% 55.3%
2023 38.8% 34.9% 46.9% 49.5%
2022 36.6% 35% 43.2% 48.8%
2021 34.6% 33.6% 43.6% 53%
2020 36.7% 36.6% 47.7% 56.6%
2019 32% 28.8% 41.4% 45.2%
2018 31.5% 31.8% 41% 48.2%
2017 31% 34.9% 41.1% 50.4%
2016 30.5% 39.7% 41.1% 54.1%
2015 31.7% 42.1% 41.5% 51.1%
2014 33.8% 35.4% 42.7% 51.1%
2013 32.4% 30% 43.2% 56.9%
2012 33.7% 31.3% 43.2% 54.5%
2011 32.6% 24.2% 44.1% 54.8%
2010 34.1% 25.5% 46% 53.7%
2009 45.3% 32.6% 44.9% 49.7%
2008 41.5% 22.2% 44% 46.6%
2007 42.7% 28.3% 42.8% 44.4%
2006 40.3% 35% 44.3% 47.1%
2005 37.1% 40.4% 44.1% 46.5%
2004 34.8% 49.3% 43.3% 44.9%
2003 33.5% 68.1% 45.5% 46.4%
2002 30.7% 80.3% 45.1% 41.6%
2001 29.5% 85.4% 44.7% 37.2%
2000 34% 89.1% 43.1% 36.4%
1999 33% 150.7% 42.5% 39.4%
1998 39.1% 159.4% 44% 38.7%
1997 46% 89% 46.1% 42.7%
1996 43.3% 87.5% 50.7% 43.2%
1995 42% 79.5% 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/moldova/poland | CC BY

In 2024, Moldova's government spending was $6.91B, accounting for 38% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 38.8% in Moldova and 55.3% in Poland, ranking 137/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Poland
1x
Year Deficit/surplus, % of GDP
Moldova Poland
2024 -3.88% -6.59%
2023 -5.13% -5.27%
2022 -3.24% -3.44%
2021 -2.62% -1.75%
2020 -5.32% -6.85%
2019 -1.47% -0.73%
2018 -0.85% -0.24%
2017 -0.65% -1.49%
2016 -1.56% -2.38%
2015 -1.93% -2.59%
2014 -1.6% -3.66%
2013 -1.57% -4.25%
2012 -1.93% -3.8%
2011 -2.05% -4.97%
2010 -2.18% -7.43%
2009 -6.38% -7.24%
2008 -0.87% -3.6%
2007 0.15% -1.88%
2006 -0.42% -3.53%
2005 1.44% -3.93%
2004 0.59% -4.99%
2003 0.47% -6.02%
2002 -1.18% -4.8%
2001 -0.34% -4.73%
2000 -3.55% -4%
1999 -2.64% -2.3%
1998 -1.52% -4.25%
1997 -7.47% -4.61%
1996 -7.42% -4.84%
1995 -2.58% -4.39%

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

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

In 2024, Moldova's government deficit, the difference between spending and revenue, was $707M, equivalent to 3.88% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Poland ran a deficit in 30 years. On average, Moldova posted an annual deficit equal to 2.26% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Moldova

Poland
1x
Year Consumer prices inflation
Moldova Poland
2024 4.68% 3.78%
2023 13.4% 11.5%
2022 28.7% 14.4%
2021 5.11% 5.06%
2020 3.77% 3.37%
2019 4.84% 2.23%
2018 3.05% 1.81%
2017 6.57% 2.08%
2016 6.36% -0.66%
2015 9.68% -0.87%
2014 5.09% 0.05%
2013 4.6% 0.99%
2012 4.55% 3.56%
2011 7.69% 4.24%
2010 7.48% 2.58%
2009 -0.06% 3.8%
2008 12.8% 4.16%
2007 12.4% 2.46%
2006 12.8% 1.28%
2005 12% 2.18%
2004 12.5% 3.38%
2003 11.7% 0.68%
2002 5.3% 1.91%
2001 9.76% 5.41%
2000 31.3% 9.9%
1999 39.3% 7.15%
1998 7.7% 11.6%
1997 11.8% 14.9%

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

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

Over the past 28 years, Moldova has recorded an average annual inflation rate of 10.5%, compared with 4.39% in Poland. In 2024, inflation was 4.68% in Moldova and 3.78% in Poland.

Top exports between countries

Moldova
Export category Export value
Processed food, beverages & tobacco $63.7M
Raw agricultural goods $31M
Machinery & equipment $26.7M
Textiles & consumer goods $22.6M
Metals $6M
Chemicals & pharma $1.8M
Precious metals & jewellery $978K
Animal & marine products $511K
Wood & paper products $496K
Raw materials & minerals $208K
Poland
Export category Export value
Machinery & equipment $144M
Chemicals & pharma $77.1M
Textiles & consumer goods $44.7M
Processed food, beverages & tobacco $42.5M
Animal & marine products $37.7M
Metals $26.8M
Wood & paper products $15.3M
Raw materials & minerals $11.6M
Raw agricultural goods $10.8M
Miscellaneous $9.06M

Balance of trade

Moldova Poland
Current account balance
-$3.01B
2024
$2.8B
2024
Current account balance ranking
156/190
2024
40/190
2024
Current account balance, % of GDP
-16.6%
2024
+0.3%
2024
Goods imports
$8.63B
2024
$367B
2024
Goods exports
$3.01B
2024
$361B
2024
Service imports
$1.8B
2024
$74.9B
2024
Service exports
$2.73B
2024
$118B
2024
Imports of goods and services, % of GDP
57.3%
2024
48.2%
2024
Exports of goods and services, % of GDP
31.4%
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.

Moldova Poland
Economic freedom 58.1 68.5
Economic freedom ranking 112/197 46/197
Property rights 40.4 71.8
Government integrity 45.1 60.7
Judicial effectiveness 32.4 62.5
Tax burden 87.9 72.7
Government spending 57.2 35.1
Fiscal health 70.3 74.8
Business freedom 68.3 77.5
Labor freedom 48.1 53.7
Monetary freedom 66 73.8
Trade freedom 76.8 79.4
Investment freedom 55 80
Financial freedom 50 80

Economic freedom comparison by year

Moldova
Poland
1x
Year Economic freedom index
Moldova Poland
2026 58.1 68.5
2025 58.3 67.1
2024 57.1 66
2023 58.5 67.7
2022 61.3 68.7
2021 62.5 69.7
2020 62 69.1
2019 59.1 67.8
2018 58.4 68.5
2017 58 68.3
2016 57.4 69.3
2015 57.5 68.6
2014 57.3 67
2013 55.5 66
2012 54.4 64.2
2011 55.7 64.1
2010 53.7 63.2
2009 54.9 60.3
2008 57.9 60.3
2007 58.7 58.1
2006 58 59.3
2005 57.4 59.6
2004 57.1 58.7
2003 60 61.8
2002 57.4 65
2001 54.9 61.8
2000 59.6 60
1999 56.1 59.6
1998 53.5 59.2
1997 48.9 56.8
1996 52.5 57.8
1995 33 50.7

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

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

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, 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

Moldova Poland
Services, % of GDP
62.3%
2024
59.1%
2024
Industry, % of GDP
16.8%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
2.54%
2024
GNI, Atlas method
$16.5B
2024
$789B
2024
GNI per capita, PPP
$18,710
2024
$49,540
2024
Total reserves including gold
$5.48B
2024
$223B
2024
Total reserves ranking
96/177
2024
17/177
2024
Net foreign direct investment
-$360M
2024
-$10.6B
2024
Net inflows of foreign direct investment
$458M
2024
$20.6B
2024
Net outflows of foreign direct investment
$98.4M
2024
$10B
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
n/a
Poverty at national poverty lines
31.6%
2023
13.3%
2024
Gross capital formation, % of GDP
21.1%
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/moldova/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, 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 (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.