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Economy of Nepal vs Poland compared: GDP & Debt

Updated on by Georank team

Nepal has a GDP of $42.9B compared to $918B for Poland, ranking 101/197 and 21/197 by economy size, respectively.

Nepal has $20.7B in government debt (48.3% of GDP), compared to $507B (55.3% of GDP) in Poland.

Nepal vs Poland GDP by year

Nepal
Poland
1x
Year GDP, current $
Nepal Poland
2024 $42,914,268,287 $917,767,106,147
2023 $41,047,772,331 $812,451,193,396
2022 $41,182,939,601 $695,607,470,875
2021 $36,924,841,394 $689,170,230,665
2020 $33,433,659,301 $605,914,237,904
2019 $34,186,180,699 $602,683,770,145
2018 $33,111,525,237 $594,616,687,350
2017 $28,971,588,940 $528,356,676,667
2016 $24,524,109,484 $473,259,583,970
2015 $24,360,801,287 $480,054,118,583
2014 $22,731,612,922 $542,134,167,179
2013 $22,162,204,925 $518,179,836,405
2012 $21,703,100,877 $498,148,649,703
2011 $21,573,872,421 $527,848,543,023
2010 $16,002,656,434 $478,111,630,684
2009 $12,854,985,464 $440,891,472,247
2008 $12,545,438,605 $535,612,030,672
2007 $10,325,618,017 $429,715,132,138
2006 $9,043,715,356 $345,897,630,736
2005 $8,130,258,378 $306,999,913,151
2004 $7,273,938,315 $256,268,656,145
2003 $6,330,473,097 $218,561,225,998
2002 $6,050,875,807 $199,694,463,256
2001 $6,007,055,042 $191,823,200,371
2000 $5,494,252,208 $172,953,527,033
1999 $5,033,642,384 $170,704,452,715
1998 $4,856,255,044 $175,282,269,667
1997 $4,918,691,917 $159,893,964,917
1996 $4,521,580,381 $160,813,026,223
1995 $4,401,104,418 $142,838,527,115
1994 $4,066,775,510 $110,803,635,288
1993 $3,660,041,667 $96,043,157,273
1992 $3,401,211,581 $94,337,050,693
1991 $3,921,476,085 $85,500,935,935
1990 $3,627,560,239 $65,977,748,211
1989 $3,525,225,787 -
1988 $3,487,009,748 -
1987 $2,957,255,380 -
1986 $2,850,782,044 -
1985 $2,619,913,956 -
1984 $2,581,207,388 -
1983 $2,447,174,803 -
1982 $2,395,423,742 -
1981 $2,275,583,317 -
1980 $1,945,916,583 -
1979 $1,851,250,008 -
1978 $1,604,162,497 -
1977 $1,382,400,000 -
1976 $1,452,788,985 -
1975 $1,575,789,254 -
1974 $1,217,953,547 -
1973 $972,101,725 -
1972 $1,024,098,400 -
1971 $882,765,472 -
1970 $865,975,309 -
1969 $788,641,965 -
1968 $772,231,387 -
1967 $841,974,025 -
1966 $906,811,944 -
1965 $735,267,082 -
1964 $496,098,775 -
1963 $496,947,904 -
1962 $574,091,101 -
1961 $531,959,562 -
1960 $508,334,414 -

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

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

GDP per capita in Nepal vs Poland by year

Nepal
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nepal Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,447 $5,737 $25,104 $51,263
2023 $1,382 $5,395 $22,145 $48,473
2022 $1,386 $5,103 $18,891 $46,778
2021 $1,253 $4,546 $18,636 $41,060
2020 $1,154 $4,236 $16,151 $37,089
2019 $1,203 $4,261 $15,875 $35,882
2018 $1,179 $3,956 $15,658 $32,345
2017 $1,034 $3,605 $13,913 $30,170
2016 $877 $2,976 $12,464 $28,360
2015 $876 $2,957 $12,638 $26,988
2014 $821 $2,901 $14,262 $25,460
2013 $803 $2,658 $13,622 $24,434
2012 $788 $2,466 $13,087 $23,728
2011 $786 $2,248 $13,868 $22,809
2010 $585 $2,139 $12,568 $20,991
2009 $473 $2,029 $11,556 $19,300
2008 $465 $1,942 $14,049 $18,372
2007 $385 $1,809 $11,273 $16,833
2006 $340 $1,718 $9,069 $15,205
2005 $309 $1,628 $8,044 $13,936
2004 $279.6 $1,542 $6,712 $13,413
2003 $246.4 $1,453 $5,721 $12,329
2002 $238.9 $1,390 $5,223 $11,841
2001 $240.8 $1,388 $5,015 $11,175
2000 $223.8 $1,317 $4,521 $10,721
1999 $208.6 $1,234 $4,416 $10,081
1998 $205.1 $1,187 $4,534 $9,521
1997 $211.8 $1,162 $4,137 $8,967
1996 $198.8 $1,110 $4,164 $8,310
1995 $197.8 $1,058 $3,701 $7,715
1994 $187.3 $1,026 $2,875 $7,040
1993 $172.8 $952 $2,497 $6,560
1992 $165 $920 $2,459 $6,193
1991 $195.7 $889 $2,236 $5,925
1990 $185.8 $830 $1,731 $6,185
1989 $185 - - -
1988 $187.1 - - -
1987 $162 - - -
1986 $159.5 - - -
1985 $149.9 - - -
1984 $151.1 - - -
1983 $146.6 - - -
1982 $147 - - -
1981 $142.9 - - -
1980 $125.1 - - -
1979 $121.9 - - -
1978 $108.1 - - -
1977 $95.3 - - -
1976 $102.5 - - -
1975 $113.6 - - -
1974 $89.8 - - -
1973 $73.2 - - -
1972 $78.8 - - -
1971 $69.5 - - -
1970 $69.6 - - -
1969 $64.8 - - -
1968 $64.9 - - -
1967 $72.3 - - -
1966 $79.5 - - -
1965 $65.8 - - -
1964 $45.3 - - -
1963 $46.3 - - -
1962 $54.6 - - -
1961 $51.6 - - -
1960 $50.2 - - -

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

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

Nepal's GDP per capita is $1,447, ranking 164/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Nepal ranks 155th at $5,737, while Poland ranks 43rd at $51,263.

Economic indicators

Nepal Poland
Gross domestic product
$42.9B
2024
$918B
2024
GDP rank
101/197
2024
21/197
2024
GDP growth
3.67%
2023-2024
3.03%
2023-2024
GDP per capita
$1,447
2024
$25,104
2024
GDP per capita rank
164/197
2024
48/197
2024
GDP per capita, PPP
$5,737
2024
$51,263
2024
GDP per capita PPP rank
155/197
2024
43/197
2024
Government debt
$20.7B
2024
$507B
2024
Debt-to-GDP ratio
48.3%
2024
55.3%
2024
Government debt per person
$700
2024
$13,874
2024
Government debt per person rank
154/185
2024
41/185
2024
Average annual personal income after taxes
$2,170
2026
$20,736
2026
Market capitalization of domestic companies n/a
$197B
2024
Number of billionaires
2
2025
10
2025
Income share by richest 10%
24.2%
2022
22.9%
2023
Income share by poorest 10%
3.7%
2022
3.3%
2023
Government expenditure, % of GDP
22.1%
2024
49.4%
2024
Consumer prices inflation
4.69%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
10.7%
2017
2.81%
2024
Population
29596762
35806942

Spending and national debt comparison by year

Nepal
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Nepal Poland
Government spending Government debt Government spending Government debt
2024 22.1% 48.3% 49.4% 55.3%
2023 25.1% 47% 46.9% 49.5%
2022 26.1% 42.7% 43.2% 48.8%
2021 27.2% 43.3% 43.6% 53%
2020 28.5% 43.3% 47.7% 56.6%
2019 27.1% 34% 41.4% 45.2%
2018 28% 31.1% 41% 48.2%
2017 23.6% 25% 41.1% 50.4%
2016 19% 25% 41.1% 54.1%
2015 17.7% 25.7% 41.5% 51.1%
2014 16.6% 27.6% 42.7% 51.1%
2013 15.5% 31.9% 43.2% 56.9%
2012 16.8% 34.5% 43.2% 54.5%
2011 16.3% 32.4% 44.1% 54.8%
2010 16.5% 35.4% 46% 53.7%
2009 17% 39.5% 44.9% 49.7%
2008 13.4% 36.8% 44% 46.6%
2007 13.1% 37.9% 42.8% 44.4%
2006 11.2% 42.9% 44.3% 47.1%
2005 12% 45.1% 44.1% 46.5%
2004 11.8% 51.3% 43.3% 44.9%
2003 12% 53% 45.5% 46.4%
2002 13% 51.8% 45.1% 41.6%
2001 12.9% 50.8% 44.7% 37.2%
2000 11.4% 50.8% 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/nepal/poland | CC BY

In 2024, Nepal's government spending was $9.5B, accounting for 22.1% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 48.3% in Nepal and 55.3% in Poland, ranking 112/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Nepal

Poland
1x
Year Deficit/surplus, % of GDP
Nepal Poland
2024 -2.76% -6.59%
2023 -5.81% -5.27%
2022 -3.12% -3.44%
2021 -3.98% -1.75%
2020 -7.47% -6.85%
2019 -4.27% -0.73%
2018 -5.83% -0.24%
2017 -2.69% -1.49%
2016 1.2% -2.38%
2015 0.46% -2.59%
2014 1.36% -3.66%
2013 1.57% -4.25%
2012 -1.18% -3.8%
2011 -0.72% -4.97%
2010 -0.67% -7.43%
2009 -2.24% -7.24%
2008 -0.29% -3.6%
2007 -0.67% -1.88%
2006 0.24% -3.53%
2005 0.24% -3.93%
2004 -0.14% -4.99%
2003 -0.34% -6.02%
2002 -2.46% -4.8%
2001 -2.35% -4.73%
2000 -1.48% -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/nepal/poland | CC BY

In 2024, Nepal's government deficit, the difference between spending and revenue, was $1.19B, equivalent to 2.76% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 25 years, Nepal recorded a fiscal deficit in 19 of those years, while Poland ran a deficit in 25 years. On average, Nepal posted an annual deficit equal to 1.74% of GDP, compared to deficit of 4.01% of GDP for Poland.

Inflation comparison by year

Inflation
Nepal

Poland
1x
Year Consumer prices inflation
Nepal Poland
2024 4.69% 3.78%
2023 7.12% 11.5%
2022 7.67% 14.4%
2021 4.13% 5.06%
2020 5.06% 3.37%
2019 5.57% 2.23%
2018 4.41% 1.81%
2017 2.78% 2.08%
2016 8.79% -0.66%
2015 7.87% -0.87%
2014 8.36% 0.05%
2013 9.04% 0.99%
2012 9.46% 3.56%
2011 9.23% 4.24%
2010 9.33% 2.58%
2009 11.1% 3.8%
2008 9.91% 4.16%
2007 2.27% 2.46%
2006 6.92% 1.28%
2005 6.84% 2.18%
2004 2.84% 3.38%
2003 5.71% 0.68%
2002 3.03% 1.91%
2001 2.69% 5.41%
2000 2.48% 9.9%
1999 7.45% 7.15%
1998 11.2% 11.6%
1997 4.01% 14.9%

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

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

Over the past 28 years, Nepal has recorded an average annual inflation rate of 6.43%, compared with 4.39% in Poland. In 2024, inflation was 4.69% in Nepal and 3.78% in Poland.

Top exports between countries

Nepal
Export category Export value
Textiles & consumer goods $740K
Precious metals & jewellery $149K
Machinery & equipment $111K
Metals $27K
Chemicals & pharma $26K
Wood & paper products $8K
Raw agricultural goods $4K
Processed food, beverages & tobacco $1K
Poland
Export category Export value
Processed food, beverages & tobacco $4.21M
Metals $2.72M
Machinery & equipment $1.3M
Precious metals & jewellery $1.23M
Chemicals & pharma $241K
Textiles & consumer goods $156K
Raw agricultural goods $59K
Weapons & explosives $21K
Wood & paper products $17K
Miscellaneous $13K

Balance of trade

Nepal Poland
Current account balance
$1.68B
2024
$2.8B
2024
Current account balance ranking
50/190
2024
40/190
2024
Current account balance, % of GDP
+3.91%
2024
+0.3%
2024
Goods imports
$12.1B
2024
$367B
2024
Goods exports
$1.54B
2024
$361B
2024
Service imports
$2.27B
2024
$74.9B
2024
Service exports
$1.9B
2024
$118B
2024
Imports of goods and services, % of GDP
32.9%
2024
48.2%
2024
Exports of goods and services, % of GDP
7.62%
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.

Nepal Poland
Economic freedom 52.9 68.5
Economic freedom ranking 144/197 46/197
Property rights 38.8 71.8
Government integrity 38.9 60.7
Judicial effectiveness 42.9 62.5
Tax burden 84.3 72.7
Government spending 82.1 35.1
Fiscal health 71 74.8
Business freedom 60.8 77.5
Labor freedom 48.2 53.7
Monetary freedom 69.4 73.8
Trade freedom 58.6 79.4
Investment freedom 10 80
Financial freedom 30 80

Economic freedom comparison by year

Nepal
Poland
1x
Year Economic freedom index
Nepal Poland
2026 52.9 68.5
2025 52.5 67.1
2024 52.1 66
2023 51.4 67.7
2022 49.7 68.7
2021 50.7 69.7
2020 54.2 69.1
2019 53.8 67.8
2018 54.1 68.5
2017 55.1 68.3
2016 50.9 69.3
2015 51.3 68.6
2014 50.1 67
2013 50.4 66
2012 50.2 64.2
2011 50.1 64.1
2010 52.7 63.2
2009 53.2 60.3
2008 54.1 60.3
2007 54.4 58.1
2006 53.7 59.3
2005 51.4 59.6
2004 51.2 58.7
2003 51.5 61.8
2002 52.3 65
2001 51.6 61.8
2000 51.3 60
1999 53.1 59.6
1998 53.5 59.2
1997 53.6 56.8
1996 50.3 57.8
1995 - 50.7

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

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

The Economic Freedom Index for Nepal is 52.9, ranking 144/197, 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

Nepal Poland
Services, % of GDP
55.2%
2024
59.1%
2024
Industry, % of GDP
11.4%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
21.9%
2024
2.54%
2024
GNI, Atlas method
$43.7B
2024
$789B
2024
GNI per capita, PPP
$5,830
2024
$49,540
2024
Total reserves including gold
$12.5B
2023
$223B
2024
Total reserves ranking
74/177
2023
17/177
2024
Net foreign direct investment
-$56.9M
2024
-$10.6B
2024
Net inflows of foreign direct investment
$56.9M
2024
$20.6B
2024
Net outflows of foreign direct investment
$0
2024
$10B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
n/a
Poverty at national poverty lines
20.3%
2022
13.3%
2024
Gross capital formation, % of GDP
30.4%
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/nepal/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 (2021–2024, 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.