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Economy of New Zealand vs Poland compared: GDP & Debt

Updated on by Georank team

New Zealand has a GDP of $260B compared to $918B for Poland, ranking 52/197 and 21/197 by economy size, respectively.

New Zealand has $131B in government debt (50.2% of GDP), compared to $507B (55.3% of GDP) in Poland.

New Zealand vs Poland GDP by year

New Zealand
Poland
1x
Year GDP, current $
New Zealand Poland
2024 $260,172,385,098 $917,767,106,147
2023 $255,194,972,673 $812,451,193,396
2022 $249,509,991,440 $695,607,470,875
2021 $253,977,931,815 $689,170,230,665
2020 $213,029,554,654 $605,914,237,904
2019 $213,006,341,102 $602,683,770,145
2018 $211,985,631,173 $594,616,687,350
2017 $206,745,969,246 $528,356,676,667
2016 $189,100,085,275 $473,259,583,970
2015 $178,224,167,088 $480,054,118,583
2014 $201,518,402,787 $542,134,167,179
2013 $191,012,364,177 $518,179,836,405
2012 $176,560,711,239 $498,148,649,703
2011 $168,484,908,960 $527,848,543,023
2010 $146,887,902,524 $478,111,630,684
2009 $121,663,439,315 $440,891,472,247
2008 $133,437,126,590 $535,612,030,672
2007 $137,188,946,866 $429,715,132,138
2006 $111,538,810,713 $345,897,630,736
2005 $114,720,129,550 $306,999,913,151
2004 $103,905,210,084 $256,268,656,145
2003 $88,250,885,550 $218,561,225,998
2002 $66,627,729,311 $199,694,463,256
2001 $53,872,425,917 $191,823,200,371
2000 $52,623,281,957 $172,953,527,033
1999 $58,762,260,626 $170,704,452,715
1998 $56,227,169,851 $175,282,269,667
1997 $66,075,143,415 $159,893,964,917
1996 $70,140,835,299 $160,813,026,223
1995 $63,918,703,507 $142,838,527,115
1994 $55,314,732,279 $110,803,635,288
1993 $46,775,620,817 $96,043,157,273
1992 $41,649,829,860 $94,337,050,693
1991 $42,745,329,732 $85,500,935,935
1990 $45,495,129,385 $65,977,748,211
1989 $43,920,222,525 -
1988 $45,176,811,594 -
1987 $40,376,354,070 -
1986 $30,604,668,357 -
1985 $24,679,795,396 -
1984 $21,665,975,319 -
1983 $24,309,279,706 -
1982 $24,164,603,059 -
1981 $24,417,617,184 -
1980 $23,244,547,385 -
1979 $20,731,243,113 -
1978 $18,530,518,395 -
1977 $15,446,825,318 -
1976 $13,604,832,424 -
1975 $12,861,983,284 -
1974 $13,940,981,798 -
1973 $12,802,281,898 -
1972 $9,567,331,065 -
1971 $7,911,136,757 -
1970 $6,495,605,331 -
1969 $5,814,357,709 -
1968 $5,228,045,415 -
1967 $6,016,017,227 -
1966 $5,917,437,693 -
1965 $5,706,251,400 -
1964 $7,340,766,415 -
1963 $6,699,741,645 -
1962 $6,133,158,532 -
1961 $5,721,994,864 -
1960 $5,536,098,360 -

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

GeoRank.org/economy/new-zealand/poland | CC BY

GDP per capita in New Zealand vs Poland by year

New Zealand
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
New Zealand Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,205 $55,551 $25,104 $51,263
2023 $49,076 $54,697 $22,145 $48,473
2022 $49,100 $54,034 $18,891 $46,778
2021 $49,950 $48,249 $18,636 $41,060
2020 $41,998 $45,513 $16,151 $37,089
2019 $42,856 $45,278 $15,875 $35,882
2018 $43,257 $42,527 $15,658 $32,345
2017 $42,950 $42,244 $13,913 $30,170
2016 $40,114 $39,989 $12,464 $28,360
2015 $38,665 $37,513 $12,638 $26,988
2014 $44,618 $37,331 $14,262 $25,460
2013 $43,000 $36,263 $13,622 $24,434
2012 $40,054 $33,055 $13,087 $23,728
2011 $38,432 $32,739 $13,868 $22,809
2010 $33,762 $31,305 $12,568 $20,991
2009 $28,277 $30,746 $11,556 $19,300
2008 $31,325 $29,896 $14,049 $18,372
2007 $32,480 $29,331 $11,273 $16,833
2006 $26,655 $27,732 $9,069 $15,205
2005 $27,751 $25,677 $8,044 $13,936
2004 $25,420 $25,124 $6,712 $13,413
2003 $21,914 $23,996 $5,721 $12,329
2002 $16,874 $23,306 $5,223 $11,841
2001 $13,883 $22,511 $5,015 $11,175
2000 $13,641 $21,500 $4,521 $10,721
1999 $15,322 $20,579 $4,416 $10,081
1998 $14,738 $19,323 $4,534 $9,521
1997 $17,474 $19,100 $4,137 $8,967
1996 $18,794 $18,392 $4,164 $8,310
1995 $17,400 $17,864 $3,701 $7,715
1994 $15,280 $17,108 $2,875 $7,040
1993 $13,094 $15,900 $2,497 $6,560
1992 $11,793 $14,877 $2,459 $6,193
1991 $12,230 $14,501 $2,236 $5,925
1990 $13,663 $14,812 $1,731 $6,185
1989 $13,312 - - -
1988 $13,759 - - -
1987 $12,331 - - -
1986 $9,428 - - -
1985 $7,601 - - -
1984 $6,714 - - -
1983 $7,598 - - -
1982 $7,656 - - -
1981 $7,814 - - -
1980 $7,467 - - -
1979 $6,668 - - -
1978 $5,937 - - -
1977 $4,951 - - -
1976 $4,374 - - -
1975 $4,172 - - -
1974 $4,611 - - -
1973 $4,323 - - -
1972 $3,295 - - -
1971 $2,773 - - -
1970 $2,311 - - -
1969 $2,097 - - -
1968 $1,902 - - -
1967 $2,208 - - -
1966 $2,211 - - -
1965 $2,171 - - -
1964 $2,839 - - -
1963 $2,646 - - -
1962 $2,471 - - -
1961 $2,365 - - -
1960 $2,334 - - -

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

GeoRank.org/economy/new-zealand/poland | CC BY

New Zealand's GDP per capita is $49,205, ranking 26/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), New Zealand ranks 38th at $55,551, while Poland ranks 43rd at $51,263.

Economic indicators

New Zealand Poland
Gross domestic product
$260B
2024
$918B
2024
GDP rank
52/197
2024
21/197
2024
GDP growth
1.29%
2023-2024
3.03%
2023-2024
GDP per capita
$49,205
2024
$25,104
2024
GDP per capita rank
26/197
2024
48/197
2024
GDP per capita, PPP
$55,551
2024
$51,263
2024
GDP per capita PPP rank
38/197
2024
43/197
2024
Government debt
$131B
2024
$507B
2024
Debt-to-GDP ratio
50.2%
2024
55.3%
2024
Government debt per person
$24,722
2024
$13,874
2024
Government debt per person rank
28/185
2024
41/185
2024
Average annual personal income after taxes
$37,758
2026
$20,736
2026
Market capitalization of domestic companies
$92.9B
2024
$197B
2024
Number of billionaires
5
2025
10
2025
Income share by richest 10% n/a
22.9%
2023
Income share by poorest 10% n/a
3.3%
2023
Government expenditure, % of GDP
41.9%
2024
49.4%
2024
Consumer prices inflation
2.92%
2023-2024
3.78%
2023-2024
Central bank interest rate
2.25%
2025
4%
2025
Unemployment rate
4.76%
2024
2.81%
2024
Population
5374272
35806942

Spending and national debt comparison by year

New Zealand
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
New Zealand Poland
Government spending Government debt Government spending Government debt
2024 41.9% 50.2% 49.4% 55.3%
2023 41.2% 46.9% 46.9% 49.5%
2022 41.8% 46.9% 43.2% 48.8%
2021 41.9% 47.5% 43.6% 53%
2020 42% 43.2% 47.7% 56.6%
2019 38.8% 31.8% 41.4% 45.2%
2018 36.1% 28.1% 41% 48.2%
2017 35.6% 31.1% 41.1% 50.4%
2016 36.4% 33.3% 41.1% 54.1%
2015 37.2% 34.2% 41.5% 51.1%
2014 37.7% 34.2% 42.7% 51.1%
2013 38.6% 34.5% 43.2% 56.9%
2012 39.7% 35.7% 43.2% 54.5%
2011 42.4% 34.7% 44.1% 54.8%
2010 42.9% 29.6% 46% 53.7%
2009 40.3% 24.3% 44.9% 49.7%
2008 38.5% 19% 44% 46.6%
2007 37.1% 16.3% 42.8% 44.4%
2006 37.9% 18.4% 44.3% 47.1%
2005 37.1% 20.8% 44.1% 46.5%
2004 36.2% 22.5% 43.3% 44.9%
2003 36.7% 24.7% 45.5% 46.4%
2002 36.8% 26.4% 45.1% 41.6%
2001 37.2% 28.2% 44.7% 37.2%
2000 38.3% 30% 43.1% 36.4%
1999 39.3% 32% 42.5% 39.4%
1998 40.1% 34.5% 44% 38.7%
1997 39.3% 34.6% 46.1% 42.7%
1996 39.9% 37.3% 50.7% 43.2%
1995 41.6% 43.5% 47.5% 48.7%
1994 42.8% 48.9% - 64.3%
1993 46.8% 54.6% - 83.9%
1992 52.5% 58.7% - 81.9%
1991 53% 58% - 76.9%
1990 49.6% 55.5% - 89.7%
1989 47.8% 54.9% - -
1988 46.1% 54.7% - -
1987 46.1% 62.9% - -
1986 46.9% 68.5% - -
1985 46.2% 64.1% - -
1984 40.7% 62.8% - -
1983 41.4% 59.6% - -
1982 39.9% 51.5% - -
1981 39.1% 50.5% - -
1980 38% 52.2% - -
1979 38.4% 52% 35.6% -
1978 36.6% 50% 35.8% -
1977 30% 44.6% 35.6% -
1976 31.6% 47.6% 34.8% -
1975 30.1% 41.4% 34.1% -
1974 27.3% 39.6% 28.6% -
1973 27.1% 44% 24.5% -
1972 26.4% 46% 24.1% -
1971 26.8% 71.3% 24.1% -
1970 24.8% 76.5% 25.8% -
1969 25.9% 85.8% 26.3% -
1968 26.2% 86.5% 27.3% -
1967 26% 59.7% 29.6% -
1966 25% 58.2% 31.7% -
1965 24.9% 59.6% 31.8% -
1964 19.4% 61.8% 33.5% -
1963 19.4% 64.5% 33.3% -
1962 21.6% 65% 43% -
1961 21.1% 64.6% 42.8% -
1960 25.3% 68.1% 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/new-zealand/poland | CC BY

In 2024, New Zealand's government spending was $109B, accounting for 41.9% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 50.2% in New Zealand and 55.3% in Poland, ranking 107/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
New Zealand

Poland
1x
Year Deficit/surplus, % of GDP
New Zealand Poland
2024 -3.61% -6.59%
2023 -3.54% -5.27%
2022 -4.16% -3.44%
2021 -3.5% -1.75%
2020 -4.35% -6.85%
2019 -2.5% -0.73%
2018 1.27% -0.24%
2017 1.36% -1.49%
2016 0.98% -2.38%
2015 0.36% -2.59%
2014 -0.34% -3.66%
2013 -1.29% -4.25%
2012 -2.19% -3.8%
2011 -4.96% -4.97%
2010 -5.51% -7.43%
2009 -1.81% -7.24%
2008 1.47% -3.6%
2007 3.6% -1.88%
2006 4.62% -3.53%
2005 5.13% -3.93%
2004 4.49% -4.99%
2003 3.68% -6.02%
2002 2.55% -4.8%
2001 1.29% -4.73%
2000 0.17% -4%
1999 -1.11% -2.3%
1998 -0.48% -4.25%
1997 1.23% -4.61%
1996 2.58% -4.84%
1995 3.7% -4.39%
1994 1.99% -
1993 -1.53% -
1992 -6.27% -
1991 -6.14% -
1990 -2.74% -
1989 -2.16% -
1988 -1.88% -
1987 -3.43% -
1986 -5.33% -
1985 -6.97% -
1984 -8.68% -
1983 -6.64% -
1982 -6.26% -
1981 -6.02% -
1980 -4.9% -
1979 -6.55% -
1978 -3.41% -
1977 -1.09% -
1976 -2.07% -
1975 0.11% -
1974 0.03% -
1973 -0.07% -
1972 0.12% -
1971 0.09% -
1970 -0.05% -
1969 0.17% -
1968 0.03% -
1967 0.02% -
1966 0.09% -
1965 0.26% -
1964 -0.08% -
1963 -0.26% -
1962 0.02% -
1961 0.03% -
1960 0.05% -
1959 0.03% -
1958 -0.02% -
1957 0.32% -
1956 1.33% -
1955 0.73% -
1954 0.22% -
1953 0.43% -
1952 1.73% -
1951 1.17% -
1950 0.78% -
1949 0.53% -
1948 0.36% -
1947 1.07% -
1946 0.31% -
1945 0.32% -
1944 0.59% -
1943 1.24% -
1942 0.56% -
1941 0.64% -
1940 0.13% -
1939 0.34% -
1938 0.38% -
1937 0.23% -
1936 0.17% -
1935 1.19% -
1934 -0.55% -
1933 0.02% -
1932 -1.77% -
1931 -1.12% -
1930 0.09% -
1929 -0.37% -
1928 0.12% -
1927 0.4% -
1926 0.72% -
1925 0.78% -
1924 1.2% -
1923 0.95% -
1922 -0.2% -
1921 3.55% -
1920 1.51% -
1919 2.9% -
1918 4.35% -
1917 3.89% -
1916 1.46% -
1915 0.06% -
1914 0.45% -
1913 0.79% -
1912 0.89% -
1911 1.24% -
1910 0.36% -
1909 0.31% -
1908 1.26% -
1907 1.13% -
1906 0.97% -
1905 1.41% -
1904 1.42% -
1903 0.55% -
1902 0.63% -
1901 1.11% -
1900 1.59% -
1899 1.15% -
1898 1.38% -
1897 0.86% -
1896 0.65% -
1895 0.32% -
1894 0.76% -
1893 1.14% -
1892 0.09% -
1891 0.46% -
1890 0.05% -
1889 0.59% -
1888 -1.64% -
1887 -1.63% -
1886 -0.53% -
1885 -0.47% -
1884 -0.1% -
1883 0.38% -
1882 0.18% -
1881 -2.33% -
1880 -2.39% -
1879 -0.55% -
1878 -0.85% -
1877 -2.53% -
1876 -5.28% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/new-zealand/poland | CC BY

In 2024, New Zealand's government deficit, the difference between spending and revenue, was $9.38B, equivalent to 3.61% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, New Zealand recorded a fiscal deficit in 14 of those years, while Poland ran a deficit in 30 years. On average, New Zealand posted an annual deficit equal to 0.03% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
New Zealand

Poland
1x
Year Consumer prices inflation
New Zealand Poland
2024 2.92% 3.78%
2023 5.73% 11.5%
2022 7.17% 14.4%
2021 3.94% 5.06%
2020 1.71% 3.37%
2019 1.62% 2.23%
2018 1.6% 1.81%
2017 1.85% 2.08%
2016 0.65% -0.66%
2015 0.29% -0.87%
2014 1.23% 0.05%
2013 1.13% 0.99%
2012 1.06% 3.56%
2011 4.03% 4.24%
2010 2.3% 2.58%
2009 2.12% 3.8%
2008 3.96% 4.16%
2007 2.38% 2.46%
2006 3.37% 1.28%
2005 3.04% 2.18%
2004 2.29% 3.38%
2003 1.75% 0.68%
2002 2.68% 1.91%
2001 2.63% 5.41%
2000 2.62% 9.9%
1999 -0.11% 7.15%
1998 1.27% 11.6%
1997 1.19% 14.9%

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

GeoRank.org/economy/new-zealand/poland | CC BY

Over the past 28 years, New Zealand has recorded an average annual inflation rate of 2.37%, compared with 4.39% in Poland. In 2024, inflation was 2.92% in New Zealand and 3.78% in Poland.

Top exports between countries

New Zealand
Export category Export value
Animal & marine products $53.4M
Chemicals & pharma $10.7M
Processed food, beverages & tobacco $8.42M
Machinery & equipment $7.74M
Transport & tourism services $2.5M
Raw agricultural goods $2M
Textiles & consumer goods $1.24M
Precious metals & jewellery $259K
Metals $136K
Miscellaneous $111K
Poland
Export category Export value
Machinery & equipment $138M
Animal & marine products $20.7M
Chemicals & pharma $19M
IT & IP services $12.9M
Processed food, beverages & tobacco $11.5M
Metals $9.04M
Textiles & consumer goods $6.65M
Raw agricultural goods $6.64M
Raw materials & minerals $4.47M
Wood & paper products $1.79M

Balance of trade

New Zealand Poland
Current account balance
-$12.1B
2024
$2.8B
2024
Current account balance ranking
178/190
2024
40/190
2024
Current account balance, % of GDP
-4.65%
2024
+0.3%
2024
Goods imports
$47.3B
2024
$367B
2024
Goods exports
$43.3B
2024
$361B
2024
Service imports
$19.5B
2024
$74.9B
2024
Service exports
$18.9B
2024
$118B
2024
Imports of goods and services, % of GDP
26.4%
2024
48.2%
2024
Exports of goods and services, % of GDP
24.8%
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.

New Zealand Poland
Economic freedom 77.8 68.5
Economic freedom ranking 13/197 46/197
Property rights 85.4 71.8
Government integrity 90 60.7
Judicial effectiveness 95.9 62.5
Tax burden 66.1 72.7
Government spending 48 35.1
Fiscal health 72.2 74.8
Business freedom 89.1 77.5
Labor freedom 68.6 53.7
Monetary freedom 77.4 73.8
Trade freedom 90.6 79.4
Investment freedom 70 80
Financial freedom 80 80

Economic freedom comparison by year

New Zealand
Poland
1x
Year Economic freedom index
New Zealand Poland
2026 77.8 68.5
2025 78.1 67.1
2024 77.8 66
2023 78.9 67.7
2022 80.6 68.7
2021 83.9 69.7
2020 84.1 69.1
2019 84.4 67.8
2018 84.2 68.5
2017 83.7 68.3
2016 81.6 69.3
2015 82.1 68.6
2014 81.2 67
2013 81.4 66
2012 82.1 64.2
2011 82.3 64.1
2010 82.1 63.2
2009 82 60.3
2008 80.7 60.3
2007 81.4 58.1
2006 82 59.3
2005 82.3 59.6
2004 81.5 58.7
2003 81.1 61.8
2002 80.7 65
2001 81.1 61.8
2000 80.9 60
1999 81.7 59.6
1998 79.2 59.2
1997 79 56.8
1996 78.1 57.8
1995 - 50.7

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

GeoRank.org/economy/new-zealand/poland | CC BY

The Economic Freedom Index for New Zealand is 77.8, ranking 13/197, 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

New Zealand Poland
Services, % of GDP
67.4%
2022
59.1%
2024
Industry, % of GDP
19.6%
2022
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
4.57%
2022
2.54%
2024
GNI, Atlas method
$252B
2024
$789B
2024
GNI per capita, PPP
$53,600
2024
$49,540
2024
Total reserves including gold
$22.1B
2024
$223B
2024
Total reserves ranking
59/177
2024
17/177
2024
Net foreign direct investment
-$878M
2024
-$10.6B
2024
Net inflows of foreign direct investment
$1.76B
2024
$20.6B
2024
Net outflows of foreign direct investment
$882M
2024
$10B
2024
Poverty at national poverty lines n/a
13.3%
2024
Gross capital formation, % of GDP
22.5%
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/new-zealand/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) | Public Finances in Modern History (1876–1994, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.