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Economy of Papua New Guinea vs Poland compared: GDP & Debt

Updated on by Georank team

Papua New Guinea has a GDP of $31.8B compared to $918B for Poland, ranking 110/197 and 21/197 by economy size, respectively.

Papua New Guinea has $16.6B in government debt (52.1% of GDP), compared to $507B (55.3% of GDP) in Poland.

Papua New Guinea vs Poland GDP by year

Papua New Guinea
Poland
1x
Year GDP, current $
Papua New Guinea Poland
2024 $31,800,428,266 $917,767,106,147
2023 $30,816,367,067 $812,451,193,396
2022 $31,653,185,953 $695,607,470,875
2021 $26,109,413,521 $689,170,230,665
2020 $23,848,447,850 $605,914,237,904
2019 $24,750,626,030 $602,683,770,145
2018 $24,109,780,708 $594,616,687,350
2017 $22,742,699,138 $528,356,676,667
2016 $20,758,876,953 $473,259,583,970
2015 $21,723,437,010 $480,054,118,583
2014 $23,210,823,987 $542,134,167,179
2013 $21,261,338,065 $518,179,836,405
2012 $21,295,168,666 $498,148,649,703
2011 $17,985,138,066 $527,848,543,023
2010 $14,250,786,675 $478,111,630,684
2009 $11,619,456,449 $440,891,472,247
2008 $11,670,892,801 $535,612,030,672
2007 $9,545,028,944 $429,715,132,138
2006 $8,354,911,041 $345,897,630,736
2005 $4,865,892,972 $306,999,913,151
2004 $3,927,157,867 $256,268,656,145
2003 $3,536,411,824 $218,561,225,998
2002 $2,999,511,040 $199,694,463,256
2001 $3,081,024,212 $191,823,200,371
2000 $3,521,339,699 $172,953,527,033
1999 $3,477,038,204 $170,704,452,715
1998 $3,789,443,015 $175,282,269,667
1997 $4,936,615,299 $159,893,964,917
1996 $5,155,311,077 $160,813,026,223
1995 $4,636,057,476 $142,838,527,115
1994 $5,502,786,070 $110,803,635,288
1993 $4,974,550,286 $96,043,157,273
1992 $4,377,980,510 $94,337,050,693
1991 $3,787,394,958 $85,500,935,935
1990 $3,219,729,083 $65,977,748,211
1989 $3,546,472,566 -
1988 $3,656,177,881 -
1987 $3,143,851,794 -
1986 $2,647,995,602 -
1985 $2,423,339,172 -
1984 $2,552,662,617 -
1983 $2,562,351,551 -
1982 $2,368,719,683 -
1981 $2,498,190,847 -
1980 $2,545,808,456 -
1979 $2,293,760,511 -
1978 $1,947,878,831 -
1977 $1,640,746,619 -
1976 $1,511,843,235 -
1975 $1,356,603,608 -
1974 $1,467,417,672 -
1973 $1,299,079,410 -
1972 $858,761,926 -
1971 $717,750,278 -
1970 $645,568,215 -
1969 $551,263,864 -
1968 $485,184,190 -
1967 $441,728,183 -
1966 $390,992,063 -
1965 $344,176,055 -
1964 $305,312,049 -
1963 $275,968,044 -
1962 $261,184,042 -
1961 $244,832,039 -
1960 $230,496,037 -

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

GeoRank.org/economy/papua-new-guinea/poland | CC BY

GDP per capita in Papua New Guinea vs Poland by year

Papua New Guinea
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Papua New Guinea Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,007 $4,875 $25,104 $51,263
2023 $2,966 $4,668 $22,145 $48,473
2022 $3,102 $4,420 $18,891 $46,778
2021 $2,608 $3,977 $18,636 $41,060
2020 $2,430 $3,900 $16,151 $37,089
2019 $2,576 $4,060 $15,875 $35,882
2018 $2,566 $3,910 $15,658 $32,345
2017 $2,478 $3,923 $13,913 $30,170
2016 $2,316 $3,813 $12,464 $28,360
2015 $2,485 $3,670 $12,638 $26,988
2014 $2,723 $3,500 $14,262 $25,460
2013 $2,561 $3,110 $13,622 $24,434
2012 $2,635 $3,026 $13,087 $23,728
2011 $2,288 $2,919 $13,868 $22,809
2010 $1,867 $2,912 $12,568 $20,991
2009 $1,569 $2,692 $11,556 $19,300
2008 $1,625 $2,583 $14,049 $18,372
2007 $1,371 $2,622 $11,273 $16,833
2006 $1,238 $2,444 $9,069 $15,205
2005 $744 $2,322 $8,044 $13,936
2004 $621 $2,187 $6,712 $13,413
2003 $577 $2,142 $5,721 $12,329
2002 $506 $2,125 $5,223 $11,841
2001 $538 $2,168 $5,015 $11,175
2000 $636 $2,196 $4,521 $10,721
1999 $650 $2,280 $4,416 $10,081
1998 $733 $2,285 $4,534 $9,521
1997 $990 $2,432 $4,137 $8,967
1996 $1,071 $2,578 $4,164 $8,310
1995 $998 $2,436 $3,701 $7,715
1994 $1,228 $2,558 $2,875 $7,040
1993 $1,151 $2,451 $2,497 $6,560
1992 $1,051 $2,100 $2,459 $6,193
1991 $942 $1,869 $2,236 $5,925
1990 $826 $1,703 $1,731 $6,185
1989 $934 - - -
1988 $985 - - -
1987 $865 - - -
1986 $745 - - -
1985 $697 - - -
1984 $750 - - -
1983 $769 - - -
1982 $726 - - -
1981 $781 - - -
1980 $813 - - -
1979 $748 - - -
1978 $648 - - -
1977 $558 - - -
1976 $525 - - -
1975 $482 - - -
1974 $533 - - -
1973 $483 - - -
1972 $327 - - -
1971 $279.7 - - -
1970 $257.6 - - -
1969 $225.3 - - -
1968 $202.9 - - -
1967 $189 - - -
1966 $171.1 - - -
1965 $153.9 - - -
1964 $139.5 - - -
1963 $128.9 - - -
1962 $124.7 - - -
1961 $119.7 - - -
1960 $115.5 - - -

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

GeoRank.org/economy/papua-new-guinea/poland | CC BY

Papua New Guinea's GDP per capita is $3,007, ranking 140/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Papua New Guinea ranks 159th at $4,875, while Poland ranks 43rd at $51,263.

Economic indicators

Papua New Guinea Poland
Gross domestic product
$31.8B
2024
$918B
2024
GDP rank
110/197
2024
21/197
2024
GDP growth
3.8%
2023-2024
3.03%
2023-2024
GDP per capita
$3,007
2024
$25,104
2024
GDP per capita rank
140/197
2024
48/197
2024
GDP per capita, PPP
$4,875
2024
$51,263
2024
GDP per capita PPP rank
159/197
2024
43/197
2024
Government debt
$16.6B
2024
$507B
2024
Debt-to-GDP ratio
52.1%
2024
55.3%
2024
Government debt per person
$1,566
2024
$13,874
2024
Government debt per person rank
129/185
2024
41/185
2024
Average annual personal income after taxes
$2,362
2026
$20,736
2026
Market capitalization of domestic companies
$1.68B
2017
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10%
31%
2009
22.9%
2023
Income share by poorest 10%
1.9%
2009
3.3%
2023
Government expenditure, % of GDP
20.4%
2024
49.4%
2024
Consumer prices inflation
0.6%
2023-2024
3.78%
2023-2024
Central bank interest rate
5%
2025
4%
2025
Unemployment rate
2.69%
2022
2.81%
2024
Population
11002753
35806942

Spending and national debt comparison by year

Papua New Guinea
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Papua New Guinea Poland
Government spending Government debt Government spending Government debt
2024 20.4% 52.1% 49.4% 55.3%
2023 22.3% 53.9% 46.9% 49.5%
2022 21.9% 48.2% 43.2% 48.8%
2021 22% 52.6% 43.6% 53%
2020 23.5% 48.7% 47.7% 56.6%
2019 21.3% 38.2% 41.4% 45.2%
2018 20.3% 36.7% 41% 48.2%
2017 18.4% 32.5% 41.1% 50.4%
2016 20.9% 33.7% 41.1% 54.1%
2015 22.8% 29.9% 41.5% 51.1%
2014 27.1% 26.9% 42.7% 51.1%
2013 27.6% 24.9% 43.2% 56.9%
2012 22.4% 19.1% 43.2% 54.5%
2011 19.7% 16.3% 44.1% 54.8%
2010 18.4% 17.3% 46% 53.7%
2009 24.7% 21.7% 44.9% 49.7%
2008 19.8% 21.6% 44% 46.6%
2007 18% 22.2% 42.8% 44.4%
2006 19.4% 26% 44.3% 47.1%
2005 20.6% 31.6% 44.1% 46.5%
2004 19.4% 37.2% 43.3% 44.9%
2003 18.7% 40.4% 45.5% 46.4%
2002 20.8% 48.4% 45.1% 41.6%
2001 21.6% 47.7% 44.7% 37.2%
2000 20.5% 42.3% 43.1% 36.4%
1999 21.4% 41.8% 42.5% 39.4%
1998 20% 45.7% 44% 38.7%
1997 20.6% 43.9% 46.1% 42.7%
1996 17.6% 37.8% 50.7% 43.2%
1995 17.1% 36.6% 47.5% 48.7%
1994 19.3% 40.1% - 64.3%
1993 23.5% 30% - 83.9%
1992 22.8% 30.4% - 81.9%
1991 22.4% - - 76.9%
1990 24.5% - - 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/papua-new-guinea/poland | CC BY

In 2024, Papua New Guinea's government spending was $6.48B, accounting for 20.4% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 52.1% in Papua New Guinea and 55.3% in Poland, ranking 100/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Papua New Guinea

Poland
1x
Year Deficit/surplus, % of GDP
Papua New Guinea Poland
2024 -3.23% -6.59%
2023 -4.34% -5.27%
2022 -5.25% -3.44%
2021 -6.84% -1.75%
2020 -8.85% -6.85%
2019 -4.98% -0.73%
2018 -2.58% -0.24%
2017 -2.47% -1.49%
2016 -4.75% -2.38%
2015 -4.55% -2.59%
2014 -6.27% -3.66%
2013 -6.87% -4.25%
2012 -1.19% -3.8%
2011 2.22% -4.97%
2010 3.06% -7.43%
2009 -5.48% -7.24%
2008 2.73% -3.6%
2007 6.9% -1.88%
2006 5.34% -3.53%
2005 2.85% -3.93%
2004 2.03% -4.99%
2003 0.19% -6.02%
2002 -1.75% -4.8%
2001 -1.33% -4.73%
2000 0.3% -4%
1999 -1.94% -2.3%
1998 -0.16% -4.25%
1997 0.67% -4.61%
1996 2.05% -4.84%
1995 1.08% -4.39%
1994 -1.01% -
1993 -4.9% -
1992 -4.33% -
1991 -0.62% -
1990 -2.04% -

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

GeoRank.org/economy/papua-new-guinea/poland | CC BY

In 2024, Papua New Guinea's government deficit, the difference between spending and revenue, was $1.03B, equivalent to 3.23% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Papua New Guinea recorded a fiscal deficit in 18 of those years, while Poland ran a deficit in 30 years. On average, Papua New Guinea posted an annual deficit equal to 1.45% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Papua New Guinea

Poland
1x
Year Consumer prices inflation
Papua New Guinea Poland
2024 0.6% 3.78%
2023 2.3% 11.5%
2022 5.25% 14.4%
2021 4.48% 5.06%
2020 4.87% 3.37%
2019 3.93% 2.23%
2018 4.37% 1.81%
2017 5.42% 2.08%
2016 6.67% -0.66%
2015 6% -0.87%
2014 5.22% 0.05%
2013 4.96% 0.99%
2012 4.54% 3.56%
2011 4.44% 4.24%
2010 6.01% 2.58%
2009 6.92% 3.8%
2008 10.8% 4.16%
2007 0.91% 2.46%
2006 2.37% 1.28%
2005 1.78% 2.18%
2004 2.16% 3.38%
2003 14.7% 0.68%
2002 11.8% 1.91%
2001 9.3% 5.41%
2000 15.6% 9.9%
1999 14.9% 7.15%
1998 13.6% 11.6%
1997 3.96% 14.9%

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

GeoRank.org/economy/papua-new-guinea/poland | CC BY

Over the past 28 years, Papua New Guinea has recorded an average annual inflation rate of 6.35%, compared with 4.39% in Poland. In 2024, inflation was 0.6% in Papua New Guinea and 3.78% in Poland.

Top exports between countries

Papua New Guinea
Export category Export value
Wood & paper products $508K
Processed food, beverages & tobacco $143K
Machinery & equipment $70K
Raw agricultural goods $30K
Textiles & consumer goods $5K
Raw materials & minerals $2K
Poland
Export category Export value
Metals $938K
Machinery & equipment $510K
Textiles & consumer goods $323K
Wood & paper products $45K
Processed food, beverages & tobacco $26K
Raw materials & minerals $19K
Chemicals & pharma $3K
Miscellaneous $2K

Balance of trade

Papua New Guinea Poland
Current account balance
$4.77B
2024
$2.8B
2024
Current account balance ranking
33/190
2024
40/190
2024
Current account balance, % of GDP
+15%
2024
+0.3%
2024
Goods imports
$4.69B
2024
$367B
2024
Goods exports
$13.4B
2024
$361B
2024
Service imports
$2.4B
2024
$74.9B
2024
Service exports
$75.2M
2024
$118B
2024
Imports of goods and services, % of GDP
58.9%
2004
48.2%
2024
Exports of goods and services, % of GDP
72.2%
2004
52.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Papua New Guinea Poland
Economic freedom 54.3 68.5
Economic freedom ranking 134/197 46/197
Property rights 45 71.8
Government integrity 30.8 60.7
Judicial effectiveness 41.1 62.5
Tax burden 70.9 72.7
Government spending 86.1 35.1
Fiscal health 65.3 74.8
Business freedom 34.2 77.5
Labor freedom 65.1 53.7
Monetary freedom 77.4 73.8
Trade freedom 80.2 79.4
Investment freedom 25 80
Financial freedom 30 80

Economic freedom comparison by year

Papua New Guinea
Poland
1x
Year Economic freedom index
Papua New Guinea Poland
2026 54.3 68.5
2025 52.5 67.1
2024 49.4 66
2023 51.7 67.7
2022 54.6 68.7
2021 58.9 69.7
2020 58.4 69.1
2019 58.4 67.8
2018 55.7 68.5
2017 50.9 68.3
2016 53.2 69.3
2015 53.1 68.6
2014 53.9 67
2013 53.6 66
2012 53.8 64.2
2011 52.6 64.1
2010 53.5 63.2
2009 54.8 60.3
2008 - 60.3
2007 - 58.1
2006 - 59.3
2005 - 59.6
2004 - 58.7
2003 - 61.8
2002 - 65
2001 57.2 61.8
2000 55.8 60
1999 56.3 59.6
1998 55.2 59.2
1997 56.7 56.8
1996 58.6 57.8
1995 - 50.7

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

GeoRank.org/economy/papua-new-guinea/poland | CC BY

The Economic Freedom Index for Papua New Guinea is 54.3, ranking 134/197, 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

Papua New Guinea Poland
Services, % of GDP
41.5%
2024
59.1%
2024
Industry, % of GDP
37.2%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
17.2%
2024
2.54%
2024
GNI, Atlas method
$30.7B
2024
$789B
2024
GNI per capita, PPP
$4,580
2024
$49,540
2024
Total reserves including gold
$3.9B
2023
$223B
2024
Total reserves ranking
107/177
2023
17/177
2024
Net foreign direct investment
$968M
2024
-$10.6B
2024
Net inflows of foreign direct investment
-$198M
2024
$20.6B
2024
Net outflows of foreign direct investment
$770M
2024
$10B
2024
Servicing debt to the IMF, % of GNI
19.7%
2024
n/a
Poverty at national poverty lines
39.9%
2009
13.3%
2024
Gross capital formation, % of GDP
20%
2004
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/papua-new-guinea/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 (2020–2024, 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.