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Economy of Poland vs Portugal compared: GDP & Debt

Updated on by Georank

Poland has a GDP of $1.04T compared to $347B for Portugal, ranking 21/197 and 46/197 by economy size, respectively.

Poland has $609B in government debt (58.8% of GDP), compared to $312B (89.9% of GDP) in Portugal.

Poland vs Portugal GDP by year

Poland
Portugal
1x
Year GDP, current $
Poland Portugal
2025 $1,035,491,784,197 $346,639,825,142
2024 $917,767,106,147 $313,656,884,871
2023 $812,451,193,396 $292,323,800,949
2022 $695,607,470,875 $256,898,677,175
2021 $689,170,230,665 $256,055,879,091
2020 $605,914,237,904 $229,618,773,423
2019 $602,683,770,145 $240,115,970,063
2018 $594,616,632,477 $242,092,894,543
2017 $528,356,723,263 $220,862,990,767
2016 $473,259,623,976 $206,305,431,242
2015 $480,054,118,583 $199,038,523,120
2014 $542,134,167,179 $230,078,616,300
2013 $518,179,836,405 $226,677,408,292
2012 $498,148,649,703 $216,536,676,772
2011 $527,848,543,023 $245,426,767,676
2010 $478,111,630,684 $238,443,864,993
2009 $440,891,472,247 $244,667,762,836
2008 $535,612,030,672 $263,416,394,624
2007 $429,715,132,138 $240,496,147,317
2006 $345,897,630,736 $208,756,449,276
2005 $306,999,913,151 $197,253,876,705
2004 $256,268,656,145 $189,382,122,532
2003 $218,561,225,998 $165,226,175,537
2002 $199,694,463,256 $134,795,565,549
2001 $191,823,200,371 $121,604,107,165
2000 $172,953,527,033 $118,605,192,877
1999 $170,704,452,715 $127,470,385,557
1998 $175,282,269,667 $123,946,327,916
1997 $159,893,964,917 $117,016,535,163
1996 $160,813,026,223 $122,630,089,680
1995 $142,838,527,115 $118,122,007,430
1994 $110,803,635,288 $99,688,641,304
1993 $96,043,157,273 $95,009,751,901
1992 $94,337,050,693 $107,592,098,307
1991 $85,500,935,935 $89,233,599,278
1990 $65,977,748,211 $78,713,860,217
1989 - $60,594,092,182
1988 - $56,347,250,696
1987 - $48,182,925,857
1986 - $38,745,901,354
1985 - $27,115,807,742
1984 - $25,217,969,050
1983 - $27,239,650,742
1982 - $30,527,754,793
1981 - $31,977,276,873
1980 - $32,896,519,824
1979 - $26,622,819,672
1978 - $23,487,614,051
1977 - $21,439,523,311
1976 - $20,332,831,565
1975 - $19,347,607,843
1974 - $17,512,391,476
1973 - $15,090,564,186
1972 - $11,239,117,865
1971 - $9,201,604,240
1970 - $8,108,235,704
1969 - $7,287,555,035
1968 - $6,644,693,214
1967 - $6,002,607,030
1966 - $5,370,108,031
1965 - $4,901,711,248
1964 - $4,429,202,657
1963 - $4,084,251,593
1962 - $3,835,883,663
1961 - $3,573,719,085
1960 - $3,339,150,158

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Poland vs Portugal by year

Poland
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Poland Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,420 - $32,082 -
2024 $25,104 $51,263 $29,328 $51,680
2023 $22,145 $48,473 $27,635 $49,353
2022 $18,891 $46,778 $24,621 $45,250
2021 $18,636 $41,060 $24,711 $38,658
2020 $16,151 $37,089 $22,299 $35,967
2019 $15,875 $35,882 $23,343 $37,866
2018 $15,658 $32,345 $23,541 $34,897
2017 $13,913 $30,170 $21,442 $32,971
2016 $12,464 $28,360 $19,980 $31,589
2015 $12,638 $26,988 $19,216 $29,608
2014 $14,262 $25,460 $22,121 $28,765
2013 $13,622 $24,434 $21,676 $27,966
2012 $13,087 $23,728 $20,593 $26,476
2011 $13,868 $22,809 $23,247 $26,803
2010 $12,568 $20,991 $22,552 $27,292
2009 $11,556 $19,300 $23,151 $26,472
2008 $14,049 $18,372 $24,949 $26,666
2007 $11,273 $16,833 $22,811 $25,738
2006 $9,069 $15,205 $19,839 $24,677
2005 $8,044 $13,936 $18,780 $22,725
2004 $6,712 $13,413 $18,064 $21,476
2003 $5,721 $12,329 $15,798 $20,850
2002 $5,223 $11,841 $12,937 $20,357
2001 $5,015 $11,175 $11,735 $19,529
2000 $4,521 $10,721 $11,526 $18,883
1999 $4,416 $10,081 $12,475 $17,718
1998 $4,534 $9,521 $12,199 $16,688
1997 $4,137 $8,967 $11,576 $15,789
1996 $4,164 $8,310 $12,185 $14,922
1995 $3,701 $7,715 $11,781 $14,406
1994 $2,875 $7,040 $9,977 $13,578
1993 $2,497 $6,560 $9,535 $13,202
1992 $2,459 $6,193 $10,811 $13,182
1991 $2,236 $5,925 $8,959 $12,739
1990 $1,731 $6,185 $7,885 $11,780
1989 - - $6,056 -
1988 - - $5,624 -
1987 - - $4,804 -
1986 - - $3,862 -
1985 - - $2,705 -
1984 - - $2,523 -
1983 - - $2,735 -
1982 - - $3,080 -
1981 - - $3,246 -
1980 - - $3,368 -
1979 - - $2,756 -
1978 - - $2,457 -
1977 - - $2,267 -
1976 - - $2,173 -
1975 - - $2,128 -
1974 - - $2,000 -
1973 - - $1,748 -
1972 - - $1,302 -
1971 - - $1,065 -
1970 - - $934 -
1969 - - $832 -
1968 - - $752 -
1967 - - $676 -
1966 - - $601 -
1965 - - $545 -
1964 - - $490 -
1963 - - $452 -
1962 - - $426 -
1961 - - $400 -
1960 - - $377 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Poland's GDP per capita is $28,420, ranking 47/197, compared to $32,082 in Portugal, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Poland ranks 43rd at $51,263, while Portugal ranks 42nd at $51,680.

Economic indicators

Poland Portugal
Gross domestic product
$1.04T
2025
$347B
2025
GDP rank
21/197
2025
46/197
2025
GDP growth
3.57%
2024-2025
1.86%
2024-2025
GDP per capita
$28,420
2025
$32,082
2025
GDP per capita rank
47/197
2025
43/197
2025
GDP per capita, PPP
$51,263
2024
$51,680
2024
GDP per capita PPP rank
43/197
2024
42/197
2024
Government debt
$609B
2025
$312B
2025
Debt-to-GDP ratio
58.8%
2025
89.9%
2025
Government debt per person
$16,712
2025
$28,843
2025
Government debt per person rank
39/185
2025
26/185
2025
Average annual personal income after taxes
$20,616
2026
$16,647
2026
Market capitalization of domestic companies
$316B
2025
$61.9B
2018
Number of millionaires
101,000
2026
181,000
2026
Number of billionaires
10
2026
1
2026
Income share by richest 10%
22.9%
2023
26.9%
2023
Income share by poorest 10%
3.3%
2023
2.7%
2023
Government expenditure, % of GDP
50%
2025
43.7%
2025
Consumer prices inflation
3.81%
2024-2025
2.34%
2024-2025
Central bank interest rate
3.75%
2026
n/a
Unemployment rate
3.02%
2025
6%
2025
Population
36007074
10788071

Spending and national debt comparison by year

Poland
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
Poland Portugal
Government spending Government debt Government spending Government debt
2025 50% 58.8% 43.7% 89.9%
2024 49.4% 55.1% 42.5% 93.5%
2023 46.9% 49.5% 41.9% 96.9%
2022 43.2% 48.8% 43.9% 111.2%
2021 43.6% 53% 47.3% 123.9%
2020 47.7% 56.6% 49.1% 134.1%
2019 41.4% 45.2% 42.5% 116.1%
2018 41% 48.2% 43.3% 121.1%
2017 41.1% 50.4% 45.5% 126%
2016 41.1% 54.1% 44.9% 131.2%
2015 41.5% 51.1% 48.2% 131%
2014 42.7% 51.1% 51.7% 132.5%
2013 43.2% 56.9% 50% 130.8%
2012 43.2% 54.5% 48.8% 128.6%
2011 44.1% 54.8% 50% 114%
2010 46% 53.7% 51.9% 100.1%
2009 44.9% 49.7% 50.3% 87.8%
2008 44% 46.6% 45.5% 75.6%
2007 42.8% 44.4% 44.6% 72.7%
2006 44.3% 47.1% 45.2% 73.7%
2005 44.1% 46.5% 46.7% 72.2%
2004 43.4% 45% 46% 67.1%
2003 45.3% 46.2% 45.3% 63.9%
2002 44.9% 41.4% 44.2% 60%
2001 44.6% 37% 44.1% 57.4%
2000 42.9% 36.3% 42.8% 54.2%
1999 42.4% 39.2% 42.5% 55.4%
1998 43.9% 38.6% 42.6% 55.6%
1997 46% 42.6% 42.4% 58.7%
1996 50.6% 43% 43% 63.3%
1995 47.3% 48.6% 42.6% 62.2%
1994 - 64.3% 42.8% 60.4%
1993 - 83.9% 46.5% 57.2%
1992 - 81.9% 48.2% 58.1%
1991 - 76.9% 45.9% 63.9%
1990 - 89.7% 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 35.6% - 30.8% 35.2%
1978 35.8% - 31.7% 31.4%
1977 35.6% - 35.1% 26.9%
1976 34.8% - 38.2% 24.5%
1975 34.1% - 31.9% 19.2%
1974 28.6% - 25.8% 13.5%
1973 24.5% - 25.7% 13.6%
1972 24.1% - 22.8% 14.5%
1971 24.1% - 15.5% 15.7%
1970 25.8% - 15.5% 16.5%
1969 26.3% - 14.9% 16.8%
1968 27.3% - 14.3% 17.2%
1967 29.6% - 14.1% 18.5%
1966 31.7% - 14.4% 20.2%
1965 31.8% - 13.4% 20.4%
1964 33.5% - 13.9% 21.9%
1963 33.3% - 14.6% 20.8%
1962 43% - 14.5% 18.7%
1961 42.8% - 14.6% 17.1%
1960 39.2% - 14.3% 16.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Poland's government spending was $517B, accounting for 50% of its GDP, while Portugal spent $152B, or 43.7% of GDP.

Debt-to-GDP ratio is 58.8% in Poland and 89.9% in Portugal, ranking 81/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Poland

Portugal
1x
Year Deficit/surplus, % of GDP
Poland Portugal
2025 -7.01% 0.31%
2024 -6.48% 0.5%
2023 -5.2% 1.26%
2022 -3.37% -0.31%
2021 -1.68% -2.83%
2020 -6.85% -5.75%
2019 -0.73% 0.12%
2018 -0.24% -0.43%
2017 -1.49% -3%
2016 -2.38% -1.94%
2015 -2.59% -4.37%
2014 -3.66% -7.32%
2013 -4.25% -5.21%
2012 -3.8% -6.2%
2011 -4.97% -7.73%
2010 -7.43% -11.4%
2009 -7.24% -9.87%
2008 -3.6% -3.81%
2007 -1.88% -2.91%
2006 -3.53% -4.06%
2005 -3.93% -6.05%
2004 -5% -5.91%
2003 -6% -5.57%
2002 -4.79% -3.7%
2001 -4.71% -4.68%
2000 -3.98% -3.32%
1999 -2.29% -2.93%
1998 -4.24% -4.3%
1997 -4.59% -3.65%
1996 -4.82% -4.63%
1995 -4.38% -5.14%
1994 - -7.37%
1993 - -8.06%
1992 - -5.19%
1991 - -7.93%
1990 - -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Poland's government deficit, the difference between spending and revenue, was $72.6B, equivalent to 7.01% of GDP. This compares to Portugal's surplus of $1.07B, or 0.31% of GDP.

Over the past 31 years, Poland recorded a fiscal deficit in 31 of those years, while Portugal ran a deficit in 27 years. On average, Poland posted an annual deficit equal to 4.1% of GDP, compared to deficit of 4.03% of GDP for Portugal.

Inflation comparison by year

Inflation
Poland

Portugal
1x
Year Consumer prices inflation
Poland Portugal
2025 3.81% 2.34%
2024 3.79% 2.42%
2023 11.5% 4.31%
2022 14.4% 7.83%
2021 5.06% 1.27%
2020 3.37% -0.01%
2019 2.23% 0.34%
2018 1.81% 0.99%
2017 2.08% 1.37%
2016 -0.66% 0.61%
2015 -0.87% 0.49%
2014 0.05% -0.28%
2013 0.99% 0.27%
2012 3.56% 2.77%
2011 4.24% 3.65%
2010 2.58% 1.4%
2009 3.8% -0.84%
2008 4.16% 2.59%
2007 2.46% 2.45%
2006 1.28% 3.11%
2005 2.18% 2.28%
2004 3.38% 2.37%
2003 0.68% 3.22%
2002 1.91% 3.6%
2001 5.41% 4.37%
2000 9.9% 2.85%
1999 7.15% 2.34%
1998 11.6% 2.57%
1997 14.9% 2.34%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Poland has recorded an average annual inflation rate of 4.37%, compared with 2.17% in Portugal. In 2025, inflation was 3.81% in Poland and 2.34% in Portugal.

Top exports between countries

Poland
Export category Export value
Machinery & equipment $1.26B
Chemicals & pharma $322M
Textiles & consumer goods $249M
Processed food, beverages & tobacco $187M
Metals $143M
Animal & marine products $121M
Business & finance services $110M
Transport & tourism services $86.7M
Raw agricultural goods $50.3M
Wood & paper products $46.9M
Portugal
Export category Export value
Machinery & equipment $615M
Transport & tourism services $487M
Textiles & consumer goods $162M
Chemicals & pharma $159M
Processed food, beverages & tobacco $153M
Wood & paper products $123M
Business & finance services $75.7M
Raw agricultural goods $75.5M
Metals $67.5M
Raw materials & minerals $52.5M

Balance of trade

Poland Portugal
Current account balance
-$9.05B
2025
$6.51B
2024
Current account balance ranking
172/190
2025
30/190
2024
Current account balance, % of GDP
-0.87%
2025
+2.08%
2024
Goods imports
$406B
2025
$109B
2024
Goods exports
$390B
2025
$81.4B
2024
Service imports
$86.5B
2025
$27.9B
2024
Service exports
$131B
2025
$62.7B
2024
Imports of goods and services, % of GDP
47.1%
2025
42.7%
2025
Exports of goods and services, % of GDP
50%
2025
43.7%
2025

Economic freedom indices

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

Poland Portugal
Economic freedom 68.5 71.2
Economic freedom ranking 46/197 33/197
Property rights 71.8 88.9
Government integrity 60.7 63.4
Judicial effectiveness 62.5 90.1
Tax burden 72.7 60.6
Government spending 35.1 44.6
Fiscal health 74.8 82
Business freedom 77.5 83.1
Labor freedom 53.7 54.8
Monetary freedom 73.8 77.7
Trade freedom 79.4 79.4
Investment freedom 80 70
Financial freedom 80 60

Economic freedom comparison by year

Poland
Portugal
1x
Year Economic freedom index
Poland Portugal
2026 68.5 71.2
2025 67.1 70.5
2024 66 68.7
2023 67.7 69.5
2022 68.7 70.8
2021 69.7 67.5
2020 69.1 67
2019 67.8 65.3
2018 68.5 63.4
2017 68.3 62.6
2016 69.3 65.1
2015 68.6 65.3
2014 67 63.5
2013 66 63.1
2012 64.2 63
2011 64.1 64
2010 63.2 64.4
2009 60.3 64.9
2008 60.3 63.9
2007 58.1 64
2006 59.3 62.9
2005 59.6 62.4
2004 58.7 64.9
2003 61.8 64.9
2002 65 65.4
2001 61.8 66
2000 60 65.5
1999 59.6 65.6
1998 59.2 65
1997 56.8 63.6
1996 57.8 64.5
1995 50.7 62.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Poland is 68.5, ranking 46/197, compared to 71.2 for Portugal, ranking 33/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Poland Portugal
Services, % of GDP
59.7%
2025
66.6%
2025
Industry, % of GDP
25.8%
2025
18.3%
2025
Agriculture, forestry, and fishing, % of GDP
2.45%
2025
1.96%
2025
GNI, Atlas method
$930B
2025
$323B
2025
GNI per capita, PPP
$52,290
2025
$52,240
2025
Total reserves including gold
$272B
2025
$68.8B
2025
Total reserves ranking
16/177
2025
39/177
2025
Net foreign direct investment
-$11.7B
2025
-$6.64B
2024
Net inflows of foreign direct investment
$20.6B
2024
$13.5B
2024
Net outflows of foreign direct investment
$10B
2024
$6.84B
2024
Poverty at national poverty lines
13.3%
2024
16.4%
2021
Gross capital formation, % of GDP
17.9%
2025
21%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1994, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.