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Economy of Poland vs Rwanda compared: GDP & Debt

Updated on by Georank team

Poland has a GDP of $918B compared to $14.3B for Rwanda, ranking 21/197 and 144/197 by economy size, respectively.

Poland has $507B in government debt (55.3% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Poland vs Rwanda GDP by year

Poland
Rwanda
1x
Year GDP, current $
Poland Rwanda
2024 $917,767,106,147 $14,251,642,235
2023 $812,451,193,396 $14,331,722,703
2022 $695,607,470,875 $13,316,161,002
2021 $689,170,230,665 $11,078,787,090
2020 $605,914,237,904 $10,174,386,857
2019 $602,683,770,145 $10,349,300,277
2018 $594,616,687,350 $9,637,904,521
2017 $528,356,676,667 $9,252,833,891
2016 $473,259,583,970 $8,695,272,058
2015 $480,054,118,583 $8,543,760,200
2014 $542,134,167,179 $8,238,966,124
2013 $518,179,836,405 $7,819,964,030
2012 $498,148,649,703 $7,654,761,050
2011 $527,848,543,023 $6,884,913,658
2010 $478,111,630,684 $6,124,756,654
2009 $440,891,472,247 $5,674,476,969
2008 $535,612,030,672 $5,179,854,065
2007 $429,715,132,138 $4,070,507,895
2006 $345,897,630,736 $3,319,784,539
2005 $306,999,913,151 $2,933,819,766
2004 $256,268,656,145 $2,376,496,067
2003 $218,561,225,998 $2,138,237,279
2002 $199,694,463,256 $1,966,003,468
2001 $191,823,200,371 $1,966,600,715
2000 $172,953,527,033 $2,068,836,754
1999 $170,704,452,715 $2,157,108,263
1998 $175,282,269,667 $1,989,343,546
1997 $159,893,964,917 $1,851,558,197
1996 $160,813,026,223 $1,382,334,879
1995 $142,838,527,115 $1,293,535,193
1994 $110,803,635,288 $753,636,370
1993 $96,043,157,273 $1,971,525,712
1992 $94,337,050,693 $2,029,026,962
1991 $85,500,935,935 $1,911,600,237
1990 $65,977,748,211 $2,550,185,679
1989 - $2,405,022,593
1988 - $2,395,492,687
1987 - $2,157,432,668
1986 - $1,944,710,684
1985 - $1,715,626,331
1984 - $1,587,413,084
1983 - $1,479,687,587
1982 - $1,407,243,139
1981 - $1,407,062,527
1980 - $1,254,765,642
1979 - $1,109,346,131
1978 - $905,709,076
1977 - $746,650,613
1976 - $637,753,853
1975 - $571,863,500
1974 - $308,458,423
1973 - $290,746,157
1972 - $246,457,838
1971 - $222,952,504
1970 - $219,900,006
1969 - $188,700,037
1968 - $172,200,018
1967 - $159,560,018
1966 - $124,525,703
1965 - $148,799,980
1964 - $129,999,994
1963 - $128,000,000
1962 - $125,000,008
1961 - $122,000,016
1960 - $119,000,024

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

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

GDP per capita in Poland vs Rwanda by year

Poland
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Poland Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $25,104 $51,263 $1,000 $3,711
2023 $22,145 $48,473 $1,027 $3,399
2022 $18,891 $46,778 $975 $3,099
2021 $18,636 $41,060 $830 $2,733
2020 $16,151 $37,089 $779 $2,285
2019 $15,875 $35,882 $810 $2,336
2018 $15,658 $32,345 $772 $2,125
2017 $13,913 $30,170 $758 $1,968
2016 $12,464 $28,360 $730 $1,866
2015 $12,638 $26,988 $734 $1,781
2014 $14,262 $25,460 $725 $1,678
2013 $13,622 $24,434 $705 $1,512
2012 $13,087 $23,728 $707 $1,455
2011 $13,868 $22,809 $651 $1,413
2010 $12,568 $20,991 $594 $1,314
2009 $11,556 $19,300 $564 $1,241
2008 $14,049 $18,372 $528 $1,191
2007 $11,273 $16,833 $426 $1,079
2006 $9,069 $15,205 $357 $1,002
2005 $8,044 $13,936 $324 $914
2004 $6,712 $13,413 $269.5 $832
2003 $5,721 $12,329 $249 $775
2002 $5,223 $11,841 $234 $760
2001 $5,015 $11,175 $237.3 $670
2000 $4,521 $10,721 $251.9 $609
1999 $4,416 $10,081 $264.7 $554
1998 $4,534 $9,521 $246.2 $528
1997 $4,137 $8,967 $238.7 $500
1996 $4,164 $8,310 $206 $499
1995 $3,701 $7,715 $228 $514
1994 $2,875 $7,040 $111 $311
1993 $2,497 $6,560 $247 $521
1992 $2,459 $6,193 $264.1 $575
1991 $2,236 $5,925 $254 $542
1990 $1,731 $6,185 $346 $549
1989 - - $335 -
1988 - - $344 -
1987 - - $320 -
1986 - - $297.7 -
1985 - - $271.6 -
1984 - - $259.9 -
1983 - - $250.6 -
1982 - - $246.4 -
1981 - - $254.6 -
1980 - - $234.4 -
1979 - - $213.8 -
1978 - - $179.9 -
1977 - - $152.7 -
1976 - - $134.4 -
1975 - - $124.1 -
1974 - - $68.9 -
1973 - - $66.9 -
1972 - - $58.4 -
1971 - - $54.4 -
1970 - - $55.2 -
1969 - - $48.9 -
1968 - - $46 -
1967 - - $44 -
1966 - - $35.4 -
1965 - - $43.5 -
1964 - - $39 -
1963 - - $39.3 -
1962 - - $39.2 -
1961 - - $39.3 -
1960 - - $39.4 -

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

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

Poland's GDP per capita is $25,104, ranking 48/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Poland ranks 43rd at $51,263, while Rwanda ranks 168th at $3,711.

Economic indicators

Poland Rwanda
Gross domestic product
$918B
2024
$14.3B
2024
GDP rank
21/197
2024
144/197
2024
GDP growth
3.03%
2023-2024
8.89%
2023-2024
GDP per capita
$25,104
2024
$1,000
2024
GDP per capita rank
48/197
2024
178/197
2024
GDP per capita, PPP
$51,263
2024
$3,711
2024
GDP per capita PPP rank
43/197
2024
168/197
2024
Government debt
$507B
2024
$9.58B
2024
Debt-to-GDP ratio
55.3%
2024
67.2%
2024
Government debt per person
$13,874
2024
$672
2024
Government debt per person rank
41/185
2024
157/185
2024
Average annual personal income after taxes
$20,736
2026
$2,194
2026
Market capitalization of domestic companies
$197B
2024
$2.75B
2024
Number of billionaires
10
2025
n/a
Income share by richest 10%
22.9%
2023
33.4%
2023
Income share by poorest 10%
3.3%
2023
3.1%
2023
Government expenditure, % of GDP
49.4%
2024
28.8%
2024
Consumer prices inflation
3.78%
2023-2024
1.77%
2023-2024
Central bank interest rate
4%
2025
6.75%
2025
Unemployment rate
2.81%
2024
11.3%
2024
Population
35806942
14975051

Spending and national debt comparison by year

Poland
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Poland Rwanda
Government spending Government debt Government spending Government debt
2024 49.4% 55.3% 28.8% 67.2%
2023 46.9% 49.5% 27% 63.4%
2022 43.2% 48.8% 29.7% 60.9%
2021 43.6% 53% 31.6% 67.3%
2020 47.7% 56.6% 33.5% 68.7%
2019 41.4% 45.2% 28.2% 53.6%
2018 41% 48.2% 26.4% 49.2%
2017 41.1% 50.4% 25.1% 45.6%
2016 41.1% 54.1% 25.1% 41.1%
2015 41.5% 51.1% 26.6% 33.1%
2014 42.7% 51.1% 27.5% 29.1%
2013 43.2% 56.9% 26.2% 26.7%
2012 43.2% 54.5% 24.6% 19.1%
2011 44.1% 54.8% 24.7% 18.7%
2010 46% 53.7% 23.8% 18.8%
2009 44.9% 49.7% 22.3% 18.5%
2008 44% 46.6% 22.5% 18.3%
2007 42.8% 44.4% 22.4% 22.1%
2006 44.3% 47.1% 20.6% 22.5%
2005 44.1% 46.5% 19.9% 58.9%
2004 43.3% 44.9% 17.9% 80.9%
2003 45.5% 46.4% 18.5% 79.5%
2002 45.1% 41.6% 20.5% 92%
2001 44.7% 37.2% 19.1% 84%
2000 43.1% 36.4% 18.2% 86%
1999 42.5% 39.4% 22.4% 78.4%
1998 44% 38.7% 16.4% 70.1%
1997 46.1% 42.7% 17% 72.2%
1996 50.7% 43.2% 19.5% 83.4%
1995 47.5% 48.7% 18% 100.8%
1994 - 64.3% 13.3% -
1993 - 83.9% 20.3% -
1992 - 81.9% 21.5% -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Poland's government spending was $453B, accounting for 49.4% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 55.3% in Poland and 67.2% in Rwanda, ranking 95/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Poland

Rwanda
1x
Year Deficit/surplus, % of GDP
Poland Rwanda
2024 -6.59% -6.57%
2023 -5.27% -5.04%
2022 -3.44% -5.74%
2021 -1.75% -7%
2020 -6.85% -9.54%
2019 -0.73% -5.08%
2018 -0.24% -2.57%
2017 -1.49% -2.52%
2016 -2.38% -2.27%
2015 -2.59% -2.68%
2014 -3.66% -3.92%
2013 -4.25% -1.27%
2012 -3.8% -2.38%
2011 -4.97% -0.86%
2010 -7.43% -0.64%
2009 -7.24% 0.26%
2008 -3.6% 0.83%
2007 -1.88% -1.56%
2006 -3.53% -0.03%
2005 -3.93% 1.12%
2004 -4.99% 2.27%
2003 -6.02% -1.23%
2002 -4.8% -2.03%
2001 -4.73% -1.8%
2000 -4% -0.22%
1999 -2.3% -4.41%
1998 -4.25% -2.59%
1997 -4.61% -2.22%
1996 -4.84% -5.01%
1995 -4.39% -2.04%
1994 - -9.54%
1993 - -6.6%
1992 - -7.21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

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

In 2024, Poland's government deficit, the difference between spending and revenue, was $60.4B, equivalent to 6.59% of GDP. This compares to Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 30 years, Poland recorded a fiscal deficit in 30 of those years, while Rwanda ran a deficit in 26 years. On average, Poland posted an annual deficit equal to 4.02% of GDP, compared to deficit of 2.56% of GDP for Rwanda.

Inflation comparison by year

Inflation
Poland

Rwanda
1x
Year Consumer prices inflation
Poland Rwanda
2024 3.78% 1.77%
2023 11.5% 19.8%
2022 14.4% 17.7%
2021 5.06% -0.39%
2020 3.37% 9.85%
2019 2.23% 3.35%
2018 1.81% -0.31%
2017 2.08% 8.28%
2016 -0.66% 7.17%
2015 -0.87% 2.53%
2014 0.05% 2.35%
2013 0.99% 5.92%
2012 3.56% 10.3%
2011 4.24% 3.08%
2010 2.58% -0.25%
2009 3.8% 12.9%
2008 4.16% 15.4%
2007 2.46% 9.08%
2006 1.28% 8.88%
2005 2.18% 9.01%
2004 3.38% 12.3%
2003 0.68% 7.45%
2002 1.91% 1.99%
2001 5.41% 3.34%
2000 9.9% 3.9%
1999 7.15% -2.41%
1998 11.6% 6.21%
1997 14.9% 12%

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

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

Over the past 28 years, Poland has recorded an average annual inflation rate of 4.39%, compared with 6.83% in Rwanda. In 2024, inflation was 3.78% in Poland and 1.77% in Rwanda.

Top exports between countries

Poland
Export category Export value
Weapons & explosives $8M
Machinery & equipment $5.16M
Raw agricultural goods $1.57M
Raw materials & minerals $1.37M
Processed food, beverages & tobacco $687K
Animal & marine products $284K
Wood & paper products $218K
Metals $145K
Chemicals & pharma $128K
Textiles & consumer goods $115K
Rwanda
Export category Export value
Raw agricultural goods $104K
Machinery & equipment $18K

Balance of trade

Poland Rwanda
Current account balance
$2.8B
2024
-$1.81B
2024
Current account balance ranking
40/190
2024
140/190
2024
Current account balance, % of GDP
+0.3%
2024
-12.7%
2024
Goods imports
$367B
2024
$5.55B
2024
Goods exports
$361B
2024
$3.2B
2024
Service imports
$74.9B
2024
$991M
2024
Service exports
$118B
2024
$1.08B
2024
Imports of goods and services, % of GDP
48.2%
2024
39.1%
2024
Exports of goods and services, % of GDP
52.2%
2024
30.8%
2024

Economic freedom indices

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

Poland Rwanda
Economic freedom 68.5 56.5
Economic freedom ranking 46/197 121/197
Property rights 71.8 60.3
Government integrity 60.7 53.9
Judicial effectiveness 62.5 27.5
Tax burden 72.7 80.6
Government spending 35.1 75.7
Fiscal health 74.8 37.5
Business freedom 77.5 60.1
Labor freedom 53.7 49.1
Monetary freedom 73.8 72.3
Trade freedom 79.4 61.8
Investment freedom 80 60
Financial freedom 80 40

Economic freedom comparison by year

Poland
Rwanda
1x
Year Economic freedom index
Poland Rwanda
2026 68.5 56.5
2025 67.1 54.8
2024 66 51.6
2023 67.7 52.2
2022 68.7 57.1
2021 69.7 68.3
2020 69.1 70.9
2019 67.8 71.1
2018 68.5 69.1
2017 68.3 67.6
2016 69.3 63.1
2015 68.6 64.8
2014 67 64.7
2013 66 64.1
2012 64.2 64.9
2011 64.1 62.7
2010 63.2 59.1
2009 60.3 54.2
2008 60.3 54.2
2007 58.1 52.4
2006 59.3 52.8
2005 59.6 51.7
2004 58.7 53.3
2003 61.8 47.8
2002 65 50.4
2001 61.8 45.4
2000 60 42.3
1999 59.6 39.8
1998 59.2 39.1
1997 56.8 38.3
1996 57.8 -
1995 50.7 -

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

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

The Economic Freedom Index for Poland is 68.5, ranking 46/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Poland Rwanda
Services, % of GDP
59.1%
2024
47.6%
2024
Industry, % of GDP
27.2%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
24.6%
2024
GNI, Atlas method
$789B
2024
$14.8B
2024
GNI per capita, PPP
$49,540
2024
$3,620
2024
Total reserves including gold
$223B
2024
$2.41B
2024
Total reserves ranking
17/177
2024
123/177
2024
Net foreign direct investment
-$10.6B
2024
-$560M
2024
Net inflows of foreign direct investment
$20.6B
2024
$573M
2024
Net outflows of foreign direct investment
$10B
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI n/a
3.09%
2024
Poverty at national poverty lines
13.3%
2024
27.4%
2023
Gross capital formation, % of GDP
17.8%
2024
25.9%
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/poland/rwanda | 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 (1992–2024, 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.