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Economy of Poland vs South Africa compared: GDP & Debt

Updated on by Georank team

Poland has a GDP of $918B compared to $401B for South Africa, ranking 21/197 and 40/197 by economy size, respectively.

Poland has $507B in government debt (55.3% of GDP), compared to $305B (76% of GDP) in South Africa.

Poland vs South Africa GDP by year

Poland
South Africa
1x
Year GDP, current $
Poland South Africa
2024 $917,767,106,147 $401,144,998,374
2023 $812,451,193,396 $381,440,724,491
2022 $695,607,470,875 $407,596,043,068
2021 $689,170,230,665 $419,986,284,375
2020 $605,914,237,904 $337,974,655,408
2019 $602,683,770,145 $389,330,032,224
2018 $594,616,687,350 $405,260,723,893
2017 $528,356,676,667 $381,448,814,653
2016 $473,259,583,970 $323,585,509,674
2015 $480,054,118,583 $346,709,790,459
2014 $542,134,167,179 $381,198,869,776
2013 $518,179,836,405 $400,886,013,596
2012 $498,148,649,703 $434,400,545,086
2011 $527,848,543,023 $458,199,494,831
2010 $478,111,630,684 $417,363,822,802
2009 $440,891,472,247 $329,754,060,647
2008 $535,612,030,672 $316,131,258,616
2007 $429,715,132,138 $333,077,117,254
2006 $345,897,630,736 $303,858,675,364
2005 $306,999,913,151 $288,867,217,197
2004 $256,268,656,145 $255,806,908,595
2003 $218,561,225,998 $197,018,965,309
2002 $199,694,463,256 $129,087,556,612
2001 $191,823,200,371 $135,429,905,923
2000 $172,953,527,033 $151,752,757,215
1999 $170,704,452,715 $151,516,957,079
1998 $175,282,269,667 $152,982,984,557
1997 $159,893,964,917 $168,978,057,328
1996 $160,813,026,223 $163,234,925,381
1995 $142,838,527,115 $171,735,933,897
1994 $110,803,635,288 $153,512,712,382
1993 $96,043,157,273 $147,194,747,566
1992 $94,337,050,693 $146,956,150,987
1991 $85,500,935,935 $135,203,698,238
1990 $65,977,748,211 $126,048,140,142
1989 - $108,055,624,082
1988 - $103,976,831,871
1987 - $96,535,763,418
1986 - $73,354,771,399
1985 - $64,459,376,087
1984 - $84,870,163,366
1983 - $96,204,110,942
1982 - $85,904,057,409
1981 - $93,141,472,164
1980 - $89,411,864,402
1979 - $63,038,658,089
1978 - $51,607,412,902
1977 - $45,328,411,332
1976 - $41,150,460,288
1975 - $42,906,905,672
1974 - $41,389,186,095
1973 - $33,262,772,008
1972 - $24,515,919,217
1971 - $23,411,076,638
1970 - $21,218,391,513
1969 - $19,256,992,297
1968 - $17,124,793,150
1967 - $15,821,393,671
1966 - $14,211,394,315
1965 - $13,068,994,772
1964 - $11,955,995,218
1963 - $10,854,195,658
1962 - $9,813,996,074
1961 - $9,225,996,310
1960 - $8,748,596,501

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

GeoRank.org/economy/poland/south-africa | CC BY

GDP per capita in Poland vs South Africa by year

Poland
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Poland South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $25,104 $51,263 $6,267 $15,456
2023 $22,145 $48,473 $6,034 $15,200
2022 $18,891 $46,778 $6,534 $14,749
2021 $18,636 $41,060 $6,829 $13,682
2020 $16,151 $37,089 $5,581 $12,671
2019 $15,875 $35,882 $6,534 $13,361
2018 $15,658 $32,345 $6,914 $13,347
2017 $13,913 $30,170 $6,618 $13,738
2016 $12,464 $28,360 $5,651 $13,519
2015 $12,638 $26,988 $6,112 $13,398
2014 $14,262 $25,460 $6,857 $13,359
2013 $13,622 $24,434 $7,332 $13,369
2012 $13,087 $23,728 $8,077 $12,987
2011 $13,868 $22,809 $8,646 $13,143
2010 $12,568 $20,991 $7,973 $12,637
2009 $11,556 $19,300 $6,375 $12,261
2008 $14,049 $18,372 $6,185 $12,525
2007 $11,273 $16,833 $6,592 $12,047
2006 $9,069 $15,205 $6,077 $11,250
2005 $8,044 $13,936 $5,837 $10,441
2004 $6,712 $13,413 $5,221 $9,714
2003 $5,721 $12,329 $4,062 $9,139
2002 $5,223 $11,841 $2,688 $8,792
2001 $5,015 $11,175 $2,847 $8,428
2000 $4,521 $10,721 $3,218 $8,095
1999 $4,416 $10,081 $3,242 $7,667
1998 $4,534 $9,521 $3,310 $7,463
1997 $4,137 $8,967 $3,700 $7,433
1996 $4,164 $8,310 $3,618 $7,208
1995 $3,701 $7,715 $3,856 $6,875
1994 $2,875 $7,040 $3,489 $6,611
1993 $2,497 $6,560 $3,400 $6,375
1992 $2,459 $6,193 $3,462 $6,275
1991 $2,236 $5,925 $3,243 $6,383
1990 $1,731 $6,185 $3,093 $6,382
1989 - - $2,727 -
1988 - - $2,702 -
1987 - - $2,586 -
1986 - - $2,027 -
1985 - - $1,839 -
1984 - - $2,504 -
1983 - - $2,938 -
1982 - - $2,717 -
1981 - - $3,050 -
1980 - - $3,029 -
1979 - - $2,202 -
1978 - - $1,852 -
1977 - - $1,671 -
1976 - - $1,559 -
1975 - - $1,670 -
1974 - - $1,656 -
1973 - - $1,369 -
1972 - - $1,038 -
1971 - - $1,020 -
1970 - - $952 -
1969 - - $891 -
1968 - - $817 -
1967 - - $779 -
1966 - - $722 -
1965 - - $685 -
1964 - - $646 -
1963 - - $605 -
1962 - - $563 -
1961 - - $546 -
1960 - - $532 -

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

GeoRank.org/economy/poland/south-africa | CC BY

Poland's GDP per capita is $25,104, ranking 48/197, compared to $6,267 in South Africa, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Poland ranks 43rd at $51,263, while South Africa ranks 112th at $15,456.

Economic indicators

Poland South Africa
Gross domestic product
$918B
2024
$401B
2024
GDP rank
21/197
2024
40/197
2024
GDP growth
3.03%
2023-2024
0.53%
2023-2024
GDP per capita
$25,104
2024
$6,267
2024
GDP per capita rank
48/197
2024
111/197
2024
GDP per capita, PPP
$51,263
2024
$15,456
2024
GDP per capita PPP rank
43/197
2024
112/197
2024
Government debt
$507B
2024
$305B
2024
Debt-to-GDP ratio
55.3%
2024
76%
2024
Government debt per person
$13,874
2024
$4,761
2024
Government debt per person rank
41/185
2024
83/185
2024
Average annual personal income after taxes
$20,736
2026
$15,431
2026
Market capitalization of domestic companies
$197B
2024
$986B
2024
Number of millionaires n/a
90,595
2025
Number of billionaires
10
2025
7
2025
Income share by richest 10%
22.9%
2023
50.5%
2014
Income share by poorest 10%
3.3%
2023
0.9%
2014
Government expenditure, % of GDP
49.4%
2024
33%
2024
Consumer prices inflation
3.78%
2023-2024
4.36%
2023-2024
Central bank interest rate
4%
2025
6.75%
2025
Unemployment rate
2.81%
2024
32.3%
2024
Population
35806942
65683993

Spending and national debt comparison by year

Poland
Spending

Debt
South Africa
Spending

Debt
1x
Year % of GDP
Poland South Africa
Government spending Government debt Government spending Government debt
2024 49.4% 55.3% 33% 76%
2023 46.9% 49.5% 32.5% 73.2%
2022 43.2% 48.8% 31.9% 70.7%
2021 43.6% 53% 32.7% 68.8%
2020 47.7% 56.6% 34.6% 68.9%
2019 41.4% 45.2% 31.4% 56.1%
2018 41% 48.2% 30.2% 51.5%
2017 41.1% 50.4% 29.9% 48.6%
2016 41.1% 54.1% 29.9% 47.1%
2015 41.5% 51.1% 30.2% 45.2%
2014 42.7% 51.1% 29.3% 43.3%
2013 43.2% 56.9% 28.9% 40.4%
2012 43.2% 54.5% 28.6% 37.4%
2011 44.1% 54.8% 28.1% 34.7%
2010 46% 53.7% 28.3% 31.2%
2009 44.9% 49.7% 28.5% 27%
2008 44% 46.6% 26% 24%
2007 42.8% 44.4% 24.4% 24.3%
2006 44.3% 47.1% 24.7% 28%
2005 44.1% 46.5% 25.1% 29.6%
2004 43.3% 44.9% 22.7% 30.7%
2003 45.5% 46.4% 22.6% 31.5%
2002 45.1% 41.6% 22.2% 31.8%
2001 44.7% 37.2% 22.6% 38%
2000 43.1% 36.4% 22.6% 37.9%
1999 42.5% 39.4% 26.7% 45.9%
1998 44% 38.7% 27.1% 45.8%
1997 46.1% 42.7% 27.9% 45.8%
1996 50.7% 43.2% 28.5% 44.3%
1995 47.5% 48.7% 27.2% 47%
1994 - 64.3% 31.3% 46.4%
1993 - 83.9% 29.1% 39.8%
1992 - 81.9% 29.8% 34.8%
1991 - 76.9% 27.8% 34.7%
1990 - 89.7% 28.7% 31.8%
1989 - - 29.6% 33.3%
1988 - - 23.9% 30.6%
1987 - - 28% 33.5%
1986 - - 27.8% 32.5%
1985 - - 26.8% 26.3%
1984 - - 25.2% 23.2%
1983 - - 25.1% 28.7%
1982 - - 23.8% 31.3%
1981 - - 23.3% 27.4%
1980 - - 21.8% 33.3%
1979 35.6% - 26.5% 41.9%
1978 35.8% - 26.8% 44.7%
1977 35.6% - 27.3% 45.3%
1976 34.8% - 23% 35%
1975 34.1% - 21.2% 32.8%
1974 28.6% - 19.1% 33.7%
1973 24.5% - 21% 38.2%
1972 24.1% - 22.9% 41.1%
1971 24.1% - 19.9% 41.1%
1970 25.8% - 20% 43.3%
1969 26.3% - 18.8% 44.4%
1968 27.3% - 19.4% 42.7%
1967 29.6% - 18.8% 41.1%
1966 31.7% - 18.3% 41.4%
1965 31.8% - 18.2% 42.7%
1964 33.5% - 11.3% 30%
1963 33.3% - 15.9% 43.4%
1962 43% - 15.9% 45.7%
1961 42.8% - 15.7% 52.8%
1960 39.2% - 16.7% 52.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/poland/south-africa | CC BY

In 2024, Poland's government spending was $453B, accounting for 49.4% of its GDP, while South Africa spent $132B, or 33% of GDP.

Debt-to-GDP ratio is 55.3% in Poland and 76% in South Africa, ranking 95/185 and 48/185, respectively.

Government deficit by year

Deficit/surplus
Poland

South Africa
1x
Year Deficit/surplus, % of GDP
Poland South Africa
2024 -6.59% -5.79%
2023 -5.27% -5.55%
2022 -3.44% -4.25%
2021 -1.75% -5.54%
2020 -6.85% -9.62%
2019 -0.73% -5.07%
2018 -0.24% -3.73%
2017 -1.49% -4.02%
2016 -2.38% -3.72%
2015 -2.59% -4.37%
2014 -3.66% -3.93%
2013 -4.25% -3.9%
2012 -3.8% -4.04%
2011 -4.97% -3.7%
2010 -7.43% -4.51%
2009 -7.24% -4.67%
2008 -3.6% -0.49%
2007 -1.88% 1.22%
2006 -3.53% 0.81%
2005 -3.93% -0.1%
2004 -4.99% -1.04%
2003 -6.02% -1.59%
2002 -4.8% -0.96%
2001 -4.73% -1.02%
2000 -4% -1.38%
1999 -2.3% -2.21%
1998 -4.25% -2.56%
1997 -4.61% -4.08%
1996 -4.84% -4.53%
1995 -4.39% -4.38%
1994 - -8.09%
1993 - -8.54%
1992 - -7.09%
1991 - -4.85%
1990 - -3.82%
1989 - -8.3%
1988 - -3.29%
1987 - -6.36%
1986 - -5.69%
1985 - -4.86%
1984 - -5.24%
1983 - -5.3%
1982 - -3.88%
1981 - -3.72%
1980 - -1.91%
1979 - -4.65%
1978 - -5.42%
1977 - -5.52%
1976 - -4.19%
1975 - -2.62%
1974 - -1.5%
1973 - -4.54%
1972 - -5.39%
1971 - -1.96%
1970 - -3.19%
1969 - -3.94%
1968 - -3.38%
1967 - -3.8%
1966 - -3.04%
1965 - -3.15%
1964 - -1.19%
1963 - -2.26%
1962 - -1.4%
1961 - -3.25%
1960 - -2.36%
1959 - -4.4%
1958 - -3.5%
1957 - -2.8%
1956 - -2.12%
1955 - -2.9%
1954 - -2.53%
1953 - -3.72%
1952 - -4.14%
1951 - -0.4%
1950 - -2.33%
1949 - -6.87%
1948 - -6.03%
1947 - -1.82%
1946 - -4.03%
1945 - -7.41%
1944 - -8.94%
1943 - -8.49%
1942 - -9.08%
1941 - -7.3%
1940 - -10.9%
1939 - -2.96%
1938 - -3.91%
1937 - -2.16%
1936 - -2.58%
1935 - -3.2%
1934 - -3.29%
1933 - -3.31%
1932 - -4.72%
1931 - -5.31%
1930 - -5.19%
1929 - -4.41%
1928 - -3.29%
1927 - -3.79%
1926 - -4.76%
1925 - -4.92%
1924 - -4.72%
1923 - -5.53%
1922 - -4.51%
1921 - -5.38%
1920 - -5.52%
1919 - -2.6%
1918 - -3.7%
1917 - -3.52%
1916 - -2.57%
1915 - -10.7%
1914 - -11.6%
1913 - -4.15%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/poland/south-africa | 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 South Africa's deficit of $23.2B, or 5.79% of GDP.

Over the past 30 years, Poland recorded a fiscal deficit in 30 of those years, while South Africa ran a deficit in 28 years. On average, Poland posted an annual deficit equal to 4.02% of GDP, compared to deficit of 3.29% of GDP for South Africa.

Inflation comparison by year

Inflation
Poland

South Africa
1x
Year Consumer prices inflation
Poland South Africa
2024 3.78% 4.36%
2023 11.5% 6.08%
2022 14.4% 7.04%
2021 5.06% 4.62%
2020 3.37% 3.23%
2019 2.23% 4.1%
2018 1.81% 4.51%
2017 2.08% 5.19%
2016 -0.66% 6.6%
2015 -0.87% 4.52%
2014 0.05% 6.13%
2013 0.99% 5.78%
2012 3.56% 5.74%
2011 4.24% 5%
2010 2.58% 4.07%
2009 3.8% 7.24%
2008 4.16% 9.91%
2007 2.46% 6.18%
2006 1.28% 3.24%
2005 2.18% 2.06%
2004 3.38% -0.69%
2003 0.68% 5.68%
2002 1.91% 9.49%
2001 5.41% 5.7%
2000 9.9% 5.34%
1999 7.15% 5.18%
1998 11.6% 6.88%
1997 14.9% 8.6%

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

GeoRank.org/economy/poland/south-africa | CC BY

Over the past 28 years, Poland has recorded an average annual inflation rate of 4.39%, compared with 5.42% in South Africa. In 2024, inflation was 3.78% in Poland and 4.36% in South Africa.

Top exports between countries

Poland
Export category Export value
Machinery & equipment $304M
Chemicals & pharma $159M
Textiles & consumer goods $81.2M
Processed food, beverages & tobacco $59.4M
Raw agricultural goods $57.1M
Raw materials & minerals $51.4M
Metals $19.3M
Wood & paper products $13.5M
Animal & marine products $4.57M
Transport & tourism services $3.22M
South Africa
Export category Export value
Raw materials & minerals $27.7M
Animal & marine products $23.9M
Machinery & equipment $20.8M
Processed food, beverages & tobacco $13.5M
Metals $12.4M
Textiles & consumer goods $8.41M
Chemicals & pharma $6.77M
Raw agricultural goods $4.61M
Precious metals & jewellery $1.06M
Wood & paper products $460K

Balance of trade

Poland South Africa
Current account balance
$2.8B
2024
-$2.58B
2024
Current account balance ranking
40/190
2024
152/190
2024
Current account balance, % of GDP
+0.3%
2024
-0.64%
2024
Goods imports
$367B
2024
$99.8B
2024
Goods exports
$361B
2024
$112B
2024
Service imports
$74.9B
2024
$20B
2024
Service exports
$118B
2024
$16.1B
2024
Imports of goods and services, % of GDP
48.2%
2024
29.9%
2024
Exports of goods and services, % of GDP
52.2%
2024
31.8%
2024

Economic freedom indices

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

Poland South Africa
Economic freedom 68.5 58.6
Economic freedom ranking 46/197 110/197
Property rights 71.8 48.8
Government integrity 60.7 46.7
Judicial effectiveness 62.5 64.6
Tax burden 72.7 65.4
Government spending 35.1 68.4
Fiscal health 74.8 45.3
Business freedom 77.5 67.9
Labor freedom 53.7 70.8
Monetary freedom 73.8 75.8
Trade freedom 79.4 68.8
Investment freedom 80 40
Financial freedom 80 40

Economic freedom comparison by year

Poland
South Africa
1x
Year Economic freedom index
Poland South Africa
2026 68.5 58.6
2025 67.1 57.3
2024 66 55.3
2023 67.7 55.7
2022 68.7 56.2
2021 69.7 59.7
2020 69.1 58.8
2019 67.8 58.3
2018 68.5 63
2017 68.3 62.3
2016 69.3 61.9
2015 68.6 62.6
2014 67 62.5
2013 66 61.8
2012 64.2 62.7
2011 64.1 62.7
2010 63.2 62.8
2009 60.3 63.8
2008 60.3 63.4
2007 58.1 63.5
2006 59.3 63.7
2005 59.6 62.9
2004 58.7 66.3
2003 61.8 67.1
2002 65 64
2001 61.8 63.8
2000 60 63.7
1999 59.6 63.3
1998 59.2 64.3
1997 56.8 63.2
1996 57.8 62.5
1995 50.7 60.7

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

GeoRank.org/economy/poland/south-africa | CC BY

The Economic Freedom Index for Poland is 68.5, ranking 46/197, compared to 58.6 for South Africa, ranking 110/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Poland South Africa
Services, % of GDP
59.1%
2024
63%
2024
Industry, % of GDP
27.2%
2024
24.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
2.81%
2024
GNI, Atlas method
$789B
2024
$391B
2024
GNI per capita, PPP
$49,540
2024
$15,150
2024
Total reserves including gold
$223B
2024
$65.4B
2024
Total reserves ranking
17/177
2024
36/177
2024
Net foreign direct investment
-$10.6B
2024
-$3.59B
2024
Net inflows of foreign direct investment
$20.6B
2024
$2.33B
2024
Net outflows of foreign direct investment
$10B
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI n/a
5.74%
2024
Poverty at national poverty lines
13.3%
2024
55.5%
2014
Gross capital formation, % of GDP
17.8%
2024
14.1%
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/south-africa | 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 (1913–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, 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 (2023–2024, 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.