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Poland vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Poland ranked 22nd with $585.7B. By GDP 5-years average growth and GDP per capita, South Korea and Poland ranked 93rd vs 53rd and 33rd vs 62nd, respectively.

Gross Domestic Product & Income

StatPolandSouth Korea
GDP$585.7B$1.6T
GDP growth, 1 year5.1%2.7%
GDP growth, 5-years average4%3%
Population38.5M51.1M
GDP per capita$15k$31k
GDP per capita growth5.14%2.33%
Purchasing Power Parity conversion factor1.78860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.78
GDP per capita, PPP adjusted$32k$41k
GNI, Atlas method$535.5B$1.6T
GNI per capita$14k$31k
GNI, PPP adjusted$1.1T$2.1T
GNI per capita, PPP adjusted$30k$40k

Financial system and Human development

StatPolandSouth Korea
Income Tax Rate32%42%
Corporate Tax Rate19%25%
Inflation, consumer prices1.6%1.5%
Inflation, GDP deflator1.2%0.3%
Unemployment3.7%3.8%
Economic Freedom Index69.174
Personal Freedom Index8.958.84
Human Freedom Index8.028.15
Property Rights Index63.182.5
Judical Effectiveness Index42.861
Business Freedom Index62.690.5
Fiscal Health Index92.296.7
Labor Freedom Index6256.2
Investment Freedom Index8070
Financial Freedom Index7070
Trade Freedom Index86.480
Monetary Freedom Index8282.1
Government Spending Index48.867.7
Tax Burden Index74.763.9
Government Integrity Index64.667.5
Corruption Perceptions Index6057
Life expectancy at birth, years77.982.6
Suicide mortality rate, per 100,000 people16.226.9
Mortality caused by road traffic injury, per 100,000 people9.79.8
Intentional homicides, per 100,000 people0.80.6
International tourism, number of arrivals19.6M15.3M

Government debt & reserves

StatPolandSouth Korea
Central government debt, % of GDP48.4%40.7%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI10.6%20.1%
Gross savings, % of GDP19.6%34.7%
Gross capital formation, % of GDP20.7%30.2%
Total reserves including gold$117B$403.1B
Foreign direct investment net inflows$16.7B$14.5B

Exports, imports and economic structure

StatPolandSouth Korea
Exports of goods and services, % of GDP55.6%44%
Imports of goods and services, % of GDP52.2%39%
Current account balance (balance of payments)-$5.8B$76.4B
Revenue excluding grants, % of GDP33.6%27.8%
Grants excluding technical cooperation, BoP$1.4B$6.7M
Personal remittances received$7.1B$7.1B
Industry including construction value added, % of GDP28.6%35.1%
Agriculture, forestry and fishing value added, % of GDP2.1%2%
Charges for the use of intellectual property, payments BoP$3.6B$9.9B
Charges for the use of intellectual property, receipts BoP$614M$7.8B
Expense, % of GDP34.2%25.4%
Government Expenditure, % of GDP41.3%32.8%

Compare with countries close by GDP per capita

Poland vs

CountryGDP
per capita
Population
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M
Barbados
$18k
285k
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k