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Economy of Poland vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Poland has a GDP of $918B compared to $51.4B for Turkmenistan, ranking 21/197 and 92/197 by economy size, respectively.

Poland has $507B in government debt (55.3% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Poland vs Turkmenistan GDP by year

Poland
Turkmenistan
1x
Year GDP, current $
Poland Turkmenistan
2024 $917,767,106,147 $51,387,209,872
2023 $812,451,193,396 $45,894,538,666
2022 $695,607,470,875 $42,208,726,138
2021 $689,170,230,665 $40,589,905,812
2020 $605,914,237,904 $41,509,903,182
2019 $602,683,770,145 $40,810,067,975
2018 $594,616,687,350 $40,765,428,571
2017 $528,356,676,667 $37,926,285,714
2016 $473,259,583,970 $36,169,428,571
2015 $480,054,118,583 $35,799,714,286
2014 $542,134,167,179 $43,524,210,526
2013 $518,179,836,405 $39,197,543,860
2012 $498,148,649,703 $35,164,210,526
2011 $527,848,543,023 $29,233,333,333
2010 $478,111,630,684 $22,583,157,895
2009 $440,891,472,247 $20,214,385,965
2008 $535,612,030,672 $19,271,523,179
2007 $429,715,132,138 $12,664,165,103
2006 $345,897,630,736 $10,276,674,365
2005 $306,999,913,151 $8,103,901,996
2004 $256,268,656,145 $6,838,351,088
2003 $218,561,225,998 $5,977,440,583
2002 $199,694,463,256 $4,462,029,109
2001 $191,823,200,371 $3,534,772,732
2000 $172,953,527,033 $2,904,663,311
1999 $170,704,452,715 $2,450,564,100
1998 $175,282,269,667 $2,605,689,134
1997 $159,893,964,917 $2,450,350,625
1996 $160,813,026,223 $2,378,759,975
1995 $142,838,527,115 $2,482,228,440
1994 $110,803,635,288 $2,561,118,608
1993 $96,043,157,273 $3,179,225,949
1992 $94,337,050,693 $3,200,539,816
1991 $85,500,935,935 $3,208,098,919
1990 $65,977,748,211 $3,189,539,641
1989 - $3,006,988,217
1988 - $3,010,982,414
1987 - $2,331,358,820

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Poland vs Turkmenistan by year

Poland
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Poland Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $25,104 $51,263 $6,857 $21,213
2023 $22,145 $48,473 $6,232 $19,829
2022 $18,891 $46,778 $5,838 $18,340
2021 $18,636 $41,060 $5,723 $16,434
2020 $16,151 $37,089 $5,973 $15,091
2019 $15,875 $35,882 $5,998 $15,478
2018 $15,658 $32,345 $6,125 $14,368
2017 $13,913 $30,170 $5,828 $13,278
2016 $12,464 $28,360 $5,687 $12,919
2015 $12,638 $26,988 $5,759 $12,715
2014 $14,262 $25,460 $7,164 $12,477
2013 $13,622 $24,434 $6,600 $11,723
2012 $13,087 $23,728 $6,054 $11,035
2011 $13,868 $22,809 $5,144 $10,283
2010 $12,568 $20,991 $4,059 $8,972
2009 $11,556 $19,300 $3,708 $8,285
2008 $14,049 $18,372 $3,606 $7,916
2007 $11,273 $16,833 $2,415 $6,901
2006 $9,069 $15,205 $1,997 $6,164
2005 $8,044 $13,936 $1,604 $5,489
2004 $6,712 $13,413 $1,379 $4,798
2003 $5,721 $12,329 $1,229 $4,536
2002 $5,223 $11,841 $936 $4,393
2001 $5,015 $11,175 $756 $4,401
2000 $4,521 $10,721 $634 $4,209
1999 $4,416 $10,081 $546 $3,981
1998 $4,534 $9,521 $591 $3,432
1997 $4,137 $8,967 $565 $3,222
1996 $4,164 $8,310 $558 $3,636
1995 $3,701 $7,715 $592 $3,405
1994 $2,875 $7,040 $622 $3,659
1993 $2,497 $6,560 $788 $4,422
1992 $2,459 $6,193 $811 $4,351
1991 $2,236 $5,925 $832 $5,117
1990 $1,731 $6,185 $848 $5,321
1989 - - $821 -
1988 - - $846 -
1987 - - $675 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

Poland's GDP per capita is $25,104, ranking 48/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Poland ranks 43rd at $51,263, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Poland Turkmenistan
Gross domestic product
$918B
2024
$51.4B
2024
GDP rank
21/197
2024
92/197
2024
GDP growth
3.03%
2023-2024
6.3%
2023-2024
GDP per capita
$25,104
2024
$6,857
2024
GDP per capita rank
48/197
2024
104/197
2024
GDP per capita, PPP
$51,263
2024
$21,213
2024
GDP per capita PPP rank
43/197
2024
94/197
2024
Government debt
$507B
2024
$2.11B
2024
Debt-to-GDP ratio
55.3%
2024
4.11%
2024
Government debt per person
$13,874
2024
$282
2024
Government debt per person rank
41/185
2024
179/185
2024
Average annual personal income after taxes
$20,736
2026
$7,520
2026
Market capitalization of domestic companies
$197B
2024
n/a
Number of billionaires
10
2025
n/a
Income share by richest 10%
22.9%
2023
31.5%
1998
Income share by poorest 10%
3.3%
2023
2.4%
1998
Government expenditure, % of GDP
49.4%
2024
14.5%
2024
Consumer prices inflation
3.78%
2023-2024
4.6%
2023-2024
Central bank interest rate
4%
2025
n/a
Unemployment rate
2.81%
2024
4%
2010
Population
35806942
7776557

Spending and national debt comparison by year

Poland
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Poland Turkmenistan
Government spending Government debt Government spending Government debt
2024 49.4% 55.3% 14.5% 4.11%
2023 46.9% 49.5% 13.7% 5.46%
2022 43.2% 48.8% 13% 7.14%
2021 43.6% 53% 13.4% 12.3%
2020 47.7% 56.6% 13.5% 15.4%
2019 41.4% 45.2% 13.6% 17.7%
2018 41% 48.2% 13.7% 22.5%
2017 41.1% 50.4% 17.8% 24.7%
2016 41.1% 54.1% 14.1% 21.1%
2015 41.5% 51.1% 17.3% 19%
2014 42.7% 51.1% 17% 16%
2013 43.2% 56.9% 16.9% 20.4%
2012 43.2% 54.5% 14.7% 17.9%
2011 44.1% 54.8% 15.4% 14.8%
2010 46% 53.7% 14.6% 7.04%
2009 44.9% 49.7% 14.4% 3.09%
2008 44% 46.6% 11.7% 3.56%
2007 42.8% 44.4% 14.4% 3.06%
2006 44.3% 47.1% 16% 4.23%
2005 44.1% 46.5% 21.1% 6.82%
2004 43.3% 44.9% 20.3% 11.4%
2003 45.5% 46.4% 20.8% 16.9%
2002 45.1% 41.6% 19.4% 24.2%
2001 44.7% 37.2% 22.6% 34.1%
2000 43.1% 36.4% 25.9% 55.1%
1999 42.5% 39.4% 20.8% 66.7%
1998 44% 38.7% 26.1% 81.6%
1997 46.1% 42.7% 26.9% 64.2%
1996 50.7% 43.2% - -
1995 47.5% 48.7% - -
1994 - 64.3% - -
1993 - 83.9% - -
1992 - 81.9% - -
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Poland's government spending was $453B, accounting for 49.4% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 55.3% in Poland and 4.11% in Turkmenistan, ranking 95/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Poland

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Poland Turkmenistan
2024 -6.59% -0.08%
2023 -5.27% 0.11%
2022 -3.44% 3.38%
2021 -1.75% 0.57%
2020 -6.85% -0.16%
2019 -0.73% -0.4%
2018 -0.24% -0.22%
2017 -1.49% -2.84%
2016 -2.38% -2.38%
2015 -2.59% -0.7%
2014 -3.66% 0.89%
2013 -4.25% 1.53%
2012 -3.8% 7.53%
2011 -4.97% 3.84%
2010 -7.43% 2.13%
2009 -7.24% 7.53%
2008 -3.6% 10.7%
2007 -1.88% 4.19%
2006 -3.53% 5.64%
2005 -3.93% 0.86%
2004 -4.99% 1.47%
2003 -6.02% 3.99%
2002 -4.8% 0.19%
2001 -4.73% 0.77%
2000 -4% -0.55%
1999 -2.3% 2.48%
1998 -4.25% 1.15%
1997 -4.61% -0.2%
1996 -4.84% -
1995 -4.39% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/poland/turkmenistan | 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 Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Poland recorded a fiscal deficit in 28 of those years, while Turkmenistan ran a deficit in 9 years. On average, Poland posted an annual deficit equal to 3.98% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Poland

Turkmenistan
1x
Year Consumer prices inflation
Poland Turkmenistan
2024 3.78% 4.6%
2023 11.5% -1.6%
2022 14.4% 11.2%
2021 5.06% 19.5%
2020 3.37% 6.1%
2019 2.23% 5.1%
2018 1.81% 13.3%
2017 2.08% 8%
2016 -0.66% 3.6%
2015 -0.87% 7.4%
2014 0.05% 6%
2013 0.99% 6.8%
2012 3.56% 5.3%
2011 4.24% 5.3%
2010 2.58% 4.4%
2009 3.8% -2.7%
2008 4.16% 14.5%
2007 2.46% 6.3%
2006 1.28% 8.2%
2005 2.18% 10.7%
2004 3.38% 5.9%
2003 0.68% 5.6%
2002 1.91% 8.8%
2001 5.41% 11.6%
2000 9.9% 8%
1999 7.15% 23.5%
1998 11.6% 16.8%
1997 14.9% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Poland has recorded an average annual inflation rate of 4.39%, compared with 10.9% in Turkmenistan. In 2024, inflation was 3.78% in Poland and 4.6% in Turkmenistan.

Top exports between countries

Poland
Export category Export value
Machinery & equipment $14.8M
Chemicals & pharma $5.38M
Textiles & consumer goods $3.64M
Processed food, beverages & tobacco $1.3M
Animal & marine products $1.08M
Wood & paper products $804K
Metals $235K
Raw agricultural goods $171K
Raw materials & minerals $159K
Miscellaneous $9K
Turkmenistan
Export category Export value
Raw materials & minerals $9.83M
Chemicals & pharma $1.33M
Textiles & consumer goods $793K

Balance of trade

Poland Turkmenistan
Current account balance
$2.8B
2024
n/a
Current account balance ranking
40/190
2024
n/a
Current account balance, % of GDP
+0.3%
2024
n/a
Goods imports
$367B
2024
n/a
Goods exports
$361B
2024
n/a
Service imports
$74.9B
2024
n/a
Service exports
$118B
2024
n/a
Imports of goods and services, % of GDP
48.2%
2024
11.2%
2024
Exports of goods and services, % of GDP
52.2%
2024
17.6%
2024

Economic freedom indices

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

Poland Turkmenistan
Economic freedom 68.5 47
Economic freedom ranking 46/197 177/197
Property rights 71.8 17.4
Government integrity 60.7 8.4
Judicial effectiveness 62.5 12.3
Tax burden 72.7 94.2
Government spending 35.1 94.3
Fiscal health 74.8 99.9
Business freedom 77.5 37.5
Labor freedom 53.7 29.3
Monetary freedom 73.8 76.7
Trade freedom 79.4 74.2
Investment freedom 80 10
Financial freedom 80 10

Economic freedom comparison by year

Poland
Turkmenistan
1x
Year Economic freedom index
Poland Turkmenistan
2026 68.5 47
2025 67.1 47.1
2024 66 46.3
2023 67.7 46.5
2022 68.7 46.2
2021 69.7 47.4
2020 69.1 46.5
2019 67.8 48.4
2018 68.5 47.1
2017 68.3 47.4
2016 69.3 41.9
2015 68.6 41.4
2014 67 42.2
2013 66 42.6
2012 64.2 43.8
2011 64.1 43.6
2010 63.2 42.5
2009 60.3 44.2
2008 60.3 43.4
2007 58.1 43
2006 59.3 43.8
2005 59.6 47.6
2004 58.7 50.7
2003 61.8 51.3
2002 65 43.2
2001 61.8 41.8
2000 60 37.6
1999 59.6 36.1
1998 59.2 35
1997 56.8 -
1996 57.8 -
1995 50.7 -

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

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

The Economic Freedom Index for Poland is 68.5, ranking 46/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Poland Turkmenistan
Services, % of GDP
59.1%
2024
50.4%
2024
Industry, % of GDP
27.2%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
12.2%
2024
GNI, Atlas method
$789B
2024
$48.8B
2024
GNI per capita, PPP
$49,540
2024
$21,020
2024
Total reserves including gold
$223B
2024
$1.51B
1999
Total reserves ranking
17/177
2024
135/177
1999
Net foreign direct investment
-$10.6B
2024
n/a
Net inflows of foreign direct investment
$20.6B
2024
$1.64B
2024
Net outflows of foreign direct investment
$10B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.91%
2024
Poverty at national poverty lines
13.3%
2024
0.2%
2020
Gross capital formation, % of GDP
17.8%
2024
47.2%
2012

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/turkmenistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, 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 (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.