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Economy of Poland vs Uruguay compared: GDP & Debt

Updated on by Georank team

Poland has a GDP of $915B compared to $81B for Uruguay, ranking 21/197 and 80/197 by economy size, respectively.

Poland has $506B in government debt (60.7% of GDP), compared to $55.6B (68.5% of GDP) in Uruguay.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Poland
GDP, current $

GDP, constant 2015 $
Uruguay
GDP, current $

GDP, constant 2015 $
Year GDP
Poland Uruguay
Current $ Constant $ Current $ Constant $
1960 - - $1,242,289,239 $16,784,217,051
1961 - - $1,547,388,781 $17,202,653,947
1962 - - $1,710,004,407 $16,931,789,757
1963 - - $1,539,681,491 $16,960,651,492
1964 - - $1,975,701,816 $17,374,579,716
1965 - - $1,890,767,156 $17,556,249,026
1966 - - $1,809,185,094 $18,093,971,641
1967 - - $1,597,713,469 $17,432,305,114
1968 - - $1,593,674,185 $17,761,585,972
1969 - - $2,004,435,484 $18,803,256,922
1970 - - $2,137,096,774 $19,241,977,028
1971 - - $2,807,258,065 $19,193,542,753
1972 - - $2,189,418,689 $18,940,270,548
1973 - - $3,964,296,443 $18,992,394,100
1974 - - $4,090,209,682 $19,542,289,357
1975 - - $3,538,278,047 $20,733,765,994
1976 - - $3,667,161,241 $21,549,737,170
1977 - - $4,114,670,014 $21,863,385,229
1978 - - $4,910,254,566 $23,038,320,348
1979 - - $7,181,182,224 $24,466,492,719
1980 - - $10,163,020,116 $25,896,167,975
1981 - - $11,048,301,421 $26,300,034,208
1982 - - $9,178,780,077 $23,733,710,676
1983 - - $5,102,276,308 $21,295,214,497
1984 - - $4,850,238,550 $21,051,891,661
1985 - - $4,732,017,873 $21,360,625,237
1986 - - $5,880,112,788 $23,242,455,371
1987 - - $7,367,494,080 $25,100,256,718
1988 - - $8,213,538,369 $25,471,975,823
1989 - - $8,438,951,476 $25,753,161,225
1990 $65,977,748,211 $194,797,367,585 $9,298,807,850 $25,829,737,832
1991 $85,500,935,935 $181,131,204,775 $11,206,176,651 $26,743,802,791
1992 $94,337,050,693 $185,686,615,838 $12,878,148,791 $28,865,011,155
1993 $96,043,157,273 $192,628,157,713 $15,002,136,971 $29,632,112,135
1994 $110,803,635,288 $202,823,584,826 $17,474,588,896 $31,789,727,752
1995 $142,838,527,115 $218,906,804,616 $19,297,663,097 $31,329,539,981
1996 $160,813,026,223 $232,246,717,071 $20,515,458,114 $33,077,088,489
1997 $159,893,964,917 $247,015,068,311 $23,969,739,234 $35,904,413,225
1998 $175,282,269,667 $258,431,144,714 $25,385,886,978 $37,526,894,199
1999 $170,704,452,715 $270,575,301,764 $23,983,945,191 $36,956,130,432
2000 $172,953,527,033 $283,174,187,558 $22,823,270,892 $36,242,902,750
2001 $191,823,200,371 $286,667,833,930 $20,898,761,742 $34,849,678,467
2002 $199,694,463,256 $292,117,946,677 $13,606,515,723 $32,155,098,813
2003 $218,561,225,998 $302,410,346,200 $12,045,638,352 $32,414,038,652
2004 $256,268,656,145 $317,805,438,387 $13,686,329,890 $34,036,089,124
2005 $306,999,913,151 $328,168,510,413 $17,362,857,684 $36,575,226,345
2006 $345,897,630,736 $348,521,872,927 $19,741,420,740 $38,074,290,289
2007 $429,715,132,138 $372,083,512,402 $23,797,773,024 $40,564,924,117
2008 $535,612,030,672 $388,394,800,371 $31,119,602,539 $43,475,921,755
2009 $440,891,472,247 $398,551,823,849 $32,708,319,078 $45,320,819,971
2010 $478,111,630,684 $411,181,642,128 $41,950,361,212 $48,857,389,210
2011 $527,848,543,023 $432,791,139,408 $50,342,406,067 $51,379,472,634
2012 $498,148,649,703 $439,333,996,551 $54,232,266,359 $53,197,370,201
2013 $518,179,836,405 $442,340,098,156 $61,337,621,934 $55,664,418,794
2014 $542,134,167,179 $459,682,079,851 $61,496,186,974 $57,467,273,108
2015 $480,054,118,583 $480,054,118,583 $57,680,327,999 $57,680,327,999
2016 $473,259,623,976 $494,605,411,858 $57,480,787,465 $58,655,009,160
2017 $528,356,723,263 $520,089,746,651 $65,005,997,963 $59,675,827,117
2018 $594,616,632,477 $552,573,816,156 $65,344,577,416 $59,774,159,518
2019 $602,683,770,145 $577,884,228,678 $62,222,313,619 $60,329,073,610
2020 $605,914,186,118 $566,120,997,480 $53,559,359,262 $55,890,466,349
2021 $689,170,171,187 $605,337,233,055 $60,739,084,241 $59,156,857,854
2022 $695,607,522,885 $637,150,470,885 $70,594,110,920 $61,810,768,801
2023 $812,451,128,979 $638,740,867,489 $77,991,666,838 $62,269,484,309
2024 $914,696,430,325 $657,413,741,876 $80,961,511,074 $64,204,978,532

Economic indicators

Poland Uruguay
Gross domestic product
$915B
2024
$81B
2024
GDP rank
21/197
2024
80/197
2024
GDP growth
12.6%
2023-2024
3.81%
2023-2024
GDP per capita
$25,023
2024
$23,907
2024
GDP per capita rank
48/197
2024
51/197
2024
GDP per capita, PPP
$50,378
2024
$36,418
2024
Government debt
$506B
2024
$55.6B
2024
Debt-to-GDP ratio
60.7%
2025
68.5%
2025
Government debt per person
$13,833
2024
$16,423
2024
Government debt per person rank
41/185
2024
37/185
2024
Average annual personal income after taxes
$19,229
2025
$12,053
2025
Market capitalization of domestic companies
$197B
2024
$284M
1996
Number of billionaires
10
2025
n/a
Income share by richest 10%
22.9%
2023
30%
2024
Income share by poorest 10%
3.3%
2023
2.2%
2024
Government expenditure, % of GDP
50.1%
2025
31.2%
2025
Consumer prices inflation
3.78%
2023-2024
4.85%
2023-2024
Central bank interest rate
4.75%
2025
8.75%
2025
Unemployment rate
2.81%
2024
8.21%
2024
Population
36176920
3384690

GDP per capita in Poland vs Uruguay

Poland's GDP per capita is $25,023, ranking 48/197, compared to $23,907 in Uruguay, ranking 51/197. Adjusted for purchasing power (GDP per capita PPP), Poland ranks 44th at $50,378, while Uruguay ranks 61st at $36,418.

Poland
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
Year Current $
Poland Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $491 -
1961 - - $604 -
1962 - - $659 -
1963 - - $587 -
1964 - - $745 -
1965 - - $705 -
1966 - - $668 -
1967 - - $585 -
1968 - - $579 -
1969 - - $723 -
1970 - - $766 -
1971 - - $1,000 -
1972 - - $776 -
1973 - - $1,397 -
1974 - - $1,433 -
1975 - - $1,232 -
1976 - - $1,268 -
1977 - - $1,414 -
1978 - - $1,678 -
1979 - - $2,443 -
1980 - - $3,443 -
1981 - - $3,728 -
1982 - - $3,085 -
1983 - - $1,707 -
1984 - - $1,615 -
1985 - - $1,568 -
1986 - - $1,939 -
1987 - - $2,416 -
1988 - - $2,677 -
1989 - - $2,734 -
1990 $1,731 $6,181 $2,995 $6,683
1991 $2,236 $5,921 $3,589 $7,112
1992 $2,459 $6,189 $4,102 $7,808
1993 $2,497 $6,556 $4,753 $8,162
1994 $2,875 $7,035 $5,508 $8,897
1995 $3,701 $7,709 $6,050 $8,906
1996 $4,164 $8,307 $6,398 $9,524
1997 $4,137 $8,965 $7,436 $10,461
1998 $4,534 $9,520 $7,837 $11,002
1999 $4,416 $10,081 $7,371 $10,938
2000 $4,521 $10,719 $6,988 $10,929
2001 $5,015 $11,176 $6,383 $10,719
2002 $5,223 $11,841 $4,150 $10,030
2003 $5,721 $12,330 $3,671 $10,303
2004 $6,712 $13,415 $4,169 $11,103
2005 $8,044 $13,936 $5,284 $12,296
2006 $9,069 $15,208 $6,001 $13,179
2007 $11,273 $16,834 $7,222 $14,397
2008 $14,049 $18,372 $9,424 $15,694
2009 $11,556 $19,290 $9,881 $16,422
2010 $12,568 $20,993 $12,641 $17,873
2011 $13,868 $22,809 $15,132 $19,135
2012 $13,087 $23,728 $16,260 $19,495
2013 $13,622 $24,434 $18,335 $20,661
2014 $14,262 $25,460 $18,322 $21,868
2015 $12,638 $26,995 $17,126 $22,169
2016 $12,464 $28,360 $17,010 $22,841
2017 $13,913 $30,170 $19,185 $23,607
2018 $15,658 $32,345 $19,250 $24,386
2019 $15,875 $35,882 $18,316 $25,783
2020 $16,151 $37,089 $15,758 $25,725
2021 $18,636 $41,060 $17,882 $29,432
2022 $18,891 $46,077 $20,819 $33,001
2023 $22,145 $46,758 $23,019 $34,471
2024 $25,023 $50,378 $23,907 $36,418

Spending and national debt comparison

In 2024, Poland's government spending was $454B, accounting for 50.1% of its GDP, while Uruguay's spent $25.2B, or 31.2% of GDP.

Debt-to-GDP ratio is 60.7% in Poland and 68.5% in Uruguay, ranking 75/185 and 59/185, respectively.

Poland
Government spending

Government debt
Uruguay
Government spending

Government debt
Year % of GDP
Poland Uruguay
Government spending Government debt Government spending Government debt
1960 39.2% - 9.9% -
1961 42.8% - 13% -
1962 43% - 16% -
1963 33.3% - 14.6% -
1964 33.5% - 14.3% -
1965 31.8% - 15.6% -
1966 31.7% - 14.1% -
1967 29.6% - 14.7% -
1968 27.3% - 14.1% -
1969 26.3% - 14.6% -
1970 25.8% - 15.1% 6.11%
1971 24.1% - 20.1% 9.3%
1972 24.1% - 24.6% 9.12%
1973 24.5% - 22.6% 7%
1974 28.6% - 23.8% 7.61%
1975 34.1% - 23% 8.13%
1976 34.8% - 24.2% 8.67%
1977 35.6% - 23.5% 7.26%
1978 35.8% - 22.9% 5.64%
1979 35.6% - 20.2% 3.98%
1980 - - 21.8% 4.59%
1981 - - 25% 4.32%
1982 - - 29.5% 13.5%
1983 - - 26.5% 21.2%
1984 - - 25.6% 39.5%
1985 - - 24.6% 29%
1986 - - 25.1% 34.6%
1987 - - 24.4% 37.3%
1988 - - 26% 34.8%
1989 - - 37% -
1990 - 90% 21.1% 26.2%
1991 - 77.2% 22.2% 20.4%
1992 - 82.2% 23.6% 22.2%
1993 - 84.2% 27.7% 20%
1994 - 64.5% 29.5% 19.3%
1995 47.5% 48.7% 26.2% 18.5%
1996 50.7% 43.2% 26.5% 18.3%
1997 46.1% 42.7% 27.6% 18.8%
1998 44% 38.7% 27.3% 19.4%
1999 42.5% 39.4% 27.2% 24.1%
2000 43.1% 36.4% 26.6% 30.5%
2001 44.7% 37.2% 27.8% 39.4%
2002 45.1% 41.6% 27.6% 90.1%
2003 45.5% 46.4% 27.7% 91.9%
2004 43.3% 44.9% 26.6% 73.7%
2005 44.1% 46.5% 26.3% 66.2%
2006 44.3% 47.1% 26.8% 61.1%
2007 42.8% 44.4% 26.8% 52.8%
2008 44% 46.6% 26.3% 46.2%
2009 44.9% 49.7% 27.2% 46.2%
2010 46% 53.7% 27.4% 40.9%
2011 44.1% 54.8% 26.3% 41.3%
2012 43.2% 54.5% 27.7% 49.8%
2013 43.2% 56.9% 28.8% 50%
2014 42.7% 51.1% 29.1% 51.1%
2015 41.5% 51.1% 28.4% 57.8%
2016 41.1% 54.1% 29.7% 56.4%
2017 41.1% 50.4% 29.7% 55.8%
2018 41% 48.2% 30.4% 57.9%
2019 41.4% 45.2% 30.6% 59.6%
2020 47.7% 56.6% 32.8% 68.2%
2021 43.6% 53% 30.2% 64.1%
2022 43.3% 48.8% 30% 59.9%
2023 47% 49.7% 30.5% 64%
2024 49.7% 55.3% 31.1% 68.7%
2025 50.1% 60.7% 31.2% 68.5%

Government deficit by year

In 2024, Poland's government deficit, the difference between spending and revenue, was -$60.2B, equivalent to -6.58% of GDP. This compares to Uruguay's deficit of -$2.59B, or -3.2% of GDP.

Over the past 30 years, Poland recorded a fiscal deficit in 30 of those years, while Uruguay ran a deficit in 30 years. On average, Poland posted an annual deficit equal to -4.02% of GDP, compared to deficit of -1.92% of GDP for Uruguay.

Deficit/surplus
Poland

Uruguay
Year Deficit/surplus, % of GDP
Poland Uruguay
1955 - -1.24%
1956 - 0.04%
1957 - -0.72%
1958 - -1.38%
1959 - 0.64%
1960 - 0.79%
1961 - -0.86%
1962 - -5.02%
1963 - -4.4%
1964 - -3.61%
1965 - -5.14%
1966 - -2.01%
1967 - -4.12%
1968 - -2.93%
1969 - -2.37%
1970 - -1.33%
1971 - -5.86%
1972 - -2.25%
1973 - -1.09%
1974 - -3.74%
1975 - -4.38%
1976 - -2.01%
1977 - -0.69%
1978 - -0.47%
1979 - 0.99%
1980 - 0.43%
1981 - -1.15%
1982 - -8.22%
1983 - -3.54%
1984 - -4.94%
1985 - -1.88%
1986 - -0.34%
1987 - -0.66%
1988 - -1.47%
1989 - -13.1%
1990 - 0.49%
1991 - 0.88%
1992 - 0.6%
1993 - -0.47%
1994 - -2.37%
1995 -4.39% -1.08%
1996 -4.84% -1.32%
1997 -4.61% -0.97%
1998 -4.25% -0.76%
1999 -2.3% -2.76%
2000 -4% -2.76%
2001 -4.73% -2.85%
2002 -4.8% -3.19%
2003 -6.02% -2.19%
2004 -4.99% -0.87%
2005 -3.93% -0.28%
2006 -3.53% -0.64%
2007 -1.88% -0.16%
2008 -3.6% -1.31%
2009 -7.24% -1.39%
2010 -7.43% -0.39%
2011 -4.97% -0.33%
2012 -3.8% -2.17%
2013 -4.25% -1.72%
2014 -3.66% -2.6%
2015 -2.59% -1.86%
2016 -2.38% -2.68%
2017 -1.49% -2.51%
2018 -0.24% -1.91%
2019 -0.73% -2.74%
2020 -6.85% -4.66%
2021 -1.75% -2.62%
2022 -3.43% -2.52%
2023 -5.29% -3.13%
2024 -6.58% -3.2%
2025 -6.16% -2.94%

Inflation comparison by year

Over the past 29 years, Poland has recorded an average annual inflation rate of 4.92%, compared with 9.24% in Uruguay. In 2024, inflation was 3.78% in Poland and 4.85% in Uruguay.

Inflation
Poland

Uruguay
Year Inflation
Poland Uruguay Poland Uruguay
1996 19.8% 28.3%
1997 14.9% 19.8%
1998 11.6% 10.8%
1999 7.15% 5.66%
2000 9.9% 4.76%
2001 5.41% 4.36%
2002 1.91% 14%
2003 0.68% 19.4%
2004 3.38% 9.16%
2005 2.18% 4.7%
2006 1.28% 6.4%
2007 2.46% 8.11%
2008 4.16% 7.88%
2009 3.8% 7.06%
2010 2.58% 6.7%
2011 4.24% 8.09%
2012 3.56% 8.1%
2013 0.99% 8.58%
2014 0.05% 8.88%
2015 -0.87% 8.67%
2016 -0.66% 9.64%
2017 2.08% 6.22%
2018 1.81% 7.61%
2019 2.23% 7.88%
2020 3.37% 9.76%
2021 5.06% 7.75%
2022 14.4% 9.1%
2023 11.5% 5.87%
2024 3.78% 4.85%

Top exports between countries

Poland
Export category Export value
Machinery & equipment $50.3M
Chemicals & pharma $7M
Processed food, beverages & tobacco $2.01M
IT & IP services $1.3M
Raw agricultural goods $1.12M
Manufacturing & construction services $777K
Textiles & consumer goods $676K
Animal & marine products $653K
Raw materials & minerals $484K
Metals $482K
Uruguay
Export category Export value
Wood & paper products $3.68M
Animal & marine products $3.54M
Chemicals & pharma $3.26M
Textiles & consumer goods $2.49M
Raw agricultural goods $1.79M
Processed food, beverages & tobacco $189K
Machinery & equipment $70K
Raw materials & minerals $55K
Precious metals & jewellery $25K

Balance of trade

Poland Uruguay
Current account balance
-$341M
2024
-$837M
2024
Current account balance ranking
98/189
2024
118/189
2024
Current account balance, % of GDP
-0.04%
2024
-1.03%
2024
Goods imports
$367B
2024
$12.9B
2024
Goods exports
$360B
2024
$16.4B
2024
Service imports
$75.2B
2024
$6.22B
2024
Service exports
$119B
2024
$6.87B
2024
Imports of goods and services, % of GDP
48.3%
2024
23.7%
2024
Exports of goods and services, % of GDP
52.3%
2024
28.8%
2024

Economic freedom indices

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

Poland Uruguay
Economic freedom 67.1 70.2
Economic freedom ranking 51/197 35/197
Property rights 72.3 86
Government integrity 58.4 77.5
Judicial effectiveness 52.3 81.8
Tax burden 73.8 77.3
Government spending 39.7 72.3
Fiscal health 75.9 79.6
Business freedom 77.8 84
Labor freedom 56.8 61.8
Monetary freedom 68.5 68.5
Trade freedom 79.6 73
Investment freedom 80 50
Financial freedom 70 30

Economic freedom by year comparison

The Economic Freedom Index for Poland is 67.1, ranking 51/197, compared to 70.2 for Uruguay, ranking 35/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Poland
Uruguay
Year Economic freedom index
Poland Uruguay
1995 50.7 62.5
1996 57.8 63.7
1997 56.8 67.5
1998 59.2 68.6
1999 59.6 68.5
2000 60 69.3
2001 61.8 70.7
2002 65 68.7
2003 61.8 69.8
2004 58.7 66.7
2005 59.6 66.9
2006 59.3 65.3
2007 58.1 68.4
2008 60.3 67.9
2009 60.3 69.1
2010 63.2 69.8
2011 64.1 70
2012 64.2 69.9
2013 66 69.7
2014 67 69.3
2015 68.6 68.6
2016 69.3 68.8
2017 68.3 69.7
2018 68.5 69.2
2019 67.8 68.6
2020 69.1 69.1
2021 69.7 69.3
2022 68.7 70
2023 67.7 70.2
2024 66 69.8
2025 67.1 70.2

More economic indicators

Poland Uruguay
Services, % of GDP
59.9%
2024
65.3%
2024
Industry, % of GDP
26.4%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.6%
2024
6.42%
2024
GNI, Atlas method
$788B
2024
$73.1B
2024
GNI per capita, PPP
$48,680
2024
$34,060
2024
Total reserves including gold
$223B
2024
$17.4B
2024
Total reserves ranking
17/177
2024
66/177
2024
Net foreign direct investment
-$13B
2024
$2.38B
2024
Net inflows of foreign direct investment
$21.4B
2024
-$2.46B
2024
Net outflows of foreign direct investment
$8.36B
2024
-$74.8M
2024
Poverty at national poverty lines
13.3%
2024
17.3%
2024
Gross capital formation, % of GDP
17.7%
2024
15.6%
2024

GDP per capita map

GDP per capita

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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.