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    Poland - Economy
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    How is the economy of Poland? Based on the information we have, Poland has a <p>high-income, diversified, EU-member economy; significant growth in GDP, trade, and investment since joining EU in 2004; private consumption and EU-funded public investments driving GDP growth; increased social spending, flooding recovery costs, and defense spending have added to public debt</p>. Key agricultural products in this country include: sugar beets, milk, wheat, maize, potatoes, triticale, apples, rapeseed, barley, rye (2023).
    More about the economy of Poland
    Labor force 18.245 million (2024 est.)
    Industrial production growth rate -0.6% (2023 est.)
    Industries machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles
    Population below poverty line 12.2% (2023 est.)
    Taxes and other revenues 18% (of GDP) (2023 est.)
    Fiscal year N/A
    Exchange rates
    Currencyzlotych (PLN) per US dollar -
    Exchange rates 20243.981 (2024 est.)
    Exchange rates 20234.204 (2023 est.)
    Exchange rates 20224.458 (2022 est.)
    Exchange rates 20213.862 (2021 est.)
    Exchange rates 20203.9 (2020 est.)
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2024$223.115 billion (2024 est.)
    Reserves of foreign exchange and gold 2023$193.783 billion (2023 est.)
    Reserves of foreign exchange and gold 2022$166.664 billion (2022 est.)
    Current account balance
    Current account balance 2024$1.789 billion (2024 est.)
    Current account balance 2023$14.535 billion (2023 est.)
    Current account balance 2022-$15.822 billion (2022 est.)
    Public debt
    Public debt 201750.6% of GDP (2017 est.)
    Budget
    Revenues$291.603 billion (2023 est.)
    Expenditures$328.497 billion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20240.9% of GDP (2024 est.)
    Remittances 20231.1% of GDP (2023 est.)
    Remittances 20221.1% of GDP (2022 est.)
    Household income
    Lowest 10%3.3% (2022 est.)
    Highest 10%23.1% (2022 est.)
    Average household expenditures
    On food18.6% of household expenditures (2023 est.)
    On alcohol and tobacco6.2% of household expenditures (2023 est.)
    Imports
    Imports 2024$441.945 billion (2024 est.)
    Imports 2023$423.797 billion (2023 est.)
    Imports 2022$421.765 billion (2022 est.)
    Imports (partners)Germany 22%, China 12%, Italy 5%, Netherlands 4%, USA 4% (2023)
    Comodities Imports forcecrude petroleum, cars, garments, vehicle parts/accessories, plastic products (2023)
    Exports
    Exports 2024$478.579 billion (2024 est.)
    Exports 2023$471.571 billion (2023 est.)
    Exports 2022$436.388 billion (2022 est.)
    Exports (partners)Germany 25%, UK 6%, Czechia 6%, France 6%, Italy 5% (2023)
    Comodities Exports forcevehicle parts/accessories, electric batteries, plastic products, cars, seats (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$1.649 trillion (2024 est.)
    Real GDP (purchasing power parity) 2023$1.602 trillion (2023 est.)
    Real GDP (purchasing power parity) 2022$1.598 trillion (2022 est.)
    GDP (official exchange rate)$914.696 billion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$45,100 (2024 est.)
    Real GDP per capita 2023$43,700 (2023 est.)
    Real GDP per capita 2022$43,400 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture2.6% (2024 est.)
    Industry26.4% (2024 est.)
    Services59.9% (2024 est.)
    GDP - composition, by end use
    Household consumption57.6% (2024 est.)
    Government consumption20.8% (2024 est.)
    Investment in fixed capital16.9% (2024 est.)
    Investment in inventories0.8% (2024 est.)
    Exports of goods and services52.3% (2024 est.)
    Imports of goods and services-48.3% (2024 est.)
    Unemployment rate
    Unemployment rate 20242.5% (2024 est.)
    Unemployment rate 20232.8% (2023 est.)
    Unemployment rate 20222.9% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total9.9% (2024 est.)
    Male10.1% (2024 est.)
    Female9.6% (2024 est.)
    All Important Facts about Poland

    Want to know more about Poland? Check all different factbooks for Poland below.

    Poland is found in Central Europe