Poland - Economy
How is the economy of Poland? Based on the information we have, Poland has a

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

. 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
Exchange rates
Currency zlotych (PLN) per US dollar -
Exchange rates 2024 3.981 (2024 est.)
Exchange rates 2023 4.204 (2023 est.)
Exchange rates 2022 4.458 (2022 est.)
Exchange rates 2021 3.862 (2021 est.)
Exchange rates 2020 3.9 (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 2017 50.6% of GDP (2017 est.)
Budget
Revenues $234.98 billion (2022 est.)
Expenditures $250.097 billion (2022 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 0.9% of GDP (2024 est.)
Remittances 2023 1.1% of GDP (2023 est.)
Remittances 2022 1.1% of GDP (2022 est.)
Household income
Lowest 10% 3.3% (2022 est.)
Highest 10% 23.1% (2022 est.)
Average household expenditures
On food 18.6% of household expenditures (2023 est.)
On alcohol and tobacco 6.2% 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 force crude petroleum, cars, garments, vehicle parts/accessories, plastic products (2023)
Exports
Imports 2024 $441.945 billion (2024 est.)
Imports 2023 $423.797 billion (2023 est.)
Imports 2022 $421.765 billion (2022 est.)
Exports (partners) Germany 25%, UK 6%, Czechia 6%, France 6%, Italy 5% (2023)
Comodities Exports force vehicle 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
Agriculture 2.6% (2024 est.)
Industry 26.4% (2024 est.)
Services 59.9% (2024 est.)
GDP - composition, by end use
Household consumption 57.6% (2024 est.)
Government consumption 20.8% (2024 est.)
Investment in fixed capital 16.9% (2024 est.)
Investment in inventories 0.8% (2024 est.)
Exports of goods and services 52.3% (2024 est.)
Imports of goods and services -48.3% (2024 est.)
Unemployment rate
Unemployment rate 2024 2.5% (2024 est.)
Unemployment rate 2023 2.8% (2023 est.)
Unemployment rate 2022 2.9% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 9.9% (2024 est.)
Male 10.1% (2024 est.)
Female 9.6% (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