Austria Austria vs Poland Poland development indicators, 2024

Indicator
Austria
Austria, Value
Poland
Poland, Value
Austria
Austria, Rank
Poland
Poland, Rank
Austria Austria as % of
Poland Poland
Current account balance (% of GDP) 2.42 0.196 36 52 1,239 %
Exports of goods and services (% of GDP) 56.9 52.3 31 37 109 %
Foreign direct investment, net inflows (% of GDP) 1.78 2.02 62 53 88.4 %
GDP per capita (current US$) 56,833 25,023 15 48 227 %
GDP per capita, PPP (current international US$) 71,618 50,378 20 42 142 %
Imports of goods and services (% of GDP) 53.6 48.3 48 58 111 %
Inflation, consumer prices (annual %) 2.94 3.79 82 56 77.5 %
Net migration 8,813 -238,062 47 207
Population, total 9,178,482 36,554,707 98 42 25.1 %

Demography and Health

Austria and Poland show notable differences in demographic indicators and health outcomes. Austria's crude birth rate is 8.5 per 1,000 people, while Poland's stands at 7.4, ranking them 50th and 72nd, respectively. The crude death rate in Austria is 9.8, lower than Poland's 11.1, suggesting a relatively better health environment in Austria, which ranks 54th compared to Poland's 40th. Life expectancy at birth is significantly higher in Austria at 81.5 years compared to Poland's 78.5 years, further highlighting the better health standards in Austria. The under-5 mortality rate reflects similar trends, with Austria at 3.1 per 1,000 live births versus Poland at 4.4, ranking 56th and 16th respectively. Additionally, Austria's health expenditure as a percentage of GDP at 10.9% indicates a stronger commitment to healthcare than Poland's 7%.

Economy

When comparing economic indicators, Austria holds a significant advantage over Poland. The GDP per capita in Austria is approximately $56,833, which surpasses Poland's $25,023, placing Austria 19th globally compared to Poland's 75th position. Furthermore, in terms of GDP per capita adjusted for purchasing power parity (PPP), Austria again leads at $71,618 versus Poland's $50,378. The inflation rate in Austria is more manageable at 2.9%, while Poland faces a higher rate of 3.8%, ranking 73rd and 57th respectively. Nevertheless, Poland has a marginally higher foreign direct investment inflow as a percentage of GDP at 2% compared to Austria's 1.8%, which may indicate a more attractive environment for foreign investors in recent years.

Trade and Investment

Trade dynamics reflect Austria's robust international engagement. Exports of goods and services account for 56.9% of Austria's GDP, a slightly higher figure than Poland's 52.3%. Both countries have substantial imports as well, with Austria at 53.6% of GDP and Poland at 48.3%. This robust trade framework suggests a strong integration into global markets, but Austria's ranking in trade exports is marginally better (66th) than Poland's (73rd). High-technology exports reveal an interesting trend: Austria generated $27.3 billion compared to Poland's higher $29.6 billion, indicating Poland's edge in high-tech sectors despite its overall lower economic values. Furthermore, while Poland shows a slightly higher net migration rate (-238,062) indicating emigration issues, Austria has better net positive migration at 8,813, reflecting its economic and quality of life appeal.

Governance and Institutions

Austria demonstrates stronger governance and institutional effectiveness compared to Poland. The Control of Corruption index scores Austria at 1.1, in contrast to Poland's 0.6, suggesting a better corruption landscape. Additionally, Austria's Government Effectiveness rating is 1.3 compared with Poland's 0.4, highlighting superior governance quality. Austria also fares better in the Rule of Law index at 1.7 versus Poland’s 0.5, indicating a more reliable judicial environment. Political Stability and Absence of Violence/Terrorism scores indicate a slight edge for Austria at 0.7 compared to Poland's 0.6. Regulatory quality, further demonstrating governance efficiency, also showcases Austria’s superior performance with a score of 1.4, compared to Poland's 0.8.

Infrastructure and Technology

In terms of infrastructure and technology, Austria has a higher Logistics Performance Index, scoring 3.9 compared to Poland’s 3.5, which suggests better trade and transport-related infrastructure. Austria leads in research and development expenditure as a percentage of GDP at 3.2%, while Poland spends 1.5%. This investment in R&D can facilitate future economic growth and technological advancements. Austria’s patent applications also show a strong innovation capacity with 1,872 applications, compared to Poland's higher count of 3,377, suggesting Poland may have a more vigorous environment for innovation despite lower GDP figures.

Environment and Sustainability

On environmental sustainability, Austria outperforms Poland in several key indicators. Renewable energy consumption in Austria stands at an impressive 36%, vastly surpassing Poland’s 15.2%. The level of water stress is also significantly lower in Austria at 8.7%, showing efficient management of freshwater resources compared to Poland’s 32.1%. However, Austria's total greenhouse gas emissions per capita are lower at 8 tons CO2e compared to Poland's 9.9 tons, reflecting Austria's commitment to environmental sustainability. Despite Poland's increasing industrial activities contributing to higher emissions, both countries exhibit a prevalence of undernourishment at 2.5%, indicating effective food security policies.