Greece vs Poland development indicators, 2024

Indicator	Greece, Value	Poland, Value	Greece, Rank	Poland, Rank	Greece as % of Poland
Current account balance (% of GDP)	-6.38	0.196	95	52
Exports of goods and services (% of GDP)	42	52.3	54	37	80.2 %
Foreign direct investment, net inflows (% of GDP)	2.51	2.02	47	53	124 %
GDP per capita (current US$)	24,752	25,023	49	48	98.9 %
GDP per capita, PPP (current international US$)	44,074	50,378	50	42	87.5 %
Imports of goods and services (% of GDP)	47.3	48.3	59	58	98 %
Inflation, consumer prices (annual %)	2.74	3.79	93	56	72.3 %
Net migration	-122,772	-238,062	202	207	51.6 %
Population, total	10,388,805	36,554,707	93	42	28.4 %

Demography and Health

In terms of demographics, Greece has a crude birth rate of 6.8 per 1,000 people compared to Poland’s 7.4, placing Greece in 77th and Poland in 72nd rank globally. While Poland shows a marginally higher birth rate, Greece's death rate stands at 12.2 per 1,000 people, above Poland's 11.1, with Greece ranked 29th and Poland at 40th. Life expectancy at birth is notably higher in Greece (81.5 years) than in Poland (78.5 years), indicating a better overall health status in Greece. Furthermore, Greece has a lower under-5 mortality rate (3.7 per 1,000 live births) compared to Poland’s 4.4, showcasing Greece’s better health outcomes for children. The prevalence of undernourishment is equal in both countries at 2.5% of the population. Despite these health advantages, Greece faces net migration losses (-122,772) while Poland experiences a larger loss (-238,062), reflecting differing trends in population dynamics.

Economy

When examining their economies, Poland has a slight advantage over Greece in GDP per capita (current US$), standing at $25,023, compared to Greece’s $24,752, placing both countries in close ranks (75th for Poland and 76th for Greece). However, when adjusted for purchasing power parity (PPP), Greece falls behind with $44,074 compared to Poland's $50,378, indicating that the economic disparity widens when cost of living is considered. Regarding inflation rates, Greece exhibits a lower consumer price inflation at 2.7% compared to Poland's 3.8%, which could indicate more stable economic conditions in Greece. Additionally, Greece’s foreign direct investment net inflow is at 2.5% of GDP, better than Poland's 2%, though both economies are characterized by substantial import levels, with Greece at 47.3% and Poland at 48.3%.

Trade and Investment

Poland outperforms Greece in terms of trade, with exports of goods and services making up 52.3% of GDP compared to Greece’s 42%. This reflects Poland's more robust manufacturing and export sectors. Additionally, Greece has a current account deficit of -6.4% of GDP, while Poland maintains a surplus at 0.2% of GDP, indicating a healthier balance of trade. Poland has a significant advantage in patent applications, registering 3,377 compared to Greece’s 394 in 2021, showcasing a stronger position in research and innovation activities.

Governance and Institutions

In terms of governance, Poland demonstrates better scores in control of corruption (0.6 vs 0.1) and government effectiveness (0.4 vs 0.1), suggesting more efficient public services and lower levels of corruption. However, both countries struggle with issues affecting their political stability, with Greece ranked 79th and Poland at 57th in terms of political stability and absence of violence or terrorism. Unemployment rates illustrate a stark contrast, with Greece experiencing 11% unemployment compared to Poland’s low 2.7%, indicating a more robust labor market in Poland despite its economic challenges.

Infrastructure and Technology

In the realm of infrastructure, Greece’s logistics performance index is moderately higher at 3.7 compared to Poland’s 3.5, which suggests a better quality of transport-related infrastructure in Greece. Both nations have a significant percentage of their populations using the Internet (85% in Greece and 86.4% in Poland), which points to a tech-savvy demographic, although Poland slightly leads in this area.

Environment and Sustainability

In terms of environmental performance, Greece boasts a higher renewable energy consumption rate at 21.5% compared to Poland's 15.2%, reflecting a commitment to sustainable energy practices. Conversely, Poland has higher greenhouse gas emissions per capita (9.9 t CO2e) compared to Greece (6.7 t CO2e), which raises concerns regarding sustainability and climate impact in Poland. Furthermore, while Greece is managing its fresh water resources efficiently with a water stress level of 20.7%, Poland faces a challenging situation with a higher water stress level of 32.1%, indicating a need for improved water management strategies in Poland.