Poland Poland vs Sweden Sweden development indicators, 2024

Indicator
Poland
Poland, Value
Sweden
Sweden, Value
Poland
Poland, Rank
Sweden
Sweden, Rank
Poland Poland as % of
Sweden Sweden
Current account balance (% of GDP) 0.196 7.42 52 13 2.64 %
Exports of goods and services (% of GDP) 52.3 54.6 37 34 95.8 %
Foreign direct investment, net inflows (% of GDP) 2.02 4.37 53 22 46.1 %
GDP per capita (current US$) 25,023 57,723 48 14 43.3 %
GDP per capita, PPP (current international US$) 50,378 71,030 42 23 70.9 %
Imports of goods and services (% of GDP) 48.3 50.2 58 56 96.2 %
Inflation, consumer prices (annual %) 3.79 2.84 56 88 134 %
Net migration -238,062 50,115 207 24
Population, total 36,554,707 10,569,709 42 92 346 %

Demography and Health

In 2023, Poland had a birth rate of 7.4 per 1,000 people compared to Sweden's 9.5, placing Poland 72nd and Sweden 28th in global rankings. The crude death rate in Poland was higher at 11.1 per 1,000 people, ranking 40th, while Sweden's rate was 9 per 1,000, ranking 66th. Life expectancy at birth in Poland was 78.5 years, notably lower than Sweden's 83.3 years, positioning Poland 54th and Sweden 5th. Poland's under-5 mortality rate was 4.4 per 1,000 live births, considerably better than Sweden's 2.5 per 1,000, where Poland ranked 16th and Sweden 67th. The prevalence of undernourishment was similar in both countries at 2.5%. Despite Poland's lower overall life expectancy, it has a significantly better under-5 mortality rate, indicating a focus on maternal and child health.

Economy

In terms of GDP per capita, Poland's current value is $25,023, contrasting sharply with Sweden's $57,723, ranking Poland 75th and Sweden 18th globally. Adjusting for purchasing power parity (PPP), Poland's GDP per capita stands at $50,378 while Sweden's is significantly higher at $71,030, placing Poland 64th and Sweden 18th. Poland also demonstrated lower inflation rates at 3.8% for 2024 compared to Sweden's 2.8%, indicating potentially more stable prices in Poland. Unemployment rates showcase Poland's favorable position at 2.7%, significantly lower than Sweden's 7.6%, indicating a healthier job market in Poland.

Trade and Investment

Exports as a percentage of GDP reveal a competitive environment, with Poland at 52.3% and Sweden slightly higher at 54.6%, ranking both countries in the 70s. Poland's imports of goods and services as a percentage of GDP were 48.3%, whereas Sweden's were slightly higher at 50.2%. Foreign direct investment shows Poland receiving net inflows of 2% of GDP, while Sweden is at a more robust 4.4%, placing Poland in the 75th percentile and Sweden in the 32nd. Such figures indicate a stronger investment environment in Sweden, attracting more foreign direct investment.

Governance and Institutions

Poland ranks lower in quality of governance indicators. Its Control of Corruption score is 0.6 compared to Sweden's 2.0, positioning Poland 52nd against Sweden's impressive 9th place. Moreover, Poland's Government Effectiveness is also lacking at 0.4, whereas Sweden's score of 1.6 places it 13th. Additional indicators like political stability score for Poland is 0.6, whereas Sweden ranks higher with 0.8, indicating a more stable political environment. Regulatory Quality and Rule of Law are also stronger in Sweden, reflecting a more developed legal and regulatory framework.

Infrastructure and Technology

Evaluating infrastructure, Poland's logistics performance index stands at 3.5, indicating decent trade and transport infrastructure, but below Sweden's superior score of 4.2. Internet usage in Poland is fairly high with 86.4% of the population using the Internet, compared to Sweden's impressive 95.7%, both nations are making strides in digital accessibility, but Sweden lags less in this regard. In terms of research and development expenditure as a percentage of GDP, Poland spends 1.5%, which is significantly below Sweden’s commendable 3.4%, showcasing Sweden's commitment to innovation and technological advancement.

Environment and Sustainability

In the arena of sustainability, renewable energy consumption as a percentage of total final energy consumption shows Poland's reliance on traditional forms of energy at 15.2%, while Sweden leads with 57.9% consumption from renewable sources. This is indicative of Sweden’s strong commitment to sustainability. Both countries exhibit similar levels of water stress, but Poland's total greenhouse gas emissions per capita at 9.9 t CO2e is considerably higher than Sweden's 4.7 t CO2e, signaling a greater environmental impact from Poland. Lastly, health expenditure percentage of GDP in Poland is lower at 7.0% compared to Sweden’s investment of 10.9%, implying a stronger emphasis on health in Sweden.