Poland: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Poland |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -5.10 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1995 - 2023 |
| Average | -3.91 |
| Min - Max | -7.50 - -0.20 |
| Source | Statistics Poland |
The latest value from 2023 is -5.1 percent, a decline from -3.4 percent in 2022. In comparison, the world average is -3.18 percent, based on data from 123 countries. Historically, the average for Poland from 1995 to 2023 is -3.91 percent. The minimum value, -7.5 percent, was reached in 2010 while the maximum of -0.2 percent was recorded in 2018.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 18.28 | 2022 | percent |
| Government spending, in dollars | 151.08 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -5.10 | 2023 | percent |
| Government debt | 49.60 | 2023 | percent |
| Government expenditure | 175.72 | Q2/2024 | billion |
| Long-term interest rate | 5.28 | 8/2024 | percent |
| Tax revenue | 19.15 | 2021 | percent |
| Commercial tax rate | 40.80 | 2019 | percent |
| Tax preparation time | 334 | 2019 | hours |
| Number of taxes | 7 | 2019 | taxes |
| Taxes on goods and services | 37.37 | 2021 | percent |
| Taxes on international trade | 0.50 | 2004 | percent |
| Income and profits taxes | 14.08 | 2021 | percent |
| Foreign aid | 1,520.16 | 2004 | million U.S. dollars |