Poland is among the global leaders in terms of economic development, with data from 1990 to 2020 showing that the only country in the world that grew faster than Poland was China.
Professor Michael Tanchum, an expert in international affairs, geopolitics and economic policy, who is affiliated with Harvard University, posted a graphic on X based on data from the International Monetary Fund (IMF).
“It was Poland’s economic growth from the end of the Cold War to the Covid-19 pandemic that shifted the balance of power in the EU,” posted the professor.
According to IMF data, the greatest economic growth from 1990-2020 was achieved by China, which saw its GDP increase by a staggering 3,583 percent over these three decades.
Poland takes second place in the ranking. According to the IMF data presented in the graphic, Poland’s growth over the studied period was 857 percent.
The next in the ranking are four Asian countries: India (703 percent), Indonesia (665 percent), Saudi Arabia (496 percent), and South Korea (465 percent).
Subsequent rankings are held by Australia (312 percent), Taiwan (300 percent), and Mexico (271 percent). The top 10 is rounded off by the United States, with a result of 251 percent.
Switzerland is the next European country on the list, ranking 13th with a GDP growth of 190 percent. Italy occupies the last position in the ranking of economies that developed the most between 1990 and 2020, with a result of 61 percent, just behind Japan (62 percent).
