Poland ranked 27th in The Wealth of Nations Index
16.05.2024
The Warsaw Enterprise Institute has published a report entitled “The Wealth of Nations Index. Edition 2024” (WNI). For the third time, all OECD and European Union countries were included in the survey. In total 38 economies were analysed.
![Gold Bar](https://www.trade.gov.pl/wp-content/uploads/2024/05/11385311_l_normal_none-1-scaled-e1715814100402.jpg)
This year’s edition of the report and the indicators discussed in it refer to the situation from the beginning of 2023. So this is a period when one crisis related to the Coronavirus Pandemic replaced another one related to the war in Ukraine, which had an impact on the countries socio-economic problems.
Ranking results
The first place in the WNI ranking went to Ireland (190.7 points), followed by Switzerland (134.0 points). Norway (116.4 points) moved up to 3rd place, pushing the United States off the podium (109.6 points).
If, following the authors of the report, we ignore Ireland (specific structure of the economy and methodology of calculating GDP), the best result in the European Union goes to Denmark, which scored 103.8 points. Germany recorded a decline for the second year in a row, currently by 0.4 points. Our western neighbour is still stuck in the crisis that began in 2020.
Polish position in the WNI ranking
Poland, with 68.6 points, was ranked 27th in the WNI ranking (18th among European Union countries), thus maintaining its position from last year. The gap between the Polish economy and that of Portugal and Estonia has decreased. These countries scored 71.1 and 72.9 points, respectively.
However, Poland has advanced in several subcategories of the public spending quality index. The biggest change, by as many as 9 places from 25th to 16th position, took place in the defence category. It also gained in the health category, moving up from 33rd to 30th place, and in the education category, moving up 5 positions to 13th place.
A decrease was recorded in infrastructure expenditure – 33rd place compared to 29th a year earlier. When it comes to the quality of spending public money, Poland is among the countries that have achieved average efficiency.
About the index
The Wealth of Nations Index measures the economic benefits per year per citizen in the European Union and OECD countries. WNI is the sum of the public expenditure component and the private expenditure component.
WNI assesses the benefits of public expenditure through the public expenditure quality index in eight areas – sub-categories. These are as follows:
- National Defence
- Internal security
- Infrastructure and public transport
- State of the environment
- Health
- Primary and secondary education
- Higher education
- Freedom of expression, association and information
The next year’s edition of WNI will show how the surveyed countries function after two years of war in Ukraine. The research will also show whether countries have overcome a number of challenges initiated by the COVID-19 epidemic.
Source: Wealth of Nations Index report. Edition 2024, Warsaw Enterprise Institute, Warsaw 2024
Spis treściTable of contents
- Everything
- News (188)
- Events (116)
- Get Support (80)
-
Article
ISS Europe in Poland – The Future of the Semiconductor Industry
For the next two years, the ISS Europe will be organized in the Tri-City
Vector Synergy
IT and TelecommunicationShow allWe are a global leader in cyber defence consulting and technology services, trusted by organizations such as NATO, the EU, and a wide range of industries, from BFSI to utilities and manufacturing. All of our highly skilled experts possess a personal security clearance, allowing them to work on secret and top-secret classified projects.
“POLSKA KORPORACJA RECYKLINGU” SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Transport and courier servicesRenovation and construction materialsBiotechnology and pharmaceuticsYachtsMinerals, metals and fuelsAluminium and articles thereofCopper and articles thereofMinerals, ores and articles thereofIron, steel and articles thereofPrecious metalsOther metals and articles thereofMachinery and parts thereofIndustrial machinery and mechanical appliances and parts thereofMeasuring instruments and apparatus and parts thereofAgricultural machinery and parts thereofOther instruments and apparatusElectromechanical appliances and parts thereofChemicalsVehiclesAutomotive industryCombustion engines, motors and parts thereofLocomotives, rolling stock, special vehicles and parts thereofElectric engines and batteriesAerospace industryTiresVehicle parts (excluding engines)Show allPolish Recycling Corporation is a leading WEEE processing plant in Poland. It specializes in innovative recycling and recovery technologies (polymers, metals, mineral re-sources). It has EMAS and quality, and environmental management systems. It participates in building a circular economy by introducing innovative products. Its achievements include Re-Absorbent Oil sorbent and automation of plastics regranulation. Strives for zero-waste and zero-emission, contributing to environmental protecti
International Visa Service Sp. z o.o.
Our service provides assistance with getting electronic visas to more than 50 worldwide destinations. An e-Visa is a great option if you’re looking for a hassle-free way to enter the country of your choice. By choosing an electronic visa, you won’t have to worry about going through the traditional visa application process anymore. Whether you’re looking to travel for leisure, business, or tranist, our electronic visa service can help make your trip successful.
-
Event
The II Polish-German Economic Forum
The Forum’s purpose is to establish and deepen cooperation between the representatives of German and…
EventPAIH Business Forum 2024
PAIH Business Forum is an event organized for the SME sector and its partners – representatives of r…
-
Institution
National Support Centre for Agriculture
The National Centre for Agricultural Support conducts promotional and informational activities aimed…
InstitutionPolish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC)
The Polish-Romanian Bilateral Chamber of Commerce and Industry is an independent organization that a…
The Export Promotion Portal uses cookies to make it easier for users to use the website and for statistical purposes. If you do not block these files, you agree to their use and saving in the memory of your computer or other device. Remember that you can change your browser settings to block the storage of cookies. More information can be found in Privacy Policy and Terms and conditions.