Economist: disposable income is growing rapidly, but a Pole can still buy less than Germany
Prime Minister Donald Tusk announced the attachment of Poland to the “Billionaire State Club” and an increase in the disposable income of citizens. Prof. Jacek Tomkiewicz from the Leon Koźmiński Academy in an interview with PAP pointed out that although this income is growing rapidly, a Pole can still buy less than a German or Frenchman.
– Poland was sent to a very exclusive Billioner State Club on these days. (…) There are 20 such countries in the world. In 195 countries, 20 belongs to this group of bills. And this is not our last word – said Prime Minister Donald Tusk on Tuesday before the government meeting.
As he explained in an interview with PAP prof. Jacek Tomkiewicz, dean of the College of Finance and Economics at the Leon Koźmiński Academy, joining the “Club of Bilionarians States” means that Polish GDP exceeded the value of $ 1 trillion.
– It is worth appreciating, but, as it usually happens, it could use some “cold head”. The capitalization of Nvidia, currently the largest company in the world, is less than $ 4 tribute to dollars – he emphasized. The value of this one company is four times higher than the entire Polish economy – he added.
Prof. Tomkiewicz pointed out that although the billion is impressive, it should be remembered that it is “only 1 percent of the global economy”, i.e. Poland produces about 1 percent. global production, and in other words – the income of the Polish economy is one hundredth of the world economy income.
On the other hand, Poles constitute about 0.5 percent. world population.
– If 0.5 percent people produce 1 percent A global product, it can be said that the average Pole is twice richer than the average planet's inhabitant – said the economist.
– Progress in Poland is, both ruthless, i.e. reaching a trillion dollars, and relative, that is, that we live better than others, which, of course, results from the hard work of our entrepreneurs, managers, officials, teachers, nurses, doctors, etc. Objectively, the Polish economy is actually doing well – assessed prof. Tomkiewicz.
When asked how long we can stay in the “Billioner State Club”, the economist explained that crossing this border is rather permanent. He added that a possible decrease could be associated with, for example, recession or rapid weakening of the exchange rate.
On Tuesday, the prime minister also reminded the data published on Monday by the Central Statistical Office saying that Poland's gross domestic product in the second quarter of this year increased by 3.4 percent. – We have this growth, he is one of the highest in Europe and compared to the largest economies, not only European, it is Poland, I would say, unrivaled when it comes to a growth rate of 3.4 (percent of GDP – PAP) – said the head of government.
Prof. Tomkiewicz estimated that the rate of height 3.4 percent This “decent result” and compared to other economies, we develop quite quickly and thus, we reduce the development gap. Although, as he emphasized, the fact that we are “the best in the area” does not follow that Poland is doing so well – although, as the economist emphasized, it is not bad – but from the weaknesses of other economies, German, French or Italian, which develop very poorly.
Prime Minister Donald Tusk added on Tuesday that Poland came first in terms of growth of real disposable income per capita. The office of the Chancellery of the Prime Minister emphasized that the increase in citizens' income in Poland is ahead of Europe's largest economies, including Germany, and in some countries, such as Sweden, “these indicators are even negative.”
– This is statistics showing who is growing the most in the wallet per capita. In other words, in which country people come to people and what pace – that is, the real income of disposable disposable income, i.e. income at the disposal of every citizen. (…) This growth is absolutely record -breaking, we beat everyone's head and lasts from the end of 2023 – emphasized the prime minister during the conference.
According to data from the Organization for Economic Cooperation and Development (OECD), from the end of the third quarter of 2023 to the end of the first quarter of 2025, real disposable income per person in Poland increased by 9 percent. Portugal is in second place, with a result of less than 7 percent.
– These are the data that is difficult to discuss, because we do not discuss facts, just remember that this is a growth dynamics, not a level. Also that you got 15 percent. increases, and I 10 percent He doesn't tell us much until we look at what sums we leave – explained prof. Tomkiewicz. – Yes, growth dynamics is actually decent, but Polish disposable income per capita is about 83 percent. EU average. And despite the fact that in recent years this income is growing rapidly, a Pole can still buy less than Germany, a French or a Belgian – he noted.
The economist emphasized that we are chasing the so -called The West in two ways – a growing level of real income, but also with price level. Relatively high inflation in Poland means that the gap at the price level is slowly closing, which means that Poles can afford more on vacation in Spain, but it also results from the fact that prices in Poland are western chasing.
Agata Gutowska (PAP)
AGG/ BST/ AMAC/
