The IMF says that Poland’s per capita income in PPP terms was about €49,650 last year. When you compute per capita income in PPP, you take a country’s GDP per capita and adjust it for differences in the cost of living. This makes it easier to compare living standards.
So, the main reason for the discrepancy is that the Polish economy is growing quicker. Poland’s GDP is predicted to rise by about 3.6%, and Spain’s GDP is expected to rise by about 2.8%. Polish Prime Minister Donald Tusk said that the numbers showed that Poland was joining the “European economic elite.” He also said that Poland had “surpassed Spain” in this critical measure.
The IMF also says that Poland’s per capita income in PPP terms is already about 87% of the UK’s. Ten years ago, this kind of outcome seemed impossible. If things keep going the way they are now, the Polish government thinks that Poland could catch up to the UK in the next five or six years.
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