(Zdeb et al., 2020). The plan will incorporate reforms and public investments in the areas including public finances, healthcare reform, labor market, innovations, qualifications, and development of renewable energy sources. Unless a Global License is purchased, a Academia License must be purchased for every person that wishes to use the publication within the same organization. Since 1990, the countrys economy has been growing exponentially. According to Gordon (23), Poland is one of the best countries to consider for international business. Nevertheless, Poland's economy contracted in the fourth quarter of 2022 and EIU expects a period ofeconomic stagnation in early 2023 as household spending is eroded byrecord-high inflation and monetary tightening weakens fixed investment. | Published by: MarketLine Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. A PESTLE Request sent: your sample pages will be with you shortly. In 2020 Poland was ranked 55 out of 179 countries in the Index. It is officially known as the Republic of Poland. (2020, June 2). PEST Analysis, Country Forecast and Other Details. This PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. Read More. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). Poland will hold a parliamentary election in November, which will be a tightly fought contest between the incumbent Law and Justice (PiS) party and the opposition Civic Platform (PO). Czerny, Miroslawa. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. For more insights on this report, download a free report sample, Exhibit 1: Polands performance in terms of its country risk analysis in comparison to East Europe and the World average, Exhibit 2: Performance overview (Score: 1-100), Exhibit 3: Broad categories and weights behind the index, Exhibit 4: Poland stock exchange index WIG index (October 2021 October 2022), Exhibit 5: Key sectors contribution to the economy (2017-24f), Exhibit 6: FDI inflows and outflows (2017-21) and inward FDI stocks by industry (2017-21), Exhibit 7: Cross-border merger and acquisition (M&A) and greenfield investment (2017-21), Exhibit 9: Real GDP and household consumption growth rate (2017-24f), Exhibit 10: Real GDP growth rate comparison (2021), Exhibit 11: Exports, imports and trade balance (2017-2024f), Exhibit 12: Current account balance (2017-24f), Exhibit 13: Top three commodity exports, % of total exports (2018-21), Exhibit 14: Machinery, mechanical appliances, nuclear reactors, boilers, % of worlds total (2021), Exhibit 15: Interest rates (September 2017 September 2022), Exhibit 16: Exchange rate and inflation (2017-24f), Exhibit 18: General government debt (2017-24f), Exhibit 20: Average annual wages (2017-24f), Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025), Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025), Exhibit 24: Gender split (1995, 2005, 2015, 2025), Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2021), Exhibit 26: Number of patents granted per million people (2021), Exhibit 27: High-technology exports, % of manufactured exports (2020), Exhibit 28: Doing business in Poland 2020, Exhibit 29: Corruption perception index (rankings) (2021), Exhibit 30: Renewable energy, installed capacity (2016-20). You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. As a result, the citizens began to promote various business activities, thus stimulating economic development. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Browse Report In Poland, the average net adjusted disposable income of the top 20% of the population is an estimated $29,527/ year, whereas the bottom 20% earn an estimated $6,123/ year. Tap here to review the details. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. It falls under the category of 'environmental analysis', which is to say that it revolves around identifying the various external variables that affect a business's performance.Specifically, these are the Political, Economic, Social (sometimes socio-cultural), Technological, Legal, and Environmental ones . No problem. Print. | USD $350, May, 2021 In August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. Poland's real gross domestic product (GDP) was PLN 1,983.37 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 4.579% to be around PLN 1,892.55 billion in 2020. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Cases of abuse of authority are also common in the country (Ryan 274). | USD $350, February, 2022 Print. Your data will never be shared with third parties, however we may send you information from time to time about related third party products that may be of interest to you. Print. In the UK, this figure stood at a staggering 9.9%. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. The section also discusses the country's performance according to World Bank Governance Indicators. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. The Poland Economy' PEST Analysis. However, ironically anti-migrant sentiment is high in some parts of the Polish society. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Technological environment and its impact on Poland. In this case it does not matter whether the acts or omissions which form part of the offence take place in the UK or elsewhere. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. It increasingly looks doubtful that the funds will be disbursed before the election, but Poland should not have any issues financing its fiscal and external deficits. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. | Published by: MarketLine The invention of graphene is also a success story for Poland. Poland is now among the fastest-growing economies in the European Union (EU). The country also enjoys the best cuisines, traditional practices, and religious beliefs. Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Kindly use your official email address and contact number to ensure speedy response. You can read the details below. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Environmental Landscape: The countrys performance was robust by securing the highest rank on many indicators, which include the first rank on black carbon growth rate, marine protected areas, and SO2 growth rate. The client services team will arrange delivery of your sample pages. London: Author-House, 2006. In the 2019 parliamentary elections, PiS once again won an outright majority in the Lower House but narrowly lost control of the Upper House to the opposition. Poland does not allow or recognize civil partnerships or same sex marriages. Activate your 30 day free trialto continue reading. Moreover, the country allocated money to improve access to childcare for children up to the age of three years by creating several new places in nurseries and childrens clubs and establishing a new set of quality standards for childcare, including educational guidelines. According to the National Bank of Poland, this growth rate of the GPD is due to investment and consumption.Because of the rapid growt there is a rise in employment and a dip in unemployment giving rise to an increase in employee wages. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Handbook of Economic Growth. Over the longer term, Polands economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labour code, commercial court system, government regulation, and burdensome tax system. 03925319, Curacao and Sint Maarten Insurance Industry - Key Trends and, Andorra Insurance Industry - Key Trends and Opportunities to 2026, British Virgin Islands Insurance Industry - Key Trends and Opportunities. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. The country's risk score is in the low-risk nations band. For very many years, Poland failed to provide the best infrastructure for business ethics due to communism. Corruption, poverty, lack of proper legal infrastructure, and the financial crisis continued to affect the country (Szczerbiak 19). At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. It will take only 2 minutes to fill in. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). The economy has proved resilient following Russia's invasion of Ukraine, owing to a large and diversified economy and an unusually warm 2022/23 winter. The economy has proved resilient following Russia's invasion of Ukraine, owing to a large and diversified economy and an unusually warm 2022/23 winter. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. Politically stable, and member of the European Union and NATO, Poland is. Poland: A Unique Country and Its People. The database is updated daily, so anyone can easily find a relevant essay example. Bribery is illegal. To help us improve GOV.UK, wed like to know more about your visit today. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Poland has several infrastructure projects in the works such as a warehouse complex, three nine-story residential buildings, as well as an expressway from Borki Wielkie to Elk Poland. Print. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. In March 2020, Polish authorities indicated they were planning to sue a group of LGBT rights activists who had created an "Atlas of Hate," which mapped anti-LGBT provisions that had been. "The Poland Economy' PEST Analysis." The Polish economy is well diversified. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. The country has a population of 38.5 million people. People use English and Polish languages to communicate with each other. This question is for testing whether you are a human visitor and to prevent automated spam submissions. Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. Read the information provided on our terrorism threat. Herbener, Sabine. Zylicz, Tomasz. . SWOT Analysis of Kelloggs (Kellogg Company), PESTEL analysis of the hospitality industry, https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income, https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline, https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html, https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/. The economic landscape section outlines the evolution of Poland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment.". Well send you a link to a feedback form. Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. Poland is a major economic power in Europe. This will help us provide youwith answersso that you can purchase with confidence. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. Prasad, Eswar and Michael Keane. Electronics export accounted for USD 27.1 billion, machinery for USD 43 billion, vehicles for USD 35.6 billion, chemicals for USD 35.6 billion, metals for USD 25.6 billion, minerals for USD 7.53 billion, stone for USD 6.22 billion, textiles for USD 26 billion and agriculture for USD 49.2 billion in 2018. - New employment laws for employee handbook maintenance. Economists believe that Poland is one of the major economic powerhouses in the world. The current account balance for Poland was estimated to be negative at USD 6.823 billion for the year 2019 and is expected to further decrease at a CAGR of 18.34% and reach USD -15.836 billion by 2024. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. The government aims to get Poland out of the middle-income trap and transform it into a high-tech, knowledge-based heavyweight economic player, by mobilising domestic capital and creating innovative Polish national champions in sectors such as e-mobility, shipbuilding and automotive. Print. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Discounts available for multiple purchases. professional specifically for you? Szczerbiak, Aleks. Warsaw: Nova Science Publishers, 2006. In addition, Poland encourages agricultural practices and extensive research. How does Poland perform in terms of healthcare, income distribution, and education? Technological environment is an important issue of discussion in the PESTEL analysis of Poland. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. Click here to review the details. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. | USD $350, Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. student. Enquire Before Buying Caution should also be taken in securing premises where goods of value are stored. The turnout was 68.1% - the second highest in Polands history and the extremely close and often aggressive campaign highlighted the deepening polarisation of Polish politics and society. The major challenge affecting the country is the high rate of unemployment. Currency Conversion is for Indicative purpose only. Visit the Business Anti-Corruption portal providing advice and guidance about corruption in Poland and some basic effective procedures you can establish to protect your company from them. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. We've updated our privacy policy. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. The economic landscape section outlines the evolution of Poland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment. Most visitors to Poland experience no difficulties. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Poland is also a diverse country in terms of culture (Zylicz 73). The political situation in the country offers new opportunities for doing business (Herbener 12). This person may print out a single copy of the publication. Warsaw: North Holland, 2013. Poland has developed a network of labour inspectorates. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. support@eddusaver.com phnne number +1 . In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. must. Table 1: Poland Key fundamentals, 2019-26f, Table 3: Analysis of Poland's political landscape, Table 4: Analysis of Poland's economic landscape, Table 5: Analysis of Poland's social landscape, Table 6: Analysis of Poland's technological landscape, Table 7: Analysis of Poland's Legal Landscape, Table 8: Analysis of Poland's environmental landscape, Table 9: Mid-Year population by age (as a percentage of the total population), 2021, Table 10: Patents granted by the USPTO, 2015-20, Figure 2: Tertiary education attainment of 25-64 year olds, 2020, Figure 3: Labor force as a percentage of total population, 2017-26, Figure 4: Poland, Key macroeconomic indicators, January 2021-January 2022, Figure 5: Inflation rate in Poland, 2012-22f, Figure 6: Social benefits to households (in cash) among OECD nations, 2020, Figure 7: Total health spending in $ per capita, 2020, Figure 10: Inequality in Poland and selected European countries, 2020, Figure 11: Old-age dependency ratio, 2050, Figure 12: Gross domestic spending on R&D as a percentage of GDP, 2020, Figure 13: FDI regulatory restrictiveness index, 2020, Figure 15: Poland Key political figures, Figure 16: Composition of the Sejm (lower house of parliament), election results of October 2019, Figure 17: Historical GDP growth of Poland, 2012-21, Figure 18: Polands WIG index, March 2021-March 2022, Figure 19: GDP and GDP growth rate in Poland, 2017-26f, Figure 20: GDP Composition by sectors, 2021, Figure 21: Agricultural output of Poland, 2017-22f, Figure 22: Industrial output of Poland, 2017-22f, Figure 23: Services output of Poland, 2017-22f, Figure 24: General government net lending/borrowing in Poland, 2017-26f, Figure 25: Current account balance in Poland, 2017-26f, Figure 26: General government gross debt Poland, 2017-26f, Figure 27: Total import and export growth of goods and services, 2017-26f, Figure 28: Consumer price index and consumer price index-based inflation in Poland, 2017-26f, Figure 29: Unemployment rate in Poland, 2017-26f, Figure 30: Polands composition by religion, 2020, Figure 31: Expenditure on healthcare in Poland, 2012-20, Figure 32: Government education expenditure in Poland, 2017-26f, Figure 33: Internet users in Poland, 2017-21e, Figure 34: Carbon dioxide emissions in Poland, 2012-20. Santoshkumar Nair This essay on The Poland Economy PEST Analysis was written and submitted by your fellow Other relevant articles for you are: If you liked any of these articles, please feel free to share with others by clicking on the social sharing icons. Analysis of external factors. The Polish Information and Foreign Investment Agency (in English) covers a wide range of economic and business areas, including information on doing business in Poland, economic statistics, trends, foreign trade details, inter-EU trade and a breakdown by industry and sector. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). In 2015 Poland adopted a law requiring investors to get approval from the government to buy a stake of 20% or higher in strategic industries such as power generation, chemicals and telecommunications. It is an important member of the EU. *Please note that the report cover image shown above is for representation purpose only. According to data published by Ipsos, 46 percent of respondents in Poland thought that air pollution was one of the top three environmental issues facing their country, the most of any category.. Poland is a powerful country in Central Europe. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Poland has not signed the Agreement on a Unified Patent Court. PESTEL analysis of Poland (Poland country profile) . Similarly, the standard corporate income tax (CIT) rate is 19% and a lower 9% rate for small taxpayers with revenues of up to 1.2 million euros a year (PwC, 2021). By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 2021). Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.Synopsis. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom market research from our website MarketResearchReports.com only. This, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. To know more about the Poland macroeconomic outlook, download a free report sample. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with Joe David has years of teaching experience both in the UK and abroad. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Can be shared by unlimited users within one corporate location e.g. Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. "The Poland Economy' PEST Analysis." . The History of Poland. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Poland is making progress in simplifying its tax system reducing the number of hours a company needs to meet its tax obligations from 420 hours to 260 at present. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. The EUs 5th largest market by population, Poland enjoyed 28 years of unbroken growth prior to a slight downturn in 2020 due to the impact of the COVID pandemic; however the decline was relatively mild GDP fell by an estimated 2.8%, after growing at 4.5% in 2019. Master thesis presentation (Qafqaz University), Le strategie di Marketing di San Benedetto, International Business: Poland Presentation, Warsaw Insight #2 - key policy developments in Poland, Warsaw Insight #3 - key policy developments in Poland - June 2014, Warsaw Insight #4 - key policy developments in Poland - July 2014, Warsaw Insight #4 - key policy developments in Poland - September 2014, Warsaw Insight #5 - key policy developments in Poland - October 2014, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. Various business activities, thus stimulating economic development each other labour force, create!, the countrys economic growth and political climate out of 152 nations in the country ( Ryan 274 ) to! De 19958, USA, wed like to know more about your visit today not intended tomeaningfully the... 57.4 % of GDP in 2017 only 2 minutes to fill in for... 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