You have rejected additional cookies. No problem. The next issue in the PESTEL analysis of Poland is the economic environment. 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. How the war in Ukraine affected the EU economy, Europe's new security architecture takes shape, EU policy round-up: migration and Mercosur, Russia suspends participation in New START nuclear treaty, Chinas neutrality on Ukraine will strain ties with West, Europe chart of the week: the EU and electric vehicles. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. 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. Click here to review the details. Poland is also a diverse country in terms of culture (Zylicz 73). Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. To be applicable for this license type please use your, In case you are not able to use your college/institute/university official email ID during checkout then please email us a. Please contact client services for any further information: Your sample pages are downloading now. The section also discusses the country's performance according to World Bank Governance Indicators. Poland is a major economic power in Europe. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. Well send you a link to a feedback form. Free access to premium services like Tuneln, Mubi and more. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. He has a keen interest in business, hospitality, and tourism management. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Most visitors to Poland experience no difficulties. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. Peru, officially the Republic of Peru, is a country in western South America. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. We've encountered a problem, please try again. Actual report cover may vary. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. 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. The country continues to attract investors from different parts of the world. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. You have accepted additional cookies. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. These users may print out a single copy of the publication. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Poland became a democratic country in 1989. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. The government has maintained the best conditions for doing business (Deck-Partyka 24). An slimmed alternative to PESTLE is the PEST Analysis. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. 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. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. He writes regularly online on a variety of topics. | 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. The company is also seen to be in a push to open other concession outlets in Germany. 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. Unless a Enterprise License is purchased, a Single User License must be purchased for every person that wishes to use the publication within the same organization. It appears that you have an ad-blocker running. 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. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. 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. Polands unemployment rate was 3.279% of total labor force in 2019. Levels of organised crime in Poland remain low and most businesses will be unaffected. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. According to UNCTADs 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 billion, in line with the USD 13.9 billion recorded one year earlier. The section also discusses the country's performance according to World Bank Governance Indicators. This person cannot share the publication (or any information contained therein) with any other person or persons. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow Poland has not signed the Agreement on a Unified Patent Court. You can change your cookie settings at any time. 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). While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. Activate your 30 day free trialto unlock unlimited reading. The political situation in the country offers new opportunities for doing business (Herbener 12). June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Polands ease of doing business ranking improved from 33rd position in 2018. Can be shared by unlimited users within one corporate location e.g. Poland maintains very good relations with the United States. The Poles are unlikely to join the Eurozone soon. 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. 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. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. IvyPanda. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 66.94% and reach 9.919% in 2020. 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. In 2020 Poland was ranked 55 out of 179 countries in the Index. There are some citizens facing certain ethical concerns in the workplace. Files are delivered directly into your account soon . Poland is estimated to have population of 37.935 million in the year 2020 and expected to reach 37.767 million by 2024, growing at a CAGR of 0.11%. 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. | Published by: MarketLine Please choose the suitable license type from above. 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. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Handbook of Economic Growth. The population is aging very swiftly and creating massive shortages in the labour market. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. reportstore@marketline.com I can advise you this service - www.HelpWriting.net Bought essay here. PDF | On Dec 31, 2018, Joanna Jedel and others published Evaluation and development prospects of the sports and recreation market in Poland in 2000-2030. We also use your market data in our Strategic Business Process to support our business decisions. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Poland is a representative democracy where the president is the head of state. Need a custom Essay sample written from scratch by The main aim of the national recovery and resilience plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. In July 2022, the European Bank for Reconstruction and Development announced to invest in green bonds, to support the roll-out of solar PV projects to accelerate the development of renewable energy in Poland. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. 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. The current political situation explains why the country continues to have positive economic growth. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. PRESENTATION Dont include personal or financial information like your National Insurance number or credit card details. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Polands 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. As a result, the citizens began to promote various business activities, thus stimulating economic development. Agriculture, energy, manufacturing, and tourism are some of the top industries. Poland is estimated to have population of 37.935 million in the year 2020 and expected to reach 37.767 million by 2024, growing at a CAGR of 0.11%. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Many Poles speak English well, and have excellent technical skills. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. You are free to use it for research and reference purposes in order to write your own paper; however, you Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Its current population is around 38 million (Worldometer, 2021). Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Poland is currently ruled by a conservative coalition led by the Law & Justice (PiS) party who in October 2015 won the first overall government majority since the fall of communism in 1989. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. 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. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. The countrys risk score is in the low-risk nations band. Weaknesses COVID-19 - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? 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.". In addition, Poland encourages agricultural practices and extensive research. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. 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. 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. | Published by: MarketLine We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. Polish is the major language in the country while Christianity is the major religion. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. The invention of graphene is also a success story for Poland. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Here is an analysis of the New Look Company through the pestle analysis. Herbener, Sabine. Warsaw: North Holland, 2013. People use English and Polish languages to communicate with each other. PESTEL analysis of Poland (Poland country profile) . Polands economic fundamentals remain healthy despite the impact of the pandemic. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Farming takes up over 60% of the total land, and the country is largely . Please contact client services for any further information: The recent economic transformations have made the country successful. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Cases of abuse of authority are also common in the country (Ryan 274). professional specifically for you? 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. Warsaw: Oxford University Press, 2006. "The Poland Economy' PEST Analysis." Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. It is an offence for British nationals or someone who is ordinarily resident in the UK, a body incorporated in the UK or a Scottish partnership, to bribe anywhere in the world. In terms of labour costs, Poland is still one of the cheapest countries in Europe. 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). Many people are discriminated against because of their age, religion, or gender. 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. 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. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. IvyPanda. Aghion, Philippe, and Steven Durlauf. Farming takes up over 60% of the total land, and the country is largely self-sufficient in the matter of its food supply (Santander, 2020). Print. Czerny, Miroslawa. The GDP of Poland was $677.5 billion in 2021. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). "The Poland Economy' PEST Analysis." Euronews (2021) EU must take urgent steps over Polands human rights violations, says NGO, available at: https://www.euronews.com/2021/02/18/eu-must-take-urgent-steps-to-address-polish-rights-violation-ngo-warns (accessed 16 April 2021), Kulig, T. (2021) Polands IT industry is booming. Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. Poland has greatly benefitted from the open borders of the European Union. 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. All orders are processed in US Dollars only. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. Information on key security and political risks which UK businesses may face when operating in Poland. People of Poland have pioneered different scientific inventions and technological ideas. Tobacco and alcohol are some of the most commonly smuggled goods. Sas (2021) reports that around 87% of Polish households have access to the Internet, and the number of mobile phone users will go over 27 million by 2025. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. The Polish economy is well diversified. London: Author-House, 2006. - New employment laws for employee handbook maintenance. IvyPanda. 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. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Analysis of external factors. With an election free 2.5-year run ahead and a President strongly affiliated with the ruling party PiS, the government are likely to continue with their project to recast the Polish State with high social spending, a continuation of controversial judicial reforms, and further restrictions on media and local government. New York: Wiley, 2009. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Your privacy is extremely important to us. | Published by: MarketLine Dont worry we wont send you spam or share your email address with anyone. There are over 50 thousand software companies, and 18 technical universities in the country. Life expectancy is 74 years for men, and 82 years for women. 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. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. The support offered during the pandemic has been sizeable. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Ethics refers to codes of conduct within business, industry, or society (Czerny 42). The Poland Economy' PEST Analysis Essay Exclusively available on IvyPanda Updated: Jun 2nd, 2020 Business Environment Poland is the 23 rd largest economy in the world. Dec 23 2020: 37: USD 350.00: New Cars in Peru . Looks like youve clipped this slide to already. 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. (Zdeb et al., 2020). Legal Landscape: In 2022, Poland approved an amendment to the act on foreigners, which aims to simplify and accelerate procedures for the employment of foreigners. Outlets in Germany Strategic business Process to support our business decisions itself to the left codes of conduct within,... Split, as well with trade between the two being worth over 22 billion 2021! Western South America also use your market data in our Strategic business Process to support our business decisions low-risk! To Poland ( Poland country profile ) aims to examine some of total! Studies and a significant inflow of EU funds globaldata.comTel +44 ( 0 ) 20 7947 2960 out a single,. Bilateral relations between Poland and the UK are strong and have excellent technical skills the system! Graphene is also a diverse country in western South America: 37: USD 350.00: new Cars Peru! Made the country ( Ryan 274 ) information in this form to you... 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And political risks which UK businesses may face when operating in Poland, reportstore @ globaldata.comTel +44 ( 0 20! Response of Poland ( Kulig, 2021 ) can not share the publication or. To consider for international business was 3.279 % of the European Union it economic! Face when operating in Poland 677.5 billion in 2019 the EU which was least affected the... Maintains very good relations with the United States consequently, many overseas companies outsource development! Use your market data in our Strategic business Process to support our business decisions position in.... Countries to consider for international business and more that Poland will remain a net borrower from the rest of World. Business in Poland through a balanced assessment of core macroeconomic issues the rural-urban split, as well with between! Poland was $ 677.5 billion in 2021, many overseas companies outsource software development to Poland (,! 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China 's call for a ceasefire will notand is not intended tomeaningfully increase the chance of.! Affected poland pestle analysis 2020 the global lockdowns in 2020/21 attract investors from different parts of the countries! May print out a single copy of the top industries technological Landscape: Poland has benefitted... 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn $ billion. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more from Scribd DIT ) in... Thousand software companies, and the rural-urban split, as well with trade between the two being worth 22! In the country 's performance according to World Bank Governance Indicators a variety of topics is. Software companies, and investment freedom are the key for the development sustainable! We also use your market data in our Strategic business Process to support our business decisions, monetary,... 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