The support offered during the pandemic has been sizeable. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. 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. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). People of Poland are hardworking and optimistic. Politically stable, and member of the European Union and NATO, Poland is. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Looks like youve clipped this slide to already. Report Code: GDER0026. IvyPanda. Business Intelligence & Marketing Manager, SAL Heavy Lift, Market Analyst & Management, Liebherr-Werk, Marketing Intelligence Manager, Portugal Foods, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. This will help us provide youwith answersso that you can purchase with confidence. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. 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. 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. This license allows for use of a publication by one person. 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. Polish is the major language in the country while Christianity is the major religion. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Some of the features of PESTLE Analysis of Poland 2012-2017 include: - Trend and forecast of real GDP growth rate - Trend of savings and investments as well as consumption expenditure in. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland is a powerful country in Central Europe. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Print. All rights reserved LCHW. 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. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. The current political situation explains why the country continues to have positive economic growth. Information on key security and political risks which UK businesses may face when operating in Poland. Please check our Privacy Policy to see how we protect and manage your submitted data. 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. See the full A-Z list of all CIPD factsheets . In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. 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. These users may print out a single copy of the publication. 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%. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. Polands unemployment rate was 3.279% of total labor force in 2019. Economic environment and its impact on Poland. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. PESTEL analysis of Poland (Poland country profile). 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.". - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? 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. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). The company is also seen to be in a push to open other concession outlets in Germany. Warsaw: Oxford University Press, 2004. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. There are over 50 thousand software companies, and 18 technical universities in the country. 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. However, CIVICUS, an NGO, has put Poland on its human rights watchlist as the former accuses the latter of cracking down on media, local government, peaceful protests, and freedom of expressions (Euronews, 2021). *Please note that the report cover image shown above is for representation purpose only. As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Poland is a beautiful country. 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). Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Poland pestl analysis 1. Read the information provided on our organised crime page. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? In the UK, this figure stood at a staggering 9.9%. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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). The GDP of Poland was $677.5 billion in 2021. 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. This is expected to result in Poland governments net lending / borrowing negative at PLN 48.408 billion in 2019 indicating that not enough financial resources were made available by the government to boost economic growth. In Chapter 2, the most common RES technologies that can be combined with DHC are described. Costing Nature in a Transition Economy: Case Studies in Poland. 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. | USD $350, February, 2022 Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. 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 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. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Please complete the form below, you will then be provided immediate access to the pages you have requested. PEST analysis from a legal, economic . We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Poland Within the European Union. Tap here to review the details. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Now customize the name of a clipboard to store your clips. It has a huge potential to become a leading player in the export of new technologies. Dec 23 2020: 37: USD 350.00: New Cars in Peru . The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. 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. Polands ease of doing business ranking improved from 33rd position in 2018. Enquire Before Buying 1. IvyPanda. These users cannot share the publication (or any information contained therein) with any other person or persons outside the corporate location for which the publication is purchased. New York: Routledge, 2003. Read the information provided on our safety and security page. We use some essential cookies to make this website work. reportstore@marketline.com 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. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. The government has maintained the best conditions for doing business (Deck-Partyka 24). 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 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 . Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Print. Warsaw: Oxford University Press, 2006. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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. Poland's tourism industry generated a revenue of PLN 124.6 billion in 2018 which is a marked 6.8 percent increase compared to the previous year. | Published by: MarketLine Poland. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. 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. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. . 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. The main aim of the plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. 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. Print. 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. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. If you wish to read about frequently asked questions by our customers please visit our, Scope of Poland PESTLE Analysis and Macroeconomic Trends Report, 2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP, 2.2.6 Total Investment / Gross Capital Formation, 2.3.1 Consumer Price Index (CPI) Inflation, 2.4.1 Change in Import Volume of Goods & Services, 2.4.2 Change in Export Volume of Goods & Services, 4.1 Coronavirus (COVID-19) Containment Measures of Poland, 4.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Poland, 4.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Poland, 4.4 Coronavirus (COVID-19) Related Employment Policy Measures by Poland, 4.5 Coronavirus (COVID-19) Related Social Policy Measures by Poland, Exhibit 2.1 Population of Poland (in million), Exhibit 2.2 Unemployment Level in Poland (in %), Exhibit 2.3 Real GDP of Poland (in PLN billion), Exhibit 2.4 Nominal GDP of Poland (in PLN billion), Exhibit 2.5 Nominal GDP of Poland (in USD billion), Exhibit 2.6 GDP Deflator Index for Poland, Exhibit 2.7 Per Capita GDP of Poland (in USD), Exhibit 2.8 PPP Per Capita GDP of Poland (in USD), Exhibit 2.9 Total Investment of Poland (in %), Exhibit 2.10 Gross National Savings of Poland (in %), Exhibit 2.11 Gross National Savings of Poland (in %), Exhibit 2.12 Change in Import Volume of Goods & Services of Poland (in %), Exhibit 2.13 Change in Export Volume of Goods & Services of Poland (in %), Exhibit 2.14 Government Revenue of Poland (in PLN billion), Exhibit 2.15 Government Revenue of Poland (in % of GDP), Exhibit 2.16 Government Expenditure of Poland (in PLN billion), Exhibit 2.17 Government Expenditure of Poland (in % of GDP), Exhibit 2.18 Government Net Lending / Borrowing of Poland (in PLN billion), Exhibit 2.19 Government Net Lending / Borrowing of Poland (in % of GDP), Exhibit 2.20 Government Gross Debt of Poland (in PLN billion), Exhibit 2.21 Government Gross Debt of Poland (in % of GDP), Exhibit 2.22 Government Net Debt of Poland (in PLN billion), Exhibit 2.23 Government Net Debt of Poland (in % of GDP), Exhibit 2.24 Current Account Balance of Poland (in USD billion), Exhibit 2.25 Current Account Balance of Poland (in % of GDP), Exhibit 2.26 Poland - Ease of Doing Business Ranking from 2008-2019, Exhibit 3.1 Poland Top 10 Export Countries (in USD billion) & % Share, Exhibit 3.2 Poland Top 10 Import Countries (in USD billion) & % Share. 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. Technological environment and its impact on Poland. The major challenge affecting the country is the high rate of unemployment. Activate your 30 day free trialto continue reading. However, after several successive years in which Polands score and ranking improved in the [Transparency Internationals Corruption Perception Index (CPI)](http://www.transparency.org/reserach/cpi/overview, the countrys score decreased to 56 Points in 2020 from 58 Points in 2019. Poland. . It proposes a more hands-on role for the state, modelled on the German approach, to wean Poland off its dependency on FDI and cheap labour. You can read the details below. It appears that you have an ad-blocker running. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Poland became a democratic country in 1989. 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 December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. | Published by: MarketLine Your privacy is extremely important to us. & Development effectively navigate the market Research report it a favorable destination for investors issue the Polish needs. Of political stability, policies towards business, industry, or society ( Czerny 42.! 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