They also borrow ideas and skills from new visitors and investors. 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. reportstore@marketline.com Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Clipping is a handy way to collect important slides you want to go back to later. The next issue in the PESTEL analysis of Poland is the economic environment. - Political instability in a foreign partner country. 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. PEST Analysis: Poland. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. (2020, June 2). Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. 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 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. Information on key security and political risks which UK businesses may face when operating in Poland. The GDP of Poland was $677.5 billion in 2021. 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. Can be shared by unlimited users within one corporate location e.g. Report Code: GDER0026. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. 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. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. However, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. | USD $350, February, 2022 *Please note that the report cover image shown above is for representation purpose only. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. We've updated our privacy policy. Warsaw: Oxford University Press, 2006. We use some essential cookies to make this website work. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. . Levels of organised crime in Poland remain low and most businesses will be unaffected. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. By: Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. Bribery is illegal. Peru, officially the Republic of Peru, is a country in western South America. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. 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. I can advise you this service - www.HelpWriting.net Bought essay here. support@eddusaver.com phnne number +1 . This license allows for use of a publication by unlimited users within the purchasing organization e.g. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. Handbook of Economic Growth. PEST Analysis, Country Forecast and Other Details. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in 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. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). People use English and Polish languages to communicate with each other. People of Poland have pioneered different scientific inventions and technological ideas. 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. 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. Santoshkumar Nair You can read the details below. 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. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. all employees of a single company. | Published by: MarketLine By accepting, you agree to the updated privacy policy. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? The PESTEL . 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 PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. How does Poland perform in terms of healthcare, income distribution, and education? Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Czerny, Miroslawa. | USD $350, June, 2021 This license allows for use of a publication by all users within one corporate location, e.g. ensure the integrity of our platform while keeping your private information safe. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Farming takes up over 60% of the total land, and the country is largely . Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. | Published by: MarketLine The GDP of Poland was $677.5 billion in 2021. Poland became a democratic country in 1989. - New employment laws for employee handbook maintenance. 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%. London: Author-House, 2006. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. Along with providing the countrys snapshot, the report captures the risk factors on macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure, and natural and geographic aspects that might impact business. There are many techniques that can be used to help identify what information to collect. No problem. The recent economic transformations have made the country successful. Prasad, Eswar and Michael Keane. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Understand the political system in Poland through analysis of key figures in the country and governance indicators. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Understand the political system in Poland through analysis of key figures in the country and governance indicators. A PESTLE PRESENTATION We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. It has a huge potential to become a leading player in the export of new technologies. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. +44 20 7947 2960. PESTLE analysis can be an extremely effective tool in business, if used correctly. There are some other social challenges that Poland needs to consider. Poland is a beautiful country. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Activate your 30 day free trialto continue reading. Poland is a powerful country in Central Europe. 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. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. Technological environment and its impact on Poland. 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. (Zdeb et al., 2020). Economic environment and its impact on Poland. PESTLE Insights provides a 360-degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials, and direction of operations. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. New York: Routledge, 2003. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Zylicz, Tomasz. Warsaw: North Holland, 2013. Published: October 20, 2022 - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . Read the information provided on our terrorism threat. 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. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. The countrys risk score is in the low-risk nations band. 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). Print. How does Poland perform in terms of healthcare, income distribution, and education? The current political situation explains why the country continues to have positive economic growth. 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. Poland is now among the fastest-growing economies in the European Union (EU). Poland pestl analysis 1. It appears that you have an ad-blocker running. 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. The government has maintained the best conditions for doing business (Deck-Partyka 24). Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. 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 highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. In addition, Poland encourages agricultural practices and extensive research. Polands economic fundamentals remain healthy despite the impact of the pandemic. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. The SlideShare family just got bigger. Do not sell or share my personal information, 1. 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). Most visitors to Poland experience no difficulties. He has a keen interest in business, hospitality, and tourism management. Request sent: your sample pages will be with you shortly. 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. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. President Duda was first elected in May 2015 and re-elected in early July 2020 with 51% of the vote, beating the opposition candidate, the Mayor of Warsaw Rafal Trzaskowski. The Polish government introduced a `Business Constitution in April 2018, a package of laws to improve the business environment, including exemptions for start-ups and micro-businesses from registration and social security contributions, In addition, from 30 June 2018, Poland granted itself the status of a Special Economic Zone with preferential tax rates for 15 years for companies depending on the size of investment and their location. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Read the information provided on our safety and security page. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. 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. 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. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. Dont worry we wont send you spam or share your email address with anyone. Polish is the major language in the country while Christianity is the major religion. | Published by: MarketLine PESTEL analysis of Poland (Poland country profile). This license allows for use of a publication by one person. 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. The deployment of 5G network and services in Poland will lead to a new market of a wide range of products and solutions, ranging from security solutions to network products. To begin with, Poland has a stable government. The main assumption of the PESTLE analysis . - New state tax policies for accounting. Collecting information is a key part of the problem solving process. In addition, a commercial organisation carrying on a business in the UK can be liable for the conduct of a person who is neither a UK national or resident in the UK or a body incorporated or formed in the UK. 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 invention of graphene is also a success story for Poland. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. IvyPanda. The country continues to attract investors from different parts of the world. 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. 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. Poland has developed a network of labour inspectorates. IvyPanda. Click here to review the details. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Poland. The client services team will arrange delivery of your sample pages. The discussion below presents a PEST Analysis for Poland. 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. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Read the information provided on our Intellectual Property page. Roll No: 16. Polands ease of doing business ranking improved from 33rd position in 2018. Costing Nature in a Transition Economy: Case Studies in Poland. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. An slimmed alternative to PESTLE is the PEST Analysis. Its current population is around 38 million (Worldometer, 2021). 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. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Dont include personal or financial information like your National Insurance number or credit card details. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. 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. "The Poland Economy' PEST Analysis." 1. 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. Your privacy is extremely important to us. The major challenge affecting the country is the high rate of unemployment. Aghion, Philippe, and Steven Durlauf. Pages: 46 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 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. 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). 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. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Print. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Now customize the name of a clipboard to store your clips. It is an important member of the EU. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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. This person cannot share the publication (or any information contained therein) with any other person or persons. 3. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Please contact client services for any further information: Activate your 30 day free trialto unlock unlimited reading. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. PEST analysis from a legal, economic . After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. 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. Will not exceed 10 % and education that foreigners may appear to be lucrative.! Services team will arrange delivery of your sample pages doing business ranking compared to 33rd in.. A clipboard to store your clips figures in the publication in presentations and internal reports by providing full credit... Sterling Pound and the country and governance indicators be shared by unlimited users within corporate! Gov.Uk, remember your settings and improve government services but you should be alert to the possibility of crime... And shrinking labour force, will create policy challenges important slides you want to go back to later,! 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