IvyPanda. "The Poland Economy' PEST Analysis." The section also discusses the country's performance according to World Bank Governance Indicators. Actual report cover may vary. 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. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Social. Print. | Published by: MarketLine Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. 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. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. 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. Agriculture, energy, manufacturing, and tourism are some of the top industries. Free access to premium services like Tuneln, Mubi and more. 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. The country has a population of 38.5 million people. It comprises of sixteen administrative provinces. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. This makes the country one of the best places to invest (Czerny 37). 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 appears that you have an ad-blocker running. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Poland. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Its current population is around 38 million (Worldometer, 2021). PESTEL analysis of Poland (Poland country profile). It is a politically stable country and has become a success story in Europe. Poland has a massive broadcasting market. This license is applicable to students, teachersand other academicians of any educational institute or university. +44 20 7947 2960. 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. 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 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. Employees are entitled to 20 days annual holiday if they have been employed for less than 10 years, and 26 days if employed for 10 years. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. IvyPanda. This license allows for use of a publication by unlimited users within the purchasing organization e.g. This license allows for use of a publication by one person. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. Weaknesses COVID-19 For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). April, 2021 It is an important member of the EU. 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. PESTLE analysis can be an extremely effective tool in business, if used correctly. 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. Warsaw: Oxford University Press, 2004. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. New York: Routledge, 2003. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. The PESTEL . Here is an analysis of the New Look Company through the pestle analysis. 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. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. You are in control of the communications you receive from us and you can update your preferences anytime to make sure you are receiving information that matters to you. 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 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. The discussion below presents a PEST Analysis for Poland. There is a low threat from terrorism in Poland. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. It will take only 2 minutes to fill in. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Poland became a democratic country in 1989. Warsaw: Nova Science Publishers, 2006. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). 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. This report provides information about key macroeconomic indicators for Poland. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? - New employment laws for employee handbook maintenance. These employees of purchasing organization can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. The support offered during the pandemic has been sizeable. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. India Emerges as a Major Contender in Lithium Mining with 5.9 Million Tonnes Discovery, Thermocouple Wire Market: In-Depth SWOT Analysis, and Detailed Industry Overview. The invention of graphene is also a success story for Poland. Every customers requirement is unique. 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. all employees of a single company. Poland: A Unique Country and Its People. 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. Compared to some other European countries, it offers affordable holidays for tourists. 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. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. [email protected] 2 June. The Polish economy is well diversified. Poland is a powerful country in Central Europe. Polands growth has been driven by strong domestic demand, dynamic exports, improved productivity, foreign investment, a stable banking system, and a significant inflow of EU cohesion funds. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for 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. The law gives the person in receipt of a bribe immunity from prosecution if they report it to the authorities and assist in the prosecution of the bribe giver. 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 greatly benefitted from the open borders of the European Union. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. 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. 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). 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. 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 Poland Economy' PEST Analysis." Understand the political system in Poland through analysis of key figures in the country and governance indicators. There are some other social challenges that Poland needs to consider. Read the information provided on our Intellectual Property page. Dont include personal or financial information like your National Insurance number or credit card details. 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. 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. 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). London: Edward Elgar Pub, 2000. Your privacy is extremely important to us. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. 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. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. 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. However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. 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). By accepting, you agree to the updated privacy policy. I can advise you this service - www.HelpWriting.net Bought essay here. . Print. There are many techniques that can be used to help identify what information to collect. 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. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Methods: We retrospectively explored the relationship between some demographic and clinical factors, such as age and sex, as well as the levels of ten selected factors, namely, CRP, D-dimer . | USD $350, June, 2021 Agriculture, energy, manufacturing, and tourism are some of the top industries. Tobacco and alcohol are some of the most commonly smuggled goods. He writes regularly online on a variety of topics. Now customize the name of a clipboard to store your clips. 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 PESTLE Analysis & Macroeconomic Trends Market Research Report. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). London: Author-House, 2006. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. You are free to use it for research and reference purposes in order to write your own paper; however, you The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Politically stable, and member of the European Union and NATO, Poland is. 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. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. The constitution of Poland assures the independence of the judiciary. Please complete the form below, you will then be provided immediate access to the pages you have requested. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Can be shared by unlimited users within one corporate location e.g. Technical. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. 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). This essay on The Poland Economy PEST Analysis was written and submitted by your fellow Poland adheres to all EU laws regarding copyright and intellectual property and the local branches of international watchdogs monitor breaches that may occur, including downloading of illegal software which mostly concerns the music/film industry. If you are looking for a market research solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our market research consultants or directly write to us. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Customers who infringe these license terms are liable for a Global license fee. Copyright 2017 2025. New York: Wiley, 2009. Ryan, Leo. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Poland has developed a network of labour inspectorates. These figures demonstrate how promising the e-commerce industry is in Poland. In 2020 Poland was ranked 55 out of 179 countries in the Index. 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. As a result, the citizens began to promote various business activities, thus stimulating economic development. You can change your cookie settings at any time. Warsaw: Oxford University Press, 2006. 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. Read the information provided on our safety and security page. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? 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. This person cannot share the publication (or any information contained therein) with any other person or persons. PRESENTATION We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. This, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. Visit the Business Anti-Corruption portal providing advice and guidance about corruption in Poland and some basic effective procedures you can establish to protect your company from them. The Republic of Poland Area: 312685 sq km Capital : Warsaw Neighboring states: Germany, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania, Russia Official Language: Polish Population: 38.6 million Time: Central European Time(GMT+1) Currency: Zloty(1 Euro:4.18 zloty,1$=3.15 zloty) Inflation: 4% GDP: 765.6 . These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Kindly use your official email address and contact number to ensure speedy response. In the UK, this figure stood at a staggering 9.9%. We've updated our privacy policy. Read the information provided on our organised crime page. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. The major challenge affecting the country is the high rate of unemployment. 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. The Poles are unlikely to join the Eurozone soon. Warsaw: North Holland, 2013. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. 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. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). Costing Nature in a Transition Economy: Case Studies in Poland. Please contact client services for any further information: Your sample pages are downloading now. The GDP of Poland was $677.5 billion in 2021. For that purpose the PESTLE analysis was applied. 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. 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. Read the information provided on our terrorism threat. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. The country continues to attract investors from different parts of the world. The countrys risk score is in the low-risk nations band. This issue is being addressed both by Poland and the UK. Polands economic fundamentals remain healthy despite the impact of the pandemic. - How does Poland perform in terms of healthcare, income distribution, and education? Political Landscape: Poland has evolved into a stable democracy since the fall of communism in the country and has made significant progress in terms of safeguarding human rights. The client services team will arrange delivery of your sample pages. Many Poles speak English well, and have excellent technical skills. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Information on key security and political risks which UK businesses may face when operating in Poland. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. This question is for testing whether you are a human visitor and to prevent automated spam submissions. 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 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. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. 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. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. Print. 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: [email protected]. The report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. Currency Conversion is for Indicative purpose only. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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. The population is aging very swiftly and creating massive shortages in the labour market. | Published by: MarketLine PEST Examples. Economic environment and its impact on Poland. ensure the integrity of our platform while keeping your private information safe. A PESTLE Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Click here to review the details. Read More. The History of Poland. 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 has a well-developed ICT market and PESTLE analysis copyright credit to the you. Include information given in the country 's performance according to Gordon ( 23 ), Poland is one of countries! Of topics spam submissions a custom essay on the Poland economy PEST analysis for Poland the economic situation in.! Discussion in the longer term, changing demographics, with an ageing and. Are many techniques that can be an extremely effective tool in business, supporting! Number seven in Europe report using bank/wire transfer against an invoice, please fill your details using request form! 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