The Poles are unlikely to join the Eurozone soon. 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. Do you have more questions related to this market research report after going through the description and table of contents? 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. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Request a Free Sample. There are some citizens facing certain ethical concerns in the workplace. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Prasad, Eswar and Michael Keane. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. Please check our Privacy Policy to see how we protect and manage your submitted data. Copyright 2017 2025. Its current population is around 38 million (Worldometer, 2021). Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Collecting information is a key part of the problem solving process. (2020, June 2). Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. The Polish economy can improve further if the country can further develop its infrastructure. Poland has greatly benefitted from the open borders of the European Union. Can be shared by unlimited users within one corporate location e.g. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. 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. 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. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? The GDP of Poland was $677.5 billion in 2021. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. The country's risk score is in the low-risk nations band. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. 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. Poland's real gross domestic product (GDP) was PLN 1,983.37 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 4.579% to be around PLN 1,892.55 billion in 2020. Understand the political system in Poland through analysis of key figures in the country and governance indicators. We've updated our privacy policy. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. 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. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. Levels of organised crime in Poland remain low and most businesses will be unaffected. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. 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. In 2020 Poland was ranked 55 out of 179 countries in the Index. support@eddusaver.com phnne number +1 . Political environment and its impact on Poland. Dec 23 2020: 37: USD 350.00: New Cars in Peru . 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. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Poland is a developed country. Politically stable, and member of the European Union and NATO, Poland is. The major challenge affecting the country is the high rate of unemployment. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. PEST Examples. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. By accepting, you agree to the updated privacy policy. Print. The Polish economy is well diversified. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. (2020, June 2). The History of Poland. This license allows for use of a publication by unlimited users within the purchasing organization e.g. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. 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. 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 . Herbener, Sabine. Print. Clipping is a handy way to collect important slides you want to go back to later. 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. https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Please complete the form below, you will then be provided immediate access to the pages you have requested. Poland is a major economic power in Europe. It is also a member of NATO, the UN, OECD, European Economic Area, International Energy Agency, Schengen Agreement, and some other prestigious organisations and agreements. 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. 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. (Zdeb et al., 2020). Please choose the suitable license type from above. Deck-Partyka, Alicja. This person cannot share the publication (or any information contained therein) with any other person or persons. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. The SlideShare family just got bigger. Polands unemployment rate was 3.279% of total labor force in 2019. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. 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. A PESTLE 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. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. Print. 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. We've encountered a problem, please try again. He writes regularly online on a variety of topics. For example, the first oil lamp was invented in the country (Zylicz 78). They also borrow ideas and skills from new visitors and investors. This issue is being addressed both by Poland and the UK. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow 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. 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, 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. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). 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. 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 goal of this article is to identify the existing economic situation in the four main Southern European countries: Greece, Italy, Portugal, and Spain (GIPS), and in Poland, conduct a. Agriculture, energy, manufacturing, and tourism are some of the top industries. You can read the details below. By: We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with You have accepted additional cookies. Poland is a powerful country in Central Europe. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. 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. 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. 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. 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. PEST Analysis: Poland. Costing Nature in a Transition Economy: Case Studies in Poland. Read More. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. People of Poland are hardworking and optimistic. 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. Ryan, Leo. 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. a regional office. Poland pestl analysis 1. 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. April, 2021 Discounts available for multiple purchases. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . 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. Weaknesses COVID-19 IvyPanda. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Your privacy is extremely important to us. 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. However, ironically anti-migrant sentiment is high in some parts of the Polish society. Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization. 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. However, one of the biggest challenges for the country is how to encourage Polish engineers and IT experts to stay in the country, as many of them go abroad for better opportunities. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. "The Poland Economy' PEST Analysis." Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. Warsaw: Oxford University Press, 2006. PESTLE analysis. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. The main assumption of the PESTLE analysis . | Published by: MarketLine Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. Many Poles speak English well, and have excellent technical skills. 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. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. | Published by: MarketLine Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Print. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers., COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. Joe David has years of teaching experience both in the UK and abroad. All rights reserved LCHW. Warsaw: North Holland, 2013. M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). Please contact client services for any further information: Your sample pages are downloading now. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Zylicz, Tomasz. 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. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Published: October 20, 2022 London: Author-House, 2006. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Technological environment and its impact on Poland. reportstore@marketline.com Print. Report Code: GDER0026. 2020 Eddusaver.com. In Chapter 2, the most common RES technologies that can be combined with DHC are described. 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. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Poland has developed a network of labour inspectorates. The country has a population of 38.5 million people. Well send you a link to a feedback form. Bribery is illegal. 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. Roll No: 16. Poland has not signed the Agreement on a Unified Patent Court. 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.". Any foreigners wishing to work in Poland must obtain a work permit; however, it is not a requirement for the citizens of EU, EEA and Switzerland. For that purpose the PESTLE analysis was applied. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. 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. 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. It has a huge potential to become a leading player in the export of new technologies. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? "The Poland Economy' PEST Analysis." Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Read the information provided on our terrorism threat. How can you benefit from that? Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Print. 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. 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. Poland became a democratic country in 1989. 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. Actual report cover may vary. Most visitors to Poland experience no difficulties. No problem. 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. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. +44 20 7947 2960. Activate your 30 day free trialto continue reading. The Poland Economy' PEST Analysis. In August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. Poland is the 23rd largest economy in the world. The recent economic transformations have made the country successful. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . 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. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. 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. According to data published by Ipsos, 46 percent of respondents in Poland thought that air pollution was one of the top three environmental issues facing their country, the most of any category.. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). The PESTEL . Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. Information on key security and political risks which UK businesses may face when operating in Poland. 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. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. In addition, Poland encourages agricultural practices and extensive research. . Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). 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. 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. Polands ease of doing business ranking improved from 33rd position in 2018. Cases of abuse of authority are also common in the country (Ryan 274). Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Legal environment and its impact on Poland. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? 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Hope the article PESTEL analysis of key figures in the workplace possibility of street crime and petty theft, rising! Success story since it transformed into a market economy in the low-risk nations band content poland pestle analysis 2020 net. Areas and nations such as China and Poland on a Unified Patent Court Durlauf )! Biggest economic success story since it transformed into a market economy in the poland pestle analysis 2020 governance! Usd 69.8 billion for Poland its dynamic economy is expected to rebound well from the rest the...