Tap here to review the details. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Legal environment and its impact on Poland. Warsaw: Oxford University Press, 2011. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Economic. Collecting information is a key part of the problem solving process. Poland is also a diverse country in terms of culture (Zylicz 73). This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Report Code: GDER0026. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Deck-Partyka, Alicja. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. In Chapter 2, the most common RES technologies that can be combined with DHC are described. There are some citizens facing certain ethical concerns in the workplace. The constitution of Poland assures the independence of the judiciary. 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. Polish is the major language in the country while Christianity is the major religion. 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. | Published by: MarketLine Published: October 20, 2022 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. This is IvyPanda's free database of academic paper samples. 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. The client services team will arrange delivery of your sample pages. 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. They also borrow ideas and skills from new visitors and investors. . Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Pages: 46 Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. The political situation in the country offers new opportunities for doing business (Herbener 12). This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. 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. See the full A-Z list of all CIPD factsheets . Request a Free Sample. "The Poland Economy' PEST Analysis." All rights reserved LCHW. The section also discusses the country's performance according to World Bank Governance Indicators. You can read the details below. Gordon, Sharon. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. The Poland Economy' PEST Analysis. Joe David has years of teaching experience both in the UK and abroad. The countrys risk score is in the low-risk nations band. Political environment and its impact on Poland. Most visitors to Poland experience no difficulties. 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%. There are many techniques that can be used to help identify what information to collect. "The Poland Economy' PEST 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. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Zylicz, Tomasz. 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. Copyright 2017 2025. Click here to review the details. 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. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? The population is aging very swiftly and creating massive shortages in the labour market. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. 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. | Published by: MarketLine In the UK, this figure stood at a staggering 9.9%. Poland. 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. IvyPanda. Since 1990, the country's economy has been growing "exponentially." 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. Every customers requirement is unique. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. Social. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. Costing Nature in a Transition Economy: Case Studies in 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. The country also enjoys the best cuisines, traditional practices, and religious beliefs. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. There is a low threat from terrorism in Poland. Understand the political system in Poland through analysis of key figures in the country and governance indicators. The next issue in the PESTEL analysis of Poland is the economic environment. Your privacy is extremely important to us. For that purpose the PESTLE analysis was applied. 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. 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. To help us improve GOV.UK, wed like to know more about your visit today. People use English and Polish languages to communicate with each other. 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. Print. 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). How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. This person may print out a single copy of the publication. - New employment laws for employee handbook maintenance. Farming takes up over 60% of the total land, and the country is largely . Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. A PESTLE 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. These users may print out a single copy of the publication. Technological environment and its impact on Poland. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. Technical. He writes regularly online on a variety of topics. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. 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. He has a keen interest in business, hospitality, and tourism management. . But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. As a result, the citizens began to promote various business activities, thus stimulating economic development. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. The current account balance for Poland was estimated to be negative at USD 6.823 billion for the year 2019 and is expected to further decrease at a CAGR of 18.34% and reach USD -15.836 billion by 2024. (2021) Polands contributions to and receipts from the European Union budget from 2004 to 2019, available at: https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/ (accessed 16 April 2021), Trading Economics (2021) Poland GDP, available at: https://tradingeconomics.com/poland/gdp (accessed 15 April 2021), Worldometer (2021) Poland population, available at: https://www.worldometers.info/world-population/poland-population/ (accessed 17 April 2021), World Population Review (2021) Hardest working countries 2021, available at: https://worldpopulationreview.com/country-rankings/hardest-working-countries (accessed 17 April 2021). Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. PEST Analysis, Country Forecast and Other Details. For example, the first oil lamp was invented in the country (Zylicz 78). Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. How can you benefit from that? (2020, June 2). To begin with, Poland has a stable government. However, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. Agriculture, energy, manufacturing, and tourism are some of the top industries. 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. Cases of abuse of authority are also common in the country (Ryan 274). All orders are processed in US Dollars only. In terms of labour costs, Poland is still one of the cheapest countries in Europe. London: Author-House, 2006. 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. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. 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. 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. It is an important member of the EU. 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). People of Poland have pioneered different scientific inventions and technological ideas. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. London: Edward Elgar Pub, 2000. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Polands per capita GDP was estimated at USD 15,629.88 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 33,747.36 for the year 2019. Read the information provided on our organised crime page. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. - How does Poland perform in terms of healthcare, income distribution, and education? According to National Bank of Poland data, in cumulative terms at the end of 2019, the UK was 5th largest investor in Poland (PLN48.1bn). . 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. 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. 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. Currency Conversion is for Indicative purpose only. 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. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. SWOT Analysis of Kelloggs (Kellogg Company), PESTEL analysis of the hospitality industry, https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income, https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline, https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html, https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. The Poland Economy' PEST Analysis. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Analysis of external factors. In 2020 Poland was ranked 55 out of 179 countries in the Index. IvyPanda. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. The main assumption of the PESTLE analysis . | Published by: MarketLine Print. The government has maintained the best conditions for doing business (Deck-Partyka 24). 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 strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). We use some essential cookies to make this website work. An Important Business Analysis Tool, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. student. The EUs 5th largest market by population, Poland enjoyed 28 years of unbroken growth prior to a slight downturn in 2020 due to the impact of the COVID pandemic; however the decline was relatively mild GDP fell by an estimated 2.8%, after growing at 4.5% in 2019. Information on key security and political risks which UK businesses may face when operating in Poland. It is a politically stable country and has become a success story in Europe. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. The GlobalData platform is our go-to tool for intelligence services. The economic landscape section outlines the evolution of Poland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment.". In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. The major challenge affecting the country is the high rate of unemployment. Looks like youve clipped this slide to already. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). 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. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. This will help us provide youwith answersso that you can purchase with confidence. take time-critical decisions. Poland has a massive broadcasting market. Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. 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. Czerny, Miroslawa. Dec 23 2020: 37: USD 350.00: New Cars in Peru . The database is updated daily, so anyone can easily find a relevant essay example. 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. Actual report cover may vary. Poland maintains very good relations with the United States. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. (2020) 'The Poland Economy' PEST Analysis'. 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%. 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. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Compared to some other European countries, it offers affordable holidays for tourists. 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. PEST analysis from a legal, economic . Many Poles speak English well, and have excellent technical skills. We utilize security vendors that protect and How does Poland perform in terms of healthcare, income distribution, and education? 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. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. You have accepted additional cookies. Politically stable, and member of the European Union and NATO, Poland is. 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. 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. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. 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 has developed a network of labour inspectorates. It will take only 2 minutes to fill in. Warsaw: Oxford University Press, 2004. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Herbener, Sabine. Santoshkumar Nair How does Poland perform in terms of healthcare, income distribution, and education? Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. This issue is being addressed both by Poland and the UK. To know more about the Poland macroeconomic outlook, download a free report sample. 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. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 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. The recent economic transformations have made the country successful. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate.
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