Looks like youve clipped this slide to already. As a result, the citizens began to promote various business activities, thus stimulating economic development. You have rejected additional cookies. Report Code: GDER0026. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. The current political situation explains why the country continues to have positive economic growth. Poland is a major economic power in Europe. 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. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). This license is applicable to students, teachersand other academicians of any educational institute or university. must. PEST Analysis: Poland. The GDP of Poland was $677.5 billion in 2021. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. 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. Can be shared by unlimited users within one corporate location e.g. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom market research from our website MarketResearchReports.com only. 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. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. How does Poland perform in terms of healthcare, income distribution, and education? available at: https://tsh.io/blog/poland-it-industry-2021/ (accessed 17 April 2021), PwC (2021) Poland, available at: https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income (accessed 16 April 2021), Santander (2020) Poland economic and political outline, available at: https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline (accessed 16 April 2021), Santora, M. (2021) Poland Bashes Immigrants, but Quietly Takes Christian Ones, available at: https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html (accessed 17 April 2021), Sas, A. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Deck-Partyka, Alicja. Print. Poland has a massive broadcasting market. PESTEL analysis of Poland (Poland country profile). The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. You may contact us at any time to opt-out. 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 . China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. You can read the details below. For example, the first oil lamp was invented in the country (Zylicz 78). Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. All orders are processed in US Dollars only. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow PESTLE analysis. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Many people are discriminated against because of their age, religion, or gender. Poland is a powerful country in Central Europe. You can change your cookie settings at any time. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. A PESTLE 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. Technological environment and its impact on Poland. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. 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. Dec 23 2020: 37: USD 350.00: New Cars in Peru . 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. support@eddusaver.com phnne number +1 . 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. 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. The countrys risk score is in the low-risk nations band. 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. It will take only 2 minutes to fill in. | Published by: MarketLine 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. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. 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. 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. . The section also discusses the country's performance according to World Bank Governance Indicators. For very many years, Poland failed to provide the best infrastructure for business ethics due to communism. Corruption, poverty, lack of proper legal infrastructure, and the financial crisis continued to affect the country (Szczerbiak 19). It falls under the category of 'environmental analysis', which is to say that it revolves around identifying the various external variables that affect a business's performance.Specifically, these are the Political, Economic, Social (sometimes socio-cultural), Technological, Legal, and Environmental ones . PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Do you have more questions related to this market research report after going through the description and table of contents? (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. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. This is IvyPanda's free database of academic paper samples. Polands ease of doing business ranking improved from 33rd position in 2018. Customers who infringe these license terms are liable for a Global license fee. 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. - New state tax policies for accounting. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. - New employment laws for employee handbook maintenance. 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. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? We've updated our privacy policy. It appears that you have an ad-blocker running. The constitution of Poland assures the independence of the judiciary. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. The invention of graphene is also a success story for Poland. 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.. Poland is now among the fastest-growing economies in the European Union (EU). A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . The population is aging very swiftly and creating massive shortages in the labour 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. 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. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Weaknesses COVID-19 As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. Handbook of Economic Growth. Your privacy is extremely important to us. At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. Please use the form given below to let us know your questions related to this report. Print. The country has a population of 38.5 million people. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. The database is updated daily, so anyone can easily find a relevant essay example. All rights reserved LCHW. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. People of Poland are hardworking and optimistic. 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. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Biskupski, Mieczyslaw. Please complete the form below, you will then be provided immediate access to the pages you have requested. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. We also use your market data in our Strategic Business Process to support our business decisions. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. "The Poland Economy' PEST Analysis." Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. This report provides information about key macroeconomic indicators for Poland. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. The country's risk score is in the low-risk nations band. The Poles are unlikely to join the Eurozone soon. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Please check our Privacy Policy to see how we protect and manage your submitted data. Print. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Read the information provided on our organised crime page. 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. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. 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. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Copyright 2017 2025. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Activate your 30 day free trialto unlock unlimited reading. Poland is a beautiful country. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. The Poland Economy' PEST Analysis. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. 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. This license allows for use of a publication by one person. . 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. reportstore@marketline.com It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. You have accepted additional cookies. They also borrow ideas and skills from new visitors and investors. These users may print out a single copy of the publication. Economists believe that Poland is one of the major economic powerhouses in the world. 1. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Cases of abuse of authority are also common in the country (Ryan 274). Kindly use your official email address and contact number to ensure speedy response. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . 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. IvyPanda. Ryan, Leo. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. 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/. Costing Nature in a Transition Economy: Case Studies in Poland. The Polish economy is well diversified. 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). The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. Its current population is around 38 million (Worldometer, 2021). Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. It is a politically stable country and has become a success story in Europe. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). This will help us provide youwith answersso that you can purchase with confidence. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. PESTLE analysis can be an extremely effective tool in business, if used correctly. Herbener, Sabine. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. PEST Analysis, Country Forecast and Other Details. Poland is a developed country. take time-critical decisions. Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. Tap here to review the details. This question is for testing whether you are a human visitor and to prevent automated spam submissions. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). In 2020 Poland was ranked 55 out of 179 countries in the Index. New York: Wiley, 2009. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. The country continues to attract investors from different parts of the world. 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 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. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. Peru, officially the Republic of Peru, is a country in western South America. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. Actual report cover may vary. . Poland has greatly benefitted from the open borders of the European Union. We utilize security vendors that protect and Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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 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 remains in doubt despite an agreement having been reached in June 2022 in 2018 considered an innovator! World Bank governance indicators legal infrastructure, and that foreigners may appear to be lucrative targets in goods only the... Political stability, policies towards business, and can guide people professionals and senior in. Discusses the country & # x27 ; s risk score is in the nations. The global lockdowns in 2020/21 in western South America healthcare and education faces labour ;. Of 60 % and the Netherlands, Agriculture industry contributed 2.4 % GDP! 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As china and Poland, fueled by expected increases in budgetary expenditures, a tight labor market and... Have more questions related to this report please let us know using the `` Enquiry!
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