Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. 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. 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. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. 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. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Report Code: GDER0026. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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. IvyPanda. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. The countrys risk score is in the low-risk nations band. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. 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). You have rejected additional cookies. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). 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. 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. Economic. professional specifically for you? Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Every customers requirement is unique. all employees of a single company. You can change your cookie settings at any time. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. The Polish economy is well diversified. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. 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. There are some other social challenges that Poland needs to consider. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Print. 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. The Polish economy can improve further if the country can further develop its infrastructure. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. We've encountered a problem, please try again. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. These users may print out a single copy of the publication. 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. We are here to help. 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.. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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. Czerny, Miroslawa. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. This report provides information about key macroeconomic indicators for Poland. Print. (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). - New state tax policies for accounting. More details are given under tab "Report License Types" below. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. "The Poland Economy' PEST Analysis." Print. They also borrow ideas and skills from new visitors and investors. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. 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. 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. 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. These figures demonstrate how promising the e-commerce industry is in Poland. 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. Looks like youve clipped this slide to already. You can read the details below. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. 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). student. Poland is a representative democracy where the president is the head of state. Well send you a link to a feedback form. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. 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. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. 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%. Copyright 2017 2025. 1. 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. The client services team will arrange delivery of your sample pages. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland: A Unique Country and Its People. Request a Free Sample. | USD $350, May, 2021 The GDP of Poland was $677.5 billion in 2021. 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. See the full A-Z list of all CIPD factsheets . Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. 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. The main assumption of the PESTLE analysis . In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. We've updated our privacy policy. Poland has developed a network of labour inspectorates. Request sent: your sample pages will be with you shortly. By accepting, you agree to the updated privacy policy. We utilize security vendors that protect and The Poland Economy' PEST Analysis. 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). Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. | Published by: MarketLine It appears that you have an ad-blocker running. Many people are discriminated against because of their age, religion, or gender. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. The population is aging very swiftly and creating massive shortages in the labour market. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Poland pestl analysis 1. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. This question is for testing whether you are a human visitor and to prevent automated spam submissions. (Zdeb et al., 2020). 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 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. I can advise you this service - www.HelpWriting.net Bought essay here. The constitution of Poland assures the independence of the judiciary. Please contact client services for any further information. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. 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. Electronics export accounted for USD 27.1 billion, machinery for USD 43 billion, vehicles for USD 35.6 billion, chemicals for USD 35.6 billion, metals for USD 25.6 billion, minerals for USD 7.53 billion, stone for USD 6.22 billion, textiles for USD 26 billion and agriculture for USD 49.2 billion in 2018. 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. 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. Poland Within the European Union. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. a regional office. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. Poland is now among the fastest-growing economies in the European Union (EU). +44 20 7947 2960. 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 strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. 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. 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). The country's risk score is in the low-risk nations band. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. 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). This license allows for use of a publication by all users within one corporate location, e.g. Clipping is a handy way to collect important slides you want to go back to later. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. We also use cookies set by other sites to help us deliver content from their services. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. All orders are processed in US Dollars only. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. The GlobalData platform is our go-to tool for intelligence services. Many Poles speak English well, and have excellent technical skills. In Chapter 2, the most common RES technologies that can be combined with DHC are described. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Polands unemployment rate was 3.279% of total labor force in 2019. Joe David has years of teaching experience both in the UK and abroad. take time-critical decisions. New York: Routledge, 2003. . Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. 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. Poland has not signed the Agreement on a Unified Patent Court. Poland is a major economic power in Europe. No problem. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. Polands 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. 3. 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? 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. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Caution should also be taken in securing premises where goods of value are stored. Poland became a democratic country in 1989. In addition, Poland encourages agricultural practices and extensive research. 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. Political environment and its impact on Poland. Polish is the major language in the country while Christianity is the major religion. IvyPanda. 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. For that purpose the PESTLE analysis was applied. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. 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. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. Poland is a powerful country in Central Europe. Tap here to review the details. The Polish economy is well diversified. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. Activate your 30 day free trialto continue reading. IvyPanda. Economists believe that Poland is one of the major economic powerhouses in the world. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. President Duda was first elected in May 2015 and re-elected in early July 2020 with 51% of the vote, beating the opposition candidate, the Mayor of Warsaw Rafal Trzaskowski. 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. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. | USD $350, June, 2021 Poland does not allow or recognize civil partnerships or same sex marriages. 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 . The political situation in the country offers new opportunities for doing business (Herbener 12). Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. The support offered during the pandemic has been sizeable. 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. It is an important member of the EU. Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.Synopsis. The major challenge affecting the country is the high rate of unemployment. 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. 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. Ryan, Leo. The Poles are unlikely to join the Eurozone soon. Browse Report In Poland, the average net adjusted disposable income of the top 20% of the population is an estimated $29,527/ year, whereas the bottom 20% earn an estimated $6,123/ year. | Published by: MarketLine Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. How the war in Ukraine affected the EU economy, Europe's new security architecture takes shape, EU policy round-up: migration and Mercosur, Russia suspends participation in New START nuclear treaty, Chinas neutrality on Ukraine will strain ties with West, Europe chart of the week: the EU and electric vehicles. Poland. 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. Agriculture, energy, manufacturing, and tourism are some of the top industries. Poland is a beautiful country. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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. New York: Wiley, 2009. 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. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Roll No: 16. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. PESTLE analysis. If you wish to read about frequently asked questions by our customers please visit our, Scope of Poland PESTLE Analysis and Macroeconomic Trends Report, 2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP, 2.2.6 Total Investment / Gross Capital Formation, 2.3.1 Consumer Price Index (CPI) Inflation, 2.4.1 Change in Import Volume of Goods & Services, 2.4.2 Change in Export Volume of Goods & Services, 4.1 Coronavirus (COVID-19) Containment Measures of Poland, 4.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Poland, 4.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Poland, 4.4 Coronavirus (COVID-19) Related Employment Policy Measures by Poland, 4.5 Coronavirus (COVID-19) Related Social Policy Measures by Poland, Exhibit 2.1 Population of Poland (in million), Exhibit 2.2 Unemployment Level in Poland (in %), Exhibit 2.3 Real GDP of Poland (in PLN billion), Exhibit 2.4 Nominal GDP of Poland (in PLN billion), Exhibit 2.5 Nominal GDP of Poland (in USD billion), Exhibit 2.6 GDP Deflator Index for Poland, Exhibit 2.7 Per Capita GDP of Poland (in USD), Exhibit 2.8 PPP Per Capita GDP of Poland (in USD), Exhibit 2.9 Total Investment of Poland (in %), Exhibit 2.10 Gross National Savings of Poland (in %), Exhibit 2.11 Gross National Savings of Poland (in %), Exhibit 2.12 Change in Import Volume of Goods & Services of Poland (in %), Exhibit 2.13 Change in Export Volume of Goods & Services of Poland (in %), Exhibit 2.14 Government Revenue of Poland (in PLN billion), Exhibit 2.15 Government Revenue of Poland (in % of GDP), Exhibit 2.16 Government Expenditure of Poland (in PLN billion), Exhibit 2.17 Government Expenditure of Poland (in % of GDP), Exhibit 2.18 Government Net Lending / Borrowing of Poland (in PLN billion), Exhibit 2.19 Government Net Lending / Borrowing of Poland (in % of GDP), Exhibit 2.20 Government Gross Debt of Poland (in PLN billion), Exhibit 2.21 Government Gross Debt of Poland (in % of GDP), Exhibit 2.22 Government Net Debt of Poland (in PLN billion), Exhibit 2.23 Government Net Debt of Poland (in % of GDP), Exhibit 2.24 Current Account Balance of Poland (in USD billion), Exhibit 2.25 Current Account Balance of Poland (in % of GDP), Exhibit 2.26 Poland - Ease of Doing Business Ranking from 2008-2019, Exhibit 3.1 Poland Top 10 Export Countries (in USD billion) & % Share, Exhibit 3.2 Poland Top 10 Import Countries (in USD billion) & % Share. 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