People of Poland are hardworking and optimistic. 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. *Please note that the report cover image shown above is for representation purpose only. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. Report Code: GDER0026. Warsaw: Nova Science Publishers, 2006. Warsaw: North Holland, 2013. 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. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Poland is a powerful country in Central Europe. Poland: A Unique Country and Its People. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). If you are looking for a market research solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our market research consultants or directly write to us. You can read the details below. 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. Need a custom Essay sample written from scratch by Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. 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. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Print. As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Santoshkumar Nair Understand the political system in Poland through analysis of key figures in the country and governance indicators. Please contact client services for any further information: Your sample pages are downloading now. reportstore@marketline.com The support offered during the pandemic has been sizeable. Print. 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. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with Poland is a representative democracy where the president is the head of state. The Poland Economy' PEST Analysis. 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. Caution should also be taken in securing premises where goods of value are stored. 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. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Herbener, Sabine. 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. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Its current population is around 38 million (Worldometer, 2021). I can advise you this service - www.HelpWriting.net Bought essay here. Dont include personal or financial information like your National Insurance number or credit card details. | USD $350, June, 2021 Poland has not signed the Agreement on a Unified Patent Court. 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. The GDP of Poland was $677.5 billion in 2021. 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. student. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). The Poles are unlikely to join the Eurozone soon. London: Author-House, 2006. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. Free access to premium services like Tuneln, Mubi and more. 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). Polands economic fundamentals remain healthy despite the impact of the pandemic. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Enquire Before Buying The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Request a Free Sample. The population is aging very swiftly and creating massive shortages in the labour market. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. Agriculture, energy, manufacturing, and tourism are some of the top industries. 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 has greatly benefitted from the open borders of the European Union. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. Print. Do you have more questions related to this market research report after going through the description and table of contents? GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. 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. 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. (Zdeb et al., 2020). Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? Ryan, Leo. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Poland pestl analysis 1. Pages: 46 This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. 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. People of Poland have pioneered different scientific inventions and technological ideas. These employees of purchasing organization can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. 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). (2020) 'The Poland Economy' PEST Analysis'. a regional office. We also use your market data in our Strategic Business Process to support our business decisions. The History of Poland. Tap here to review the details. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. 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. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. 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. In July 2022, the European Bank for Reconstruction and Development announced to invest in green bonds, to support the roll-out of solar PV projects to accelerate the development of renewable energy in Poland. 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. Life expectancy is 74 years for men, and 82 years for women. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. 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). As a result, the citizens began to promote various business activities, thus stimulating economic development. | Published by: MarketLine Print. 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. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. The Polish Information and Foreign Investment Agency (in English) covers a wide range of economic and business areas, including information on doing business in Poland, economic statistics, trends, foreign trade details, inter-EU trade and a breakdown by industry and sector. The country has a population of 38.5 million people. Warsaw: Oxford University Press, 2006. Agriculture, energy, manufacturing, and tourism are some of the top industries. This license allows for use of a publication by one person. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. However, CIVICUS, an NGO, has put Poland on its human rights watchlist as the former accuses the latter of cracking down on media, local government, peaceful protests, and freedom of expressions (Euronews, 2021). Warsaw: Oxford University Press, 2011. PESTEL analysis of Poland (Poland country profile) . Weaknesses COVID-19 Do not sell or share my personal information, 1. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. These users may print out a single copy of the publication. He has a keen interest in business, hospitality, and tourism management. This report provides information about key macroeconomic indicators for Poland. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. 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. 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. 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. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). 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 the medium term, there will be a need to consolidate debt and spending without stifling economic growth. 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. New York: Routledge, 2003. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. It is a politically stable country and has become a success story in Europe. We also use cookies set by other sites to help us deliver content from their services. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. - New employment laws for employee handbook maintenance. 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. Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal, and environmental (PESTLE) structure. The Polish economy can improve further if the country can further develop its infrastructure. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Copyright 2017 2025. Politically stable, and member of the European Union and NATO, Poland is. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. 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. "The Poland Economy' PEST Analysis." 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). Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. 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. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Handbook of Economic Growth. 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. 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. Read the information provided on our terrorism threat. Please contact client services for any further information. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. 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. IvyPanda. | USD $350, February, 2022 It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. . Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Print. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Here is an analysis of the New Look Company through the pestle analysis. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. Information on key security and political risks which UK businesses may face when operating in Poland. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). 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. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. The recent economic transformations have made the country successful. 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. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. You have accepted additional cookies. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Levels of organised crime in Poland remain low and most businesses will be unaffected. 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. 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 number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. This 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. 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. 2020 Eddusaver.com. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. The country's risk score is in the low-risk nations band. It comprises of sixteen administrative provinces. It appears that you have an ad-blocker running. 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. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. (2020, June 2). No problem. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Can be shared by unlimited users within one corporate location e.g. 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. He writes regularly online on a variety of topics. 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. Political environment and its impact on Poland. Collecting information is a key part of the problem solving process. Background: The correct analysis of COVID-19 predictors could substantially improve the clinical decision-making process and enable emergency department patients at higher mortality risk to be identified. Warsaw: Oxford University Press, 2004. Disadvantaged groups by 2026 Anti-Corruption Bureau has been set up and reports in accordance with your preferences 57.4 of. 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