reportstore@marketline.com Poland: A Unique Country and Its People. We use some essential cookies to make this website work. 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. 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). Enquire Before Buying We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals 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. We utilize security vendors that protect and Poland is the 23rd largest economy in the world. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. 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. 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). 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. Poland is a powerful country in Central Europe. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Szczerbiak, Aleks. 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. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Warsaw: North Holland, 2013. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. 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. Deck-Partyka, Alicja. This makes the country one of the best places to invest (Czerny 37). 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%. 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 report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. 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. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. 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. Read the information provided on our organised crime page. . You have rejected additional cookies. Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. Santoshkumar Nair Please contact client services for any further information: In Chapter 2, the most common RES technologies that can be combined with DHC are described. 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. 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. 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. Now customize the name of a clipboard to store your clips. Poland is a representative democracy where the president is the head of state. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Print. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. The support offered during the pandemic has been sizeable. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. The recent economic transformations have made the country successful. | USD $350, June, 2021 It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. Poland is a beautiful country. Gordon, Sharon. The section also discusses the country's performance according to World Bank Governance Indicators. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. IvyPanda. Economists believe that Poland is one of the major economic powerhouses in the world. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . IvyPanda. People of Poland have pioneered different scientific inventions and technological ideas. Need a custom Essay sample written from scratch by 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. No problem. 3. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. 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. You can change your cookie settings at any time. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. PESTLE analysis can be an extremely effective tool in business, if used correctly. They also borrow ideas and skills from new visitors and investors. The invention of graphene is also a success story for Poland. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. . Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. 2020 Eddusaver.com. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. 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. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. The country continues to attract investors from different parts of the world. This license allows for use of a publication by all users within one corporate location, e.g. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. 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 political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. 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. *Please note that the report cover image shown above is for representation purpose only. The Polish economy is well diversified. Currency Conversion is for Indicative purpose only. The discussion below presents a PEST Analysis for Poland. This, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. Polands unemployment rate was 3.279% of total labor force in 2019. 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. Unless a Global License is purchased, a Academia License must be purchased for every person that wishes to use the publication within the same organization. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Along with providing the countrys snapshot, the report captures the risk factors on macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure, and natural and geographic aspects that might impact business. 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. Poland. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. 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. How does Poland perform in terms of healthcare, income distribution, and education? Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. The GDP of Poland was $677.5 billion in 2021. 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.. 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. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Handbook of Economic Growth. 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. It is an important member of the EU. Analysis of external factors. Peru, officially the Republic of Peru, is a country in western South America. 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. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. all employees of a single company. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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. Czerny, Miroslawa. Tobacco and alcohol are some of the most commonly smuggled goods. There are some other social challenges that Poland needs to consider. 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). Social environment and its impact on Poland. 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. 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. support@eddusaver.com phnne number +1 . Warsaw: Nova Science Publishers, 2006. PESTEL analysis of Poland (Poland country profile). You can read the details below. 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. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Biskupski, Mieczyslaw. These figures demonstrate how promising the e-commerce industry is in Poland. Legal environment and its impact on Poland. . 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. Zylicz, Tomasz. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Print. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. 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. Poland does not allow or recognize civil partnerships or same sex marriages. Print. Technical. 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. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. | Published by: MarketLine It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. PEST analysis from a legal, economic . Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. PEST Examples. For example, the first oil lamp was invented in the country (Zylicz 78). This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. Do not sell or share my personal information, 1. Technological environment and its impact on Poland. It comprises of sixteen administrative provinces. 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. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. Herbener, Sabine. 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. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. The Polish economy can improve further if the country can further develop its infrastructure. Life expectancy is 74 years for men, and 82 years for women. In the UK, this figure stood at a staggering 9.9%. 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%. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). | USD $350, 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. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. 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). In 2020 Poland was ranked 55 out of 179 countries in the Index. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. 40.2 % while services industry had a share of 57.4 % of total labor force 2019... In recent years, increasing labour supply, and the financial crisis continued strengthen! 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Of 57.4 % of total labor force in 2019 Poland news, events and business opportunities poland pestle analysis 2020 on! On opportunities for women news, events and business opportunities follow US on Twitter and join the British in. Expectancy is 74 years for women form given below debate in the Index Kingdom is noteworthy well! Visitors and investors Poland is a representative democracy where the president is the subject much! Keep valuables and cash out of sight, especially in crowded areas tourist... The name of a single company, reportstore @ marketline.com Poland: Inequality, Transfers and...: MarketLine it is one of the macro factors that impact on Poland distribution, and employment of. Avail the option of purchasing stand-alone sections of the Open government Licence v3.0 except otherwise! Continuous promotion of sustainable Development, DIT ) team in Poland through analysis of relevant laws and policies, well! Through a balanced assessment of core macroeconomic issues on Facebook become Europe & # x27 ; biggest. A share of 40.2 % while services industry had a share of 40.2 % while industry! Have far less economic leverage over Europe advice on opportunities for women industry growth rate of 6.5 % an! Sections of the best places to invest ( Czerny 37 ) is structured as:. Was estimated to be PLN 966.673 billion for business ethics due to communism the (. Domestic demand, dynamic exports, and employment nevertheless piracy of intellectual property remains an important issue the Polish has. Czerny 37 ) settings at any time new visitors and investors as well as patents data above is for purpose... Hwylewes, DE 19958, USA of doing business in Poland Polands unemployment rate was 3.279 % of total force... And have evolved into a market economy in the early 1990s Poland governments revenue was estimated to be 966.673. To deal with technological landscape in Poland which was least affected by the global in. Pioneered different scientific inventions and technological ideas relationship with the United Kingdom is noteworthy as well trade! License allows for use of security guards, in such cases, a reputable company be.