We also use cookies set by other sites to help us deliver content from their services. - How does Poland perform in terms of healthcare, income distribution, and education? Please choose the suitable license type from above. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. 2020. We use some essential cookies to make this website work. 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). 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. The discussion below presents a PEST Analysis for Poland. You can read the details below. Poland: A Unique Country and Its People. Political environment and its impact on Poland. It is officially known as the Republic of Poland. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. However, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Levels of organised crime in Poland remain low and most businesses will be unaffected. Please contact client services for any further information: Your sample pages are downloading now. Poland has a massive broadcasting market. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. Poland Within the European Union. 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. 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 political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. 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. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. PESTEL analysis of Poland (Poland country profile). You are free to use it for research and reference purposes in order to write your own paper; however, you Please check our Privacy Policy to see how we protect and manage your submitted data. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . The Polish economy is well diversified. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. 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. "The Poland Economy' PEST Analysis." Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. To begin with, Poland has a stable government. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. 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. Social. 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. 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. Read More. 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). Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Dec 23 2020: 37: USD 350.00: New Cars in Peru . Clipping is a handy way to collect important slides you want to go back to later. 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. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Every customers requirement is unique. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. must. 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. Dont include personal or financial information like your National Insurance number or credit card details. 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. The main assumption of the PESTLE analysis . 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. This person may print out a single copy of the publication. 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. The GlobalData platform is our go-to tool for intelligence services. The countrys risk score is in the low-risk nations band. For example, the first oil lamp was invented in the country (Zylicz 78). 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. This license allows for use of a publication by one person. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. The next issue in the PESTEL analysis of Poland is the economic environment. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. This will help us provide youwith answersso that you can purchase with confidence. 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.
Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. . "The Poland Economy' PEST Analysis." 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. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. - New employment laws for employee handbook maintenance. In August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. Poland 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%. As a result, the citizens began to promote various business activities, thus stimulating economic development. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. 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. You can change your cookie settings at any time. This is IvyPanda's free database of academic paper samples. (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). In the 2019 parliamentary elections, PiS once again won an outright majority in the Lower House but narrowly lost control of the Upper House to the opposition. 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. There are over 50 thousand software companies, and 18 technical universities in the country. 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%. 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). Poland is also a diverse country in terms of culture (Zylicz 73). Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Poland will hold a parliamentary election in November, which will be a tightly fought contest between the incumbent Law and Justice (PiS) party and the opposition Civic Platform (PO). Polands growth has been driven by strong domestic demand, dynamic exports, improved productivity, foreign investment, a stable banking system, and a significant inflow of EU cohesion funds. 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. Its current population is around 38 million (Worldometer, 2021). Gordon, Sharon. Polands ease of doing business ranking improved from 33rd position in 2018. Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 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. 3. 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. The database is updated daily, so anyone can easily find a relevant essay example. Read the information provided on our terrorism threat. Economists believe that Poland is one of the major economic powerhouses in the world. This makes the country one of the best places to invest (Czerny 37). Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). An Important Business Analysis Tool, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. PRESENTATION This essay on The Poland Economy PEST Analysis was written and submitted by your fellow By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. The section also discusses the country's performance according to World Bank Governance Indicators. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. The GDP of Poland was $677.5 billion in 2021. 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. 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. Cases of abuse of authority are also common in the country (Ryan 274). The Poland Economy' PEST Analysis. We've encountered a problem, please try again. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Economic. More details are given under tab "Report License Types" below. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Looks like youve clipped this slide to already. There are some citizens facing certain ethical concerns in the workplace. support@eddusaver.com phnne number +1 . To be applicable for this license type please use your, In case you are not able to use your college/institute/university official email ID during checkout then please email us a. Copyright 2017 2025. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. The country also enjoys the best cuisines, traditional practices, and religious beliefs. "The Poland Economy' PEST Analysis." Read the information provided on our safety and security page. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. Poland is now among the fastest-growing economies in the European Union (EU). 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. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. Poland'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. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. There is a low threat from terrorism in Poland. 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. While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. Request a Free Sample. reportstore@marketline.com PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Need a custom Essay sample written from scratch by London: Edward Elgar Pub, 2000. *Please note that the report cover image shown above is for representation purpose only. New York: Wiley, 2009. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. | USD $350, June, 2021
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(2020) 'The Poland Economy' PEST Analysis'. Poland. Customers who infringe these license terms are liable for a Global license fee. 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. People of Poland are hardworking and optimistic. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. At any time % of total labor force in Poland through analysis income... A diverse country in terms of culture ( Zylicz 78 ) anyone can easily a. 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