Analysis of external factors. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Handbook of Economic Growth. New York: Routledge, 2003. Dont include personal or financial information like your National Insurance number or credit card details. 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. Print. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. Poland has not signed the Agreement on a Unified Patent Court. 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). 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. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. Technical. It appears that you have an ad-blocker running. 2020. Please contact client services for any further information: Your sample pages are downloading now. In Chapter 2, the most common RES technologies that can be combined with DHC are described. Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization. Pages: 46 How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. You may contact us at any time to opt-out. Clipping is a handy way to collect important slides you want to go back to later. Read the information provided on our organised crime page. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. Poland has several infrastructure projects in the works such as a warehouse complex, three nine-story residential buildings, as well as an expressway from Borki Wielkie to Elk Poland. 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. 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. An slimmed alternative to PESTLE is the PEST Analysis. 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. Activate your 30 day free trialto continue reading. Gordon, Sharon. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Need a custom Essay sample written from scratch by This is IvyPanda's free database of academic paper samples. "The Poland Economy' PEST Analysis." Learn how to effectively navigate the market research process to help guide your organization on the journey to success. 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. Poland. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. 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. Poland has greatly benefitted from the open borders of the European Union. 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. 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. Most visitors to Poland experience no difficulties. Since 1990, the countrys economy has been growing exponentially. According to Gordon (23), Poland is one of the best countries to consider for international business. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. 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. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. The GlobalData platform is our go-to tool for intelligence services. 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. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. We are here to help. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. Aghion, Philippe, and Steven Durlauf. Czerny, Miroslawa. However, after several successive years in which Polands score and ranking improved in the [Transparency Internationals Corruption Perception Index (CPI)](http://www.transparency.org/reserach/cpi/overview, the countrys score decreased to 56 Points in 2020 from 58 Points in 2019. 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). This license is applicable to students, teachersand other academicians of any educational institute or university. 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. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? In March 2020, Polish authorities indicated they were planning to sue a group of LGBT rights activists who had created an "Atlas of Hate," which mapped anti-LGBT provisions that had been. 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. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. You are free to use it for research and reference purposes in order to write your own paper; however, you Poland is a developed country. 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. People of Poland have pioneered different scientific inventions and technological ideas. Poland has a massive broadcasting market. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. reportstore@marketline.com Deck-Partyka, Alicja. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. It comprises of sixteen administrative provinces. Published: October 20, 2022 We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. The section also discusses the country's performance according to World Bank Governance Indicators. Economic environment and its impact on Poland. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Biskupski, Mieczyslaw. 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. By: Many people are discriminated against because of their age, religion, or gender. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. The country has a population of 38.5 million people. 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. The next issue in the PESTEL analysis of Poland is the economic environment. Please check our Privacy Policy to see how we protect and manage your submitted data. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. PEST Examples. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Free access to premium services like Tuneln, Mubi and more. 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. To begin with, Poland has a stable government. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. 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. There is a low threat from terrorism in Poland. 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. In addition, Poland encourages agricultural practices and extensive research. 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. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. Tobacco and alcohol are some of the most commonly smuggled goods. 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. Politically stable, and member of the European Union and NATO, Poland is. Cases of abuse of authority are also common in the country (Ryan 274). On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). 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. 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. 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. All orders are processed in US Dollars only. 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. 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. It is an important member of the EU. 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. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. This question is for testing whether you are a human visitor and to prevent automated spam submissions. (2020) 'The Poland Economy' PEST Analysis'. 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. There are some other social challenges that Poland needs to consider. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Roll No: 16. 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 main assumption of the PESTLE analysis . Political environment and its impact on Poland. Levels of organised crime in Poland remain low and most businesses will be unaffected. Poland. At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. Print. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Szczerbiak, Aleks. Collecting information is a key part of the problem solving process. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. 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. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. - How does Poland perform in terms of healthcare, income distribution, and education? Social. The Polish economy can improve further if the country can further develop its infrastructure. 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. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. In addition, a commercial organisation carrying on a business in the UK can be liable for the conduct of a person who is neither a UK national or resident in the UK or a body incorporated or formed in the UK. Print. Economic. 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