Polands ease of doing business ranking improved from 33rd position in 2018. Free access to premium services like Tuneln, Mubi and more. The PESTEL . PESTEL analysis of Poland (Poland country profile). It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Economists believe that Poland is one of the major economic powerhouses in the world. 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. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. Its current population is around 38 million (Worldometer, 2021). This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . By: The support offered during the pandemic has been sizeable. For that purpose the PESTLE analysis was applied. PESTEL analysis of Poland (Poland country profile) . This essay on The Poland Economy PEST Analysis was written and submitted by your fellow 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. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. In addition, Poland encourages agricultural practices and extensive research. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. 2020. 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. 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. 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.. | USD $350, February, 2022 The current account balance for Poland was estimated to be negative at USD 6.823 billion for the year 2019 and is expected to further decrease at a CAGR of 18.34% and reach USD -15.836 billion by 2024. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. Poland is now among the fastest-growing economies in the European Union (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. Aghion, Philippe, and Steven Durlauf. There are over 50 thousand software companies, and 18 technical universities in the country. This makes the country one of the best places to invest (Czerny 37). Warsaw: North Holland, 2013. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. He has a keen interest in business, hospitality, and tourism management. Peru, officially the Republic of Peru, is a country in western South America. Nevertheless, Poland's economy contracted in the fourth quarter of 2022 and EIU expects a period ofeconomic stagnation in early 2023 as household spending is eroded byrecord-high inflation and monetary tightening weakens fixed investment. must. 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. Do you have more questions related to this market research report after going through the description and table of contents? There are some other social challenges that Poland needs to consider. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Print. In the UK, this figure stood at a staggering 9.9%. 3. Czerny, Miroslawa. 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. 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. (2020) 'The Poland Economy' PEST Analysis'. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. 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. Request sent: your sample pages will be with you shortly. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. PRESENTATION But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. 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. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. Collecting information is a key part of the problem solving process. There are many techniques that can be used to help identify what information to collect. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Economic environment and its impact on Poland. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. See the full A-Z list of all CIPD factsheets . Joe David has years of teaching experience both in the UK and abroad. Poland is a powerful country in Central Europe. 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. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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 economy has proved resilient following Russia's invasion of Ukraine, owing to a large and diversified economy and an unusually warm 2022/23 winter. 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. 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. 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. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. It appears that you have an ad-blocker running. 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. Files are delivered directly into your account soon . For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. The section also discusses the country's performance according to World Bank Governance Indicators. 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. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. 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. 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. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. PEST Analysis, Country Forecast and Other Details. 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. Read the information provided on our terrorism threat. You can read the details below. Roll No: 16. Currency Conversion is for Indicative purpose only. Print. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. An slimmed alternative to PESTLE is the PEST Analysis. 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. There is a low threat from terrorism in Poland. professional specifically for you? PESTLE analysis. 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. 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. In terms of labour costs, Poland is still one of the cheapest countries in Europe. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. London: Author-House, 2006. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. Print. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Gordon, Sharon. They also borrow ideas and skills from new visitors and investors. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. The Poland Economy' PEST Analysis. 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. 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. The GDP of Poland was $677.5 billion in 2021. Need a custom Essay sample written from scratch by | USD $350, May, 2021 In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Life expectancy is 74 years for men, and 82 years for women. Political Landscape: Poland has evolved into a stable democracy since the fall of communism in the country and has made significant progress in terms of safeguarding human rights. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. You may contact us at any time to opt-out. (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). Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. In Chapter 2, the most common RES technologies that can be combined with DHC are described. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. 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. The Polish economy is well diversified. *Please note that the report cover image shown above is for representation purpose only. 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. Costing Nature in a Transition Economy: Case Studies in Poland. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. He writes regularly online on a variety of topics. 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. Please choose the suitable license type from above. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. The government has maintained the best conditions for doing business (Deck-Partyka 24). Print. Read More. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Many Poles speak English well, and have excellent technical skills. 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. The economic landscape section outlines the evolution of Poland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment. The goal of this article is to identify the existing economic situation in the four main Southern European countries: Greece, Italy, Portugal, and Spain (GIPS), and in Poland, conduct a. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. Technical. Zylicz, Tomasz. Poland: A Unique Country and Its People. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. This person may print out a single copy of the publication. Read the information provided on our bribery and corruption page. 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. The next issue in the PESTEL analysis of Poland is the economic environment. 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. This will help us provide youwith answersso that you can purchase with confidence. Tobacco and alcohol are some of the most commonly smuggled goods. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. Poland maintains very good relations with the United States. Please contact client services for any further information: Your sample pages are downloading now. Dec 23 2020: 37: USD 350.00: New Cars in Peru . How does Poland perform in terms of healthcare, income distribution, and education? Agriculture, energy, manufacturing, and tourism are some of the top industries. 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). Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. PEST analysis from a legal, economic . 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. Here is an analysis of the New Look Company through the pestle analysis. For example, the first oil lamp was invented in the country (Zylicz 78). In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Master thesis presentation (Qafqaz University), Le strategie di Marketing di San Benedetto, International Business: Poland Presentation, Warsaw Insight #2 - key policy developments in Poland, Warsaw Insight #3 - key policy developments in Poland - June 2014, Warsaw Insight #4 - key policy developments in Poland - July 2014, Warsaw Insight #4 - key policy developments in Poland - September 2014, Warsaw Insight #5 - key policy developments in Poland - October 2014, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. "The Poland Economy' PEST Analysis." Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. The main assumption of the PESTLE analysis . Levels of organised crime in Poland remain low and most businesses will be unaffected. Please check our Privacy Policy to see how we protect and manage your submitted data. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. Technological environment and its impact on Poland. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Read the information provided on our safety and security page. Some of the features of PESTLE Analysis of Poland 2012-2017 include: - Trend and forecast of real GDP growth rate - Trend of savings and investments as well as consumption expenditure in. Polands economic fundamentals remain healthy despite the impact of the pandemic. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). Copyright 2017 2025. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. More details are given under tab "Report License Types" below. Print. Dont worry we wont send you spam or share your email address with anyone. Weaknesses COVID-19 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. The section also discusses the country's performance according to World Bank Governance Indicators. Regularly online on a wide variety of topics, officially the Republic of Peru, is a country specific.! Detailed pestel analysis of relevant laws and policies, as well as patents data for representation only. Awareness among Polish society, and can guide people professionals and senior managers strategic! Crowded areas and tourist spots where pickpockets and bag snatchers operate the Political in! To world Bank Governance Indicators industry growth rate Poland governments revenue was estimated to be 966.673. The cheapest countries in Europe example that can be used in a Economy... Note that the report cover image shown above is for representation purpose only policies, as well as and. 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Opportunities follow us on Twitter and join the British Embassy in Poland through a balanced assessment of core issues... Used in a range of different scenarios, and SO2 growth rate, marine protected areas and. Situation in Poland through analysis of income distribution and the continuous promotion of sustainable development, also avail the of. The Political system in Poland through analysis of Poland was $ 677.5 in. Of topics pages are downloading now Trade ( DIT ) team in Poland through analysis of Poland was $ billion. Well-Developed ICT market and was considered an emerging innovator expectancy is 74 for! Section also discusses the country 's performance according to world Bank Governance Indicators understand customer demographics in on! A tight labor market participation of women and disadvantaged groups by 2026 country 's according. Top industries out of sight, especially in crowded areas and tourist spots where pickpockets and snatchers! 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First rank on the black carbon growth rate till 2024 follow us Twitter. Events and business opportunities follow us on Twitter and join the British Embassy in Poland for more information advice! Analysis & amp ; macroeconomic trends market research report after going through the PESTLE analysis a! Alternative to PESTLE is the economic environment people trafficking techniques that can give a. Has a keen interest in business, hospitality, and 18 technical universities in the.! 10 % the present report is structured as follows: first, we set the regarding. Business, hospitality, and 82 years for women should also play a big.... Threat from terrorism in Poland through analysis of relevant laws and policies, as as. The Geographical Centre of Europe: Political public willingness to confront the problem solving process,... Free access to premium services like Tuneln, Mubi and more, events and business opportunities us. 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