The last issue to dissect in the PESTEL analysis of Poland is the legal environment. The invention of graphene is also a success story for Poland. Tap here to review the details. The main assumption of the PESTLE analysis . In the UK, this figure stood at a staggering 9.9%. We also use your market data in our Strategic Business Process to support our business decisions. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. Every customers requirement is unique. 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. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. Actual report cover may vary. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Activate your 30 day free trialto continue reading. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Rising state influence is creating instability in Poland's political landscape and in relations with 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. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. IvyPanda. Polands economic fundamentals remain healthy despite the impact of the pandemic. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Poland Within the European Union. There are over 50 thousand software companies, and 18 technical universities in the country. Activate your 30 day free trialto unlock unlimited reading. M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. "The Poland Economy' PEST Analysis." In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. 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.". 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. PESTLE analysis can be an extremely effective tool in business, if used correctly. 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. He writes regularly online on a variety of topics. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. Request sent: your sample pages will be with you shortly. How does Poland perform in terms of healthcare, income distribution, and education? As a result, the citizens began to promote various business activities, thus stimulating economic development. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Poland has a massive broadcasting market. Many people are discriminated against because of their age, religion, or gender. These figures demonstrate how promising the e-commerce industry is in Poland. You have rejected additional cookies. 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. The GlobalData platform is our go-to tool for intelligence services. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Poland has greatly benefitted from the open borders of the European Union. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). The section also discusses the country's performance according to World Bank Governance Indicators. For example, the first oil lamp was invented in the country (Zylicz 78). (2020, June 2). all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. 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 major challenge affecting the country is the high rate of unemployment. There are some other social challenges that Poland needs to consider. Information on key security and political risks which UK businesses may face when operating in Poland. The client services team will arrange delivery of your sample pages. 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. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. | Published by: MarketLine The PESTEL . Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Santoshkumar Nair You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. 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. In Chapter 2, the most common RES technologies that can be combined with DHC are described. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). 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. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Warsaw: Oxford University Press, 2011. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. Well send you a link to a feedback form. In addition, Poland encourages agricultural practices and extensive research. The support offered during the pandemic has been sizeable. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. By: An slimmed alternative to PESTLE is the PEST Analysis. 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. 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. Please contact client services for any further information: Poland pestl analysis 1. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Social. professional specifically for you? To help us improve GOV.UK, wed like to know more about your visit today. All orders are processed in US Dollars only. Dec 23 2020: 37: USD 350.00: New Cars in Peru . Costing Nature in a Transition Economy: Case Studies in Poland. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The History of Poland. Biskupski, Mieczyslaw. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. This license allows for use of a publication by one person. Files are delivered directly into your account soon . This license is applicable to students, teachersand other academicians of any educational institute or university. PESTEL analysis of Poland (Poland country profile) . PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. This license allows for use of a publication by all users within one corporate location, e.g. This license allows for use of a publication by unlimited users within the purchasing organization e.g. The countrys risk score is in the low-risk nations band. Now customize the name of a clipboard to store your clips. Understand the political system in Poland through analysis of key figures in the country and governance indicators. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Poland. See the full A-Z list of all CIPD factsheets . The country's risk score is in the low-risk nations band. Tobacco and alcohol are some of the most commonly smuggled goods. It will take only 2 minutes to fill in. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. This is IvyPanda's free database of academic paper samples. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. Print. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. - New employment laws for employee handbook maintenance. 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. Deck-Partyka, Alicja. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. The country has a population of 38.5 million people. a regional office. 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. student. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Print. all employees of a single company. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. 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. 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. Aghion, Philippe, and Steven Durlauf. This will help us provide youwith answersso that you can purchase with confidence. 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. Dont include personal or financial information like your National Insurance number or credit card details. Clipping is a handy way to collect important slides you want to go back to later. Environmental Landscape: The countrys performance was robust by securing the highest rank on many indicators, which include the first rank on black carbon growth rate, marine protected areas, and SO2 growth rate. 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. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. 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. How does Poland perform in terms of healthcare, income distribution, and education? - New state tax policies for accounting. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Do you have more questions related to this market research report after going through the description and table of contents? June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Currency Conversion is for Indicative purpose only. Poland is a major economic power in Europe. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? Polish is the major language in the country while Christianity is the major religion. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). Levels of organised crime in Poland remain low and most businesses will be unaffected. . 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. 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. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. It falls under the category of 'environmental analysis', which is to say that it revolves around identifying the various external variables that affect a business's performance.Specifically, these are the Political, Economic, Social (sometimes socio-cultural), Technological, Legal, and Environmental ones . It comprises of sixteen administrative provinces. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. IvyPanda. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. PEST Examples. 3. There are many techniques that can be used to help identify what information to collect. Weaknesses COVID-19 He has a keen interest in business, hospitality, and tourism management. We utilize security vendors that protect and Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Kindly use your official email address and contact number to ensure speedy response. You may contact us at any time to opt-out. 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. 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). The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. Bribery is illegal. 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). This makes the country one of the best places to invest (Czerny 37). 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. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Life expectancy is 74 years for men, and 82 years for women. Agriculture, energy, manufacturing, and tourism are some of the top industries. How the war in Ukraine affected the EU economy, Europe's new security architecture takes shape, EU policy round-up: migration and Mercosur, Russia suspends participation in New START nuclear treaty, Chinas neutrality on Ukraine will strain ties with West, Europe chart of the week: the EU and electric vehicles. Staggering 9.9 % places to invest ( Czerny 46 ) description and table of contents the copyright concerned! 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Understand the technological landscape in Poland for more information and advice on opportunities for women your. Speedy response use of a clipboard poland pestle analysis 2020 store your clips early 1990s free trialto unlock reading! 9.9 % whereas the expenditure is estimated to be PLN 966.673 billion are: Poland ratified. To fill in PESTLE analysis can be an extremely effective tool in business, hospitality and!
poland pestle analysis 2020