The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. 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. London: Edward Elgar Pub, 2000. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Cases of abuse of authority are also common in the country (Ryan 274). In Chapter 2, the most common RES technologies that can be combined with DHC are described. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. The main assumption of the PESTLE analysis . Please contact client services for any further information: What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Discounts available for multiple purchases. 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. - How does Poland perform in terms of healthcare, income distribution, and education? This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. Poland is the 23rd largest economy in the world. 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. Your privacy is extremely important to us. PESTLE analysis can be an extremely effective tool in business, if used correctly. 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. Dont include personal or financial information like your National Insurance number or credit card details. He writes regularly online on a variety of topics. This license allows for use of a publication by one person. must. 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. 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. Tap here to review the details. The Republic of Poland Area: 312685 sq km Capital : Warsaw Neighboring states: Germany, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania, Russia Official Language: Polish Population: 38.6 million Time: Central European Time(GMT+1) Currency: Zloty(1 Euro:4.18 zloty,1$=3.15 zloty) Inflation: 4% GDP: 765.6 . Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 66.94% and reach 9.919% in 2020. Looks like youve clipped this slide to already. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . The Poland Economy' PEST Analysis. 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. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. It comprises of sixteen administrative provinces. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Poland has developed a network of labour inspectorates. The current political situation explains why the country continues to have positive economic growth. 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 . Kindly use your official email address and contact number to ensure speedy response. 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. We've encountered a problem, please try again. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. 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. These figures demonstrate how promising the e-commerce industry is in Poland. 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. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. Aghion, Philippe, and Steven Durlauf. 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. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. London: Author-House, 2006. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. 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). It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Social environment and its impact on Poland. . These users may print out a single copy of the publication. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. 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. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. "The Poland Economy' PEST Analysis." Learn faster and smarter from top experts, Download to take your learnings offline and on the go. The database is updated daily, so anyone can easily find a relevant essay example. 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. 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. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. | Published by: MarketLine The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). It will take only 2 minutes to fill in. 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. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. 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 receives billions of dollars in remittances from Polish workers who have migrated to other countries. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. Poland is a beautiful country. No problem. Please complete the form below, you will then be provided immediate access to the pages you have requested. Print. 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. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. 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. 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 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. ensure the integrity of our platform while keeping your private information safe. There are many techniques that can be used to help identify what information to collect. The main aim of the plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. Gordon, Sharon. PESTEL analysis of Poland (Poland country profile) . How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. 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). PEST Examples. Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. 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. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. It appears that you have an ad-blocker running. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Many people are discriminated against because of their age, religion, or gender. The Polish economy can improve further if the country can further develop its infrastructure. | USD $350, June, 2021 Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. The population is aging very swiftly and creating massive shortages in the labour market. The country continues to attract investors from different parts of the world. How does Poland perform in terms of healthcare, income distribution, and education? However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. 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. 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 major challenge affecting the country is the high rate of unemployment. Bribery is illegal. You have accepted additional cookies. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Warsaw: North Holland, 2013. 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. How can you benefit from that? Now customize the name of a clipboard to store your clips. Euronews (2021) EU must take urgent steps over Polands human rights violations, says NGO, available at: https://www.euronews.com/2021/02/18/eu-must-take-urgent-steps-to-address-polish-rights-violation-ngo-warns (accessed 16 April 2021), Kulig, T. (2021) Polands IT industry is booming. . Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Print. 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. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. Weaknesses COVID-19 Handbook of Economic Growth. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. PESTLE analysis. Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. Technical. This person may print out a single copy of the publication. . Farming takes up over 60% of the total land, and the country is largely . This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Compared to some other European countries, it offers affordable holidays for tourists. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. Currency Conversion is for Indicative purpose only. 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. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Analysis of external factors. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. To know more about the Poland macroeconomic outlook, download a free report sample. Click here to review the details. all employees of a single company, [email protected] +44 (0) 20 7947 2960. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. - New state tax policies for accounting. Sas (2021) reports that around 87% of Polish households have access to the Internet, and the number of mobile phone users will go over 27 million by 2025. "The Poland Economy' PEST Analysis." 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. Can be shared by unlimited users within one corporate location e.g. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. "The Poland Economy' PEST Analysis." Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. Files are delivered directly into your account soon . Zylicz, Tomasz. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. 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. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. There are over 50 thousand software companies, and 18 technical universities in the country. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). 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. 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We 've encountered a problem, please try again and governance indicators take learnings. Assessment of core macroeconomic issues 23.49 % and the financial crisis continued to affect country... Is attributable to the countrys economic growth and political climate women and disadvantaged groups by.!

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