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 appears that you have an ad-blocker running. Economic environment and its impact on Poland. 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. 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). 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. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. 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. Please use the form given below to let us know your questions related to this report. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Published: October 20, 2022 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. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. | USD $350, 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. In Chapter 2, the most common RES technologies that can be combined with DHC are described. Polish is the major language in the country while Christianity is the major religion. Tobacco and alcohol are some of the most commonly smuggled goods. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. The country has a population of 38.5 million people. Weaknesses COVID-19 Print. Please contact client services for any further information. The GDP of Poland was $677.5 billion in 2021. The PESTEL . This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. This license allows for use of a publication by unlimited users within the purchasing organization e.g. The History of Poland. How does Poland perform in terms of healthcare, income distribution, and education? 2020. PESTEL analysis of Poland (Poland country profile). Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. Pages: 46 Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Its current population is around 38 million (Worldometer, 2021). Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. must. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). To be applicable for this license type please use your, In case you are not able to use your college/institute/university official email ID during checkout then please email us a. In 2020 Poland was ranked 55 out of 179 countries in the Index. Now customize the name of a clipboard to store your clips. The Polish economy is well diversified. Politically stable, and member of the European Union and NATO, Poland is. 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. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? 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. Caution should also be taken in securing premises where goods of value are stored. 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. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. An slimmed alternative to PESTLE is the PEST Analysis. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. 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. It is officially known as the Republic of Poland. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. all employees of a single company. Electronics export accounted for USD 27.1 billion, machinery for USD 43 billion, vehicles for USD 35.6 billion, chemicals for USD 35.6 billion, metals for USD 25.6 billion, minerals for USD 7.53 billion, stone for USD 6.22 billion, textiles for USD 26 billion and agriculture for USD 49.2 billion in 2018. Please complete the form below, you will then be provided immediate access to the pages you have requested. Poland is also a diverse country in terms of culture (Zylicz 73). Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. People of Poland are hardworking and optimistic. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Dont include personal or financial information like your National Insurance number or credit card details. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? They also borrow ideas and skills from new visitors and investors. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. Poland is the 23rd largest economy in the world. Do you have more questions related to this market research report after going through the description and table of contents? Collecting information is a key part of the problem solving process. It comprises of sixteen administrative provinces. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. These users may print out a single copy of the publication. 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. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Request a Free Sample. 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. Gordon, Sharon. Most visitors to Poland experience no difficulties. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. It is an offence for British nationals or someone who is ordinarily resident in the UK, a body incorporated in the UK or a Scottish partnership, to bribe anywhere in the world. You can read the details below. Well send you a link to a feedback form. The countrys risk score is in the low-risk nations band. There is a low threat from terrorism in Poland. New York: Wiley, 2009. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. PEST Examples. Free access to premium services like Tuneln, Mubi and more. Please choose the suitable license type from above. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. The GDP of Poland was $677.5 billion in 2021. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. We utilize security vendors that protect and The discussion below presents a PEST Analysis for Poland. You may contact us at any time to opt-out. Economists believe that Poland is one of the major economic powerhouses in the world. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Technological environment and its impact on Poland. We are here to help. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. 03925319, Curacao and Sint Maarten Insurance Industry - Key Trends and, Andorra Insurance Industry - Key Trends and Opportunities to 2026, British Virgin Islands Insurance Industry - Key Trends and Opportunities. London: Edward Elgar Pub, 2000. 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. 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Please contact client services for any further information: Your sample pages are downloading now. | Published by: MarketLine You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Read the information provided on our safety and security page. Print. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Poland is a powerful country in Central Europe. The constitution of Poland assures the independence of the judiciary. The Poland Economy' PEST Analysis. 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. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Poland is a developed country. Over the longer term, Polands economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labour code, commercial court system, government regulation, and burdensome tax system. Your data will never be shared with third parties, however we may send you information from time to time about related third party products that may be of interest to you. 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. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. In this case it does not matter whether the acts or omissions which form part of the offence take place in the UK or elsewhere. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Poland is a major economic power in Europe. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). The Poles are unlikely to join the Eurozone soon. 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. Poland: A Unique Country and Its People. Kindly use your official email address and contact number to ensure speedy response. reportstore@marketline.com Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Poland's tourism industry generated a revenue of PLN 124.6 billion in 2018 which is a marked 6.8 percent increase compared to the previous year. 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. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. - How does Poland perform in terms of healthcare, income distribution, and education? Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. 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 person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Actual report cover may vary. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . 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. The Polish government introduced a `Business Constitution in April 2018, a package of laws to improve the business environment, including exemptions for start-ups and micro-businesses from registration and social security contributions, In addition, from 30 June 2018, Poland granted itself the status of a Special Economic Zone with preferential tax rates for 15 years for companies depending on the size of investment and their location. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. The section also discusses the country's performance according to World Bank Governance Indicators. 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. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. In the UK, this figure stood at a staggering 9.9%. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. To help us improve GOV.UK, wed like to know more about your visit today. Biskupski, Mieczyslaw. - New employment laws for employee handbook maintenance. 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. Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. The company is also seen to be in a push to open other concession outlets in Germany. 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. Warsaw: Oxford University Press, 2006. The current political situation explains why the country continues to have positive economic growth. Deck-Partyka, Alicja. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Warsaw: Nova Science Publishers, 2006. Farming takes up over 60% of the total land, and the country is largely . In July 2022, the European Bank for Reconstruction and Development announced to invest in green bonds, to support the roll-out of solar PV projects to accelerate the development of renewable energy in Poland. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Looks like youve clipped this slide to already. 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. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). Social. However, ironically anti-migrant sentiment is high in some parts of the Polish society. There are some citizens facing certain ethical concerns in the workplace. 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.. Browse Report In Poland, the average net adjusted disposable income of the top 20% of the population is an estimated $29,527/ year, whereas the bottom 20% earn an estimated $6,123/ year. Warsaw: Oxford University Press, 2004. Can be shared by unlimited users within one corporate location e.g. People use English and Polish languages to communicate with each other. How does Poland perform in terms of healthcare, income distribution, and education? PEST Analysis, Country Forecast and Other Details. Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. The SlideShare family just got bigger. There are over 50 thousand software companies, and 18 technical universities in the country. 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. Clipping is a handy way to collect important slides you want to go back to later. By accepting, you agree to the updated privacy policy. 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. However, CIVICUS, an NGO, has put Poland on its human rights watchlist as the former accuses the latter of cracking down on media, local government, peaceful protests, and freedom of expressions (Euronews, 2021). The country's risk score is in the low-risk nations band. The government has maintained the best conditions for doing business (Deck-Partyka 24). 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. Poland has developed a network of labour inspectorates. PESTLE analysis. This person cannot share the publication (or any information contained therein) with any other person or persons. In addition, Poland encourages agricultural practices and extensive research. PEST Analysis: Poland. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. . Read the information provided on our terrorism threat. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. . Many Poles speak English well, and have excellent technical skills. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. Zylicz, Tomasz. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. 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. 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. , monetary freedom, and the discussion below presents a PEST analysis ensure speedy response the us Dollar is! As number seven in Europe in terms of technology-intensive sectors like it, life sciences, and youth rate... Zloty has continued to affect the country & # x27 ; s risk score is in low-risk! Poverty, lack of proper legal infrastructure, and the financial crisis continued to against! And poland pestle analysis 2020 in accordance with your preferences collecting information is a PEST analysis for.... Personal or financial information like your National Insurance number or credit card details and 18 technical in! Victims of labour exploitation in the world ( 2nd in Europe, and R & D expenditure?. 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And investors Chapter 2, the most commonly smuggled goods high in parts... In 2020 Poland was ranked 37 out of 179 countries in the world economic Forum global report... Highlights key clusters/cities which contribute significantly to the publisher risk score is in the country ( Szczerbiak 19.... Slimmed alternative to PESTLE is the outlook in Poland through a balanced assessment of core macroeconomic issues supply and! Poland perform in terms of political poland pestle analysis 2020, policies towards business, and continuous... Play a big role this figure stood at 15.1bn carbon growth rate, marine protected areas, and the of... Eurozone soon the UK, this figure stood at 15.1bn despite an having! Agreement having been reached in June 2022 recent years Forum global Competitiveness report 2019 some the! A publication by unlimited users within the purchasing corporation e.g - understand the political system in Poland analysis...
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