The next issue in the PESTEL analysis of Poland is the economic environment. 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. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 2020. Warsaw: Nova Science Publishers, 2006. The political situation in the country offers new opportunities for doing business (Herbener 12). 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. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. How can you benefit from that? He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. There are some citizens facing certain ethical concerns in the workplace. London: Author-House, 2006. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). PESTLE analysis. . Levels of organised crime in Poland remain low and most businesses will be unaffected. However, after several successive years in which Polands score and ranking improved in the [Transparency Internationals Corruption Perception Index (CPI)](http://www.transparency.org/reserach/cpi/overview, the countrys score decreased to 56 Points in 2020 from 58 Points in 2019. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. However, ironically anti-migrant sentiment is high in some parts of the Polish society. PRESENTATION For more insights on this report, download a free report sample, Exhibit 1: Polands performance in terms of its country risk analysis in comparison to East Europe and the World average, Exhibit 2: Performance overview (Score: 1-100), Exhibit 3: Broad categories and weights behind the index, Exhibit 4: Poland stock exchange index WIG index (October 2021 October 2022), Exhibit 5: Key sectors contribution to the economy (2017-24f), Exhibit 6: FDI inflows and outflows (2017-21) and inward FDI stocks by industry (2017-21), Exhibit 7: Cross-border merger and acquisition (M&A) and greenfield investment (2017-21), Exhibit 9: Real GDP and household consumption growth rate (2017-24f), Exhibit 10: Real GDP growth rate comparison (2021), Exhibit 11: Exports, imports and trade balance (2017-2024f), Exhibit 12: Current account balance (2017-24f), Exhibit 13: Top three commodity exports, % of total exports (2018-21), Exhibit 14: Machinery, mechanical appliances, nuclear reactors, boilers, % of worlds total (2021), Exhibit 15: Interest rates (September 2017 September 2022), Exhibit 16: Exchange rate and inflation (2017-24f), Exhibit 18: General government debt (2017-24f), Exhibit 20: Average annual wages (2017-24f), Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025), Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025), Exhibit 24: Gender split (1995, 2005, 2015, 2025), Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2021), Exhibit 26: Number of patents granted per million people (2021), Exhibit 27: High-technology exports, % of manufactured exports (2020), Exhibit 28: Doing business in Poland 2020, Exhibit 29: Corruption perception index (rankings) (2021), Exhibit 30: Renewable energy, installed capacity (2016-20). Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. 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. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. This makes the country one of the best places to invest (Czerny 37). Significant state ownership in some of Polands key industrial assets creates some market entry barriers. 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). - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? This report provides information about key macroeconomic indicators for Poland. You have rejected additional cookies. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? - How does Poland perform in terms of healthcare, income distribution, and education? 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. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. 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. All orders are processed in US Dollars only. Economic environment and its impact on Poland. Read the information provided on our Intellectual Property page. 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. 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. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Poland is estimated to have population of 37.935 million in the year 2020 and expected to reach 37.767 million by 2024, growing at a CAGR of 0.11%. IvyPanda. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 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. | Published by: MarketLine 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: A Unique Country and Its People. 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. By accepting, you agree to the updated privacy policy. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. In August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. Collecting information is a key part of the problem solving process. Peru, officially the Republic of Peru, is a country in western South America. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. The country has a population of 38.5 million people. The database is updated daily, so anyone can easily find a relevant essay example. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Political environment and its impact on Poland. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Poland is estimated to have population of 37.935 million in the year 2020 and expected to reach 37.767 million by 2024, growing at a CAGR of 0.11%. 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. 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. IvyPanda. Understand the political system in Poland through analysis of key figures in the country and governance indicators. In terms of labour costs, Poland is still one of the cheapest countries in Europe. 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. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. 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. Read the information provided on our organised crime page. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. 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. Poland is also a diverse country in terms of culture (Zylicz 73). As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. More details are given under tab "Report License Types" below. Tap here to review the details. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers., COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. This person cannot share the publication (or any information contained therein) with any other person or persons. These figures demonstrate how promising the e-commerce industry is in Poland. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. Actual report cover may vary. Polands unemployment rate was 3.279% of total labor force in 2019. | Published by: MarketLine We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. Please contact client services for any further information: Your sample pages are downloading now. How does Poland perform in terms of healthcare, income distribution, and education? To know more about the Poland macroeconomic outlook, download a free report sample. 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. All rights reserved LCHW. It is officially known as the Republic of Poland. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. all employees of a single company. Analysis of external factors. People of Poland have pioneered different scientific inventions and technological ideas. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Pages: 46 You can change your cookie settings at any time. Polands ease of doing business ranking improved from 33rd position in 2018. Zylicz, Tomasz. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. 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. 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 constitution of Poland assures the independence of the judiciary. Tobacco and alcohol are some of the most commonly smuggled goods. People use English and Polish languages to communicate with each other. Dont include personal or financial information like your National Insurance number or credit card details. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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. 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. 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. 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. 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 . 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. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. 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. Prasad, Eswar and Michael Keane. 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. 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. Poland is now among the fastest-growing economies in the European Union (EU). The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. In 2020 Poland was ranked 55 out of 179 countries in the Index. 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. Activate your 30 day free trialto unlock unlimited reading. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. 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