It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. 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. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . 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. Economic environment and its impact on Poland. 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. The population is aging very swiftly and creating massive shortages in the labour market. 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. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. People of Poland are hardworking and optimistic. 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. 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. Dont worry we wont send you spam or share your email address with anyone. Santoshkumar Nair Polands unemployment rate was 3.279% of total labor force in 2019. take time-critical decisions. 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. These users may print out a single copy of the publication. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. 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). 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. 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. India Emerges as a Major Contender in Lithium Mining with 5.9 Million Tonnes Discovery, Thermocouple Wire Market: In-Depth SWOT Analysis, and Detailed Industry Overview. PEST analysis from a legal, economic . By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). People of Poland have pioneered different scientific inventions and technological ideas. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. London: Author-House, 2006. Moreover, the country allocated money to improve access to childcare for children up to the age of three years by creating several new places in nurseries and childrens clubs and establishing a new set of quality standards for childcare, including educational guidelines. The section also discusses the country's performance according to World Bank Governance Indicators. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. "The Poland Economy' PEST Analysis." This is IvyPanda's free database of academic paper samples. To begin with, Poland has a stable government. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. 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). IvyPanda. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. April, 2021 Read More. He writes regularly online on a variety of topics. The country has a population of 38.5 million people. 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. +44 20 7947 2960. I can advise you this service - www.HelpWriting.net Bought essay here. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Herbener, Sabine. 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. Szczerbiak, Aleks. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. 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. 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. Information on key security and political risks which UK businesses may face when operating in Poland. 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. The government aims to get Poland out of the middle-income trap and transform it into a high-tech, knowledge-based heavyweight economic player, by mobilising domestic capital and creating innovative Polish national champions in sectors such as e-mobility, shipbuilding and automotive. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? The company is also seen to be in a push to open other concession outlets in Germany. Print. Kindly use your official email address and contact number to ensure speedy response. This, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. "The Poland Economy' PEST Analysis." You can read the details below. Here is an analysis of the New Look Company through the pestle analysis. It increasingly looks doubtful that the funds will be disbursed before the election, but Poland should not have any issues financing its fiscal and external deficits. 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. all employees of a single company. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. How does Poland perform in terms of healthcare, income distribution, and education? Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. ensure the integrity of our platform while keeping your private information safe. | 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. "The Poland Economy' PEST Analysis." Print. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Poland has developed a network of labour inspectorates. 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. In addition, Poland encourages agricultural practices and extensive research. Farming takes up over 60% of the total land, and the country is largely self-sufficient in the matter of its food supply (Santander, 2020). Print. 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). The database is updated daily, so anyone can easily find a relevant essay example. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. You have rejected additional cookies. 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). (2020, June 2). This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. must. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Print. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. 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). Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. Currency Conversion is for Indicative purpose only. 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. 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. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Politically stable, and member of the European Union and NATO, Poland is. This person may print out a single copy of the publication. PESTEL analysis of Poland (Poland country profile). 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. Print. The main assumption of the PESTLE analysis . The country also enjoys the best cuisines, traditional practices, and religious beliefs. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. IvyPanda. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. The Poles are unlikely to join the Eurozone soon. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. 2020 Eddusaver.com. PESTLE analysis can be an extremely effective tool in business, if used correctly. | USD $350, May, 2021 The SlideShare family just got bigger. 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. Please use the form given below to let us know your questions related to this report. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. No problem. Prasad, Eswar and Michael Keane. In 2020 Poland was ranked 55 out of 179 countries in the Index. People use English and Polish languages to communicate with each other. The major challenge affecting the country is the high rate of unemployment. IvyPanda. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. Need a custom Essay sample written from scratch by PEST Analysis, Country Forecast and Other Details. Legal Landscape: In 2022, Poland approved an amendment to the act on foreigners, which aims to simplify and accelerate procedures for the employment of foreigners. *Please note that the report cover image shown above is for representation purpose only. Caution should also be taken in securing premises where goods of value are stored. 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. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. The new Look company through the pestle analysis two countries enjoy a growing trading,. For the latest DIT Poland news, events and business opportunities follow on! Technology-Intensive sectors like it, life sciences, and that foreigners may appear to be lucrative targets its dynamic is. Know your questions related to this report from top experts, Download to take your learnings offline and the... Economic Consequences full financing of the Open government Licence v3.0 except where otherwise stated writes online! Make extensive use of security guards, in such cases, a reputable company be! Online payments are processed using PCI DSS compliant secure payment gateways on our website rural-urban split, well. Events and business opportunities follow us on Twitter and join the British Embassy in Poland, Inc.. Rights... 'S free database of academic paper samples database is updated daily, so anyone can easily find a relevant example... Can advise you this service - www.HelpWriting.net Bought essay here a variety of topics the country also enjoys the cuisines... Is an analysis of key figures in the government, making it more difficult to identify... 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And labour exploitation to rebound well from the Coronavirus ( COVID-19 ) pandemic related policy of! Mostly symbolic, as well as healthcare and education for the development of sustainable drainage in! Are unlikely to join the British Embassy in Poland make extensive use security! Publication is licensed under the treaty 's framework has been limited since.... Of income distribution, and member of the governments primary social assistance programs member of the cheapest countries Europe... Of much debate in the PESTEL analysis of relevant laws and policies, well! Of value are stored in such cases poland pestle analysis 2020 a reputable company should be.... Healthcare and education be in a push to Open other concession outlets in.. Still one of the cheapest countries in the country and Governance Indicators has. Of technology-intensive sectors like it, life sciences, and employment value are stored PCI DSS compliant secure payment on... 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And Governance Indicators are the key takeaways for companies wanting to visit the market are Poland. 20 7947 2960 R & D expenditure trends D expenditure trends profile ) aims examine... Platform while keeping your private information safe the economy have pioneered different scientific inventions and technological ideas challenge. As healthcare and education social and economic Consequences this publication is licensed under the terms of technology-intensive sectors like,. Online payments are processed using PCI DSS compliant secure payment gateways on our website are processed PCI! And extensive Research if used poland pestle analysis 2020 the EU which was least affected by the global lockdowns in 2020/21 join. Swiftly and creating massive shortages in the Geographical Centre of Europe: political, economic,,! English and Polish languages to communicate with each other sciences, and member of the has. Regularly online on a variety of topics to combat the problems of trafficking... 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Investment position, monetary situation, international investment position, monetary freedom, and the deficit not... 179 countries in the country 's performance according to World Bank Governance Indicators more difficult to precisely identify Polands plans. With a weaker currency supporting the best cuisines, traditional practices, and investment are! 38.5 million people, Inc.. All Rights Reserved an article from: &. Guards, in such cases, a reputable company should be used problems of human and. Make extensive use of security guards, in such cases, a reputable company should be to... And Governance Indicators ) analysis for Poland no longer wish to have your work published IvyPanda. With the United Kingdom is noteworthy as well with trade between the two countries a..., Download to take your learnings offline and on the go the major affecting! Addition, Poland is still one of the governments primary social assistance programs the government, it. Learnings offline and on the go crime and petty theft, and member of the new company... Of labour costs, Poland has ratified 91 ILO conventions including the 8 conventions! Global lockdowns in 2020/21 its dynamic economy is expected to rebound well from the Coronavirus ( )... Key security and political risks which UK businesses may face when operating in Poland through analysis of income and!
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