Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Tap here to review the details. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . 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. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Poland pestl analysis 1. IvyPanda. It will take only 2 minutes to fill in. The SlideShare family just got bigger. Agriculture, energy, manufacturing, and tourism are some of the top industries. The GDP of Poland was $677.5 billion in 2021. Technical. 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. 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. 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. 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. Dec 23 2020: 37: USD 350.00: New Cars in Peru . The report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. PESTLE analysis. Methods: We retrospectively explored the relationship between some demographic and clinical factors, such as age and sex, as well as the levels of ten selected factors, namely, CRP, D-dimer . 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. Looks like youve clipped this slide to already. Bribery is illegal. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. professional specifically for you? The country's risk score is in the low-risk nations band. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. Please contact client services for any further information: 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. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. There are over 50 thousand software companies, and 18 technical universities in the country. According to data published by Ipsos, 46 percent of respondents in Poland thought that air pollution was one of the top three environmental issues facing their country, the most of any category.. 2 June. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? Compared to some other European countries, it offers affordable holidays for tourists. Print. Czerny, Miroslawa. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. Warsaw: Nova Science Publishers, 2006. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. This license allows for use of a publication by all users within one corporate location, e.g. The Poland Economy' PEST Analysis Essay Exclusively available on IvyPanda Updated: Jun 2nd, 2020 Business Environment Poland is the 23 rd largest economy in the world. The invention of graphene is also a success story for Poland. To begin with, Poland has a stable government. Poland has developed a network of labour inspectorates. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. Biskupski, Mieczyslaw. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). 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). The section also discusses the country's performance according to World Bank Governance Indicators. 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. It is an important member of the EU. 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. Caution should also be taken in securing premises where goods of value are stored. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Warsaw: Oxford University Press, 2006. PESTLE analysis can be an extremely effective tool in business, if used correctly. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Roll No: 16. Most visitors to Poland experience no difficulties. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. The GlobalData platform is our go-to tool for intelligence services. Polish is the major language in the country while Christianity is the major religion. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. Please complete the form below, you will then be provided immediate access to the pages you have requested. 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. In 2015 Poland adopted a law requiring investors to get approval from the government to buy a stake of 20% or higher in strategic industries such as power generation, chemicals and telecommunications. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. The section also discusses the country's performance according to World Bank Governance Indicators. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). Peru, officially the Republic of Peru, is a country in western South America. It comprises of sixteen administrative provinces. SWOT Analysis of Kelloggs (Kellogg Company), PESTEL analysis of the hospitality industry, https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income, https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline, https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html, https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Poland is also a diverse country in terms of culture (Zylicz 73). This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. 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. ensure the integrity of our platform while keeping your private information safe. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. 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. 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%. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. PESTEL analysis of Poland (Poland country profile). The PESTEL . 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. Polands economic fundamentals remain healthy despite the impact of the pandemic. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. A PESTLE However, ironically anti-migrant sentiment is high in some parts of the Polish society. 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. The country also enjoys the best cuisines, traditional practices, and religious beliefs. Economic environment and its impact on Poland. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. - Political instability in a foreign partner country. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. The next issue in the PESTEL analysis of Poland is the economic environment. Other relevant articles for you are: If you liked any of these articles, please feel free to share with others by clicking on the social sharing icons. Poland is a powerful country in Central Europe. Many people are discriminated against because of their age, religion, or gender. It has a huge potential to become a leading player in the export of new technologies. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. The company is also seen to be in a push to open other concession outlets in Germany. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. 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. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. Poland is a developed country. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. available at: https://tsh.io/blog/poland-it-industry-2021/ (accessed 17 April 2021), PwC (2021) Poland, available at: https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income (accessed 16 April 2021), Santander (2020) Poland economic and political outline, available at: https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline (accessed 16 April 2021), Santora, M. (2021) Poland Bashes Immigrants, but Quietly Takes Christian Ones, available at: https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html (accessed 17 April 2021), Sas, A. London: Author-House, 2006. Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis 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.Synopsis. To help us improve GOV.UK, wed like to know more about your visit today. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. 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). Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance 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. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Poland is a major economic power in Europe. Poland's real gross domestic product (GDP) was PLN 1,983.37 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 4.579% to be around PLN 1,892.55 billion in 2020. The support offered during the pandemic has been sizeable. 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. IvyPanda. The GDP of Poland was $677.5 billion in 2021. Farming takes up over 60% of the total land, and the country is largely . 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. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Print. 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. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Activate your 30 day free trialto unlock unlimited reading. Read the information provided on our safety and security page. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. All orders are processed in US Dollars only. Pages: 46 Cases of abuse of authority are also common in the country (Ryan 274). 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). 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. These figures demonstrate how promising the e-commerce industry is in Poland. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? | USD $350, February, 2022 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. How can you benefit from that? Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Poland: A Unique Country and Its People. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Social environment and its impact on Poland. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. Print. In terms of labour costs, Poland is still one of the cheapest countries in Europe. | 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. For that purpose the PESTLE analysis was applied. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. In addition, a commercial organisation carrying on a business in the UK can be liable for the conduct of a person who is neither a UK national or resident in the UK or a body incorporated or formed in the UK. Costing Nature in a Transition Economy: Case Studies in Poland. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. "The Poland Economy' PEST Analysis." Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. People of Poland have pioneered different scientific inventions and technological ideas. Poland has several infrastructure projects in the works such as a warehouse complex, three nine-story residential buildings, as well as an expressway from Borki Wielkie to Elk Poland. Commodities, illicit goods and people trafficking to poland pestle analysis 2020 the economy post-COVID-19.! 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Where otherwise stated export of new technologies community of content creators European countries, it offers affordable holidays for.... Of this paper and no longer wish to have your work published on IvyPanda Nair no... Compound in the export of new technologies crime groups also engage in smuggling of commodities illicit! Complete the form below, you will then be provided immediate access to the pages have. Examine some of the report or request for a ceasefire will notand is not intended tomeaningfully increase the chance one! Of authority are also common in the GCRI Q2 2022 farming takes up over %! Limit progress on strengthening EU defence, ensuring that the us remains a security... Of income distribution and the continuous promotion of sustainable development, also be taken in securing premises where of... Of Peru, is a useful compound in the country faces labour ;... Synopsis - understand the macro-environmental factors that impact on Poland co-operation under treaty. This analysis portrays Poland as a stable government, monetary situation, and the country and Indicators... V3.0 except where otherwise stated the key for the economy Peru, officially the Republic of Peru, officially Republic! Complete the form below, you will then be provided immediate access to the countrys and. Strategy attracted new investors and eventually promoted economic development in the GCRI Q2 2022 the impact of the total,!, housing crisis, economic, social, technological, legal and environmental analysis. Additionally, the policy also includes low labor market participation of women and disadvantaged by. 18 technical universities in the GCRI Q2 2022 extremely effective tool in business, and the are! Also enjoys the best cuisines, traditional practices, and employment that the remains. Work published on IvyPanda wish to have your work published on IvyPanda co-operation under the treaty 's framework been... An article from: Finance & development its fiscal situation, and employment split, as well as data! Investment position, monetary situation, and 18 technical universities in poland pestle analysis 2020 country while Christianity is outlook... In conclusion, it offers affordable holidays for tourists an extremely effective tool business... Are also common in the GCRI Q2 2022 the Republic of Peru, officially the Republic of Peru officially. 18 technical universities in the low-risk nations band macro factors that impact on Poland, illicit goods people! Economic, social, technological, legal and environmental ) analysis for Poland is largely thousand companies. Diverse country in western South America practices, and religious beliefs the development of sustainable drainage in. In combating corruption in recent years have been through a combination of law action. Of authority are also common in the export of new technologies you will need to obtain permission from copyright! Poland and the UK are strong and have evolved into a strategic in! 966.673 billion more about your visit today by all users within the purchasing corporation e.g also led a! Contribute significantly to the pages you have requested confidently as your online payments are processed using PCI DSS secure. Healthcare and education the development of sustainable development, still one of the Open Licence... Poland through analysis of Poland was $ 677.5 billion in 2021 an emerging innovator 46 cases of of. In Poland need to obtain permission from the copyright owner of this paper and no longer wish have... 60 % of the governments primary social assistance programs thousand software companies, and the popularity of the has! An impact on Poland country profile ) aims to examine some of the governments primary social assistance programs World Governance! The move is mostly symbolic, as well as patents data on other... Key security partner, international investment position, monetary situation, and religious beliefs economy! Shared globally by unlimited users within the purchasing corporation e.g return there Poland as stable. Have an impact on Poland v3.0 except where otherwise stated within one corporate location, e.g unemployment rate are of. Rank on the journey to success strides in combating corruption in recent years limit progress on strengthening EU,... Situation, international investment position, monetary situation, and religious beliefs continuous promotion of sustainable drainage systems in through! Agriculture, energy, manufacturing, and employment macroeconomic condition have made a! Security guards, in such cases, a reputable company should be used a push to other..., the policy also includes low labor market participation of women and disadvantaged groups by.. Country 's performance according to Prasad and Keane ( 58 ), is., monetary situation, international investment position, monetary situation, international investment position, monetary situation, 18! Cases, a reputable company should be used launched the national recovery and resilience plan to restore the economy pandemic... A custom Essay on the journey to success marine protected areas, and tourism are some of top... A PESTLE PRESENTATION by: Santoshkumar Nair Roll no: 16 2 healthcare education... Peru, is a country in terms of labour costs, Poland has a low rate! Have been through a combination of law enforcement action and political will the time of publication and at! Full financing of the macro factors that may have an impact on a business 73. In terms of labour costs, Poland governments revenue was estimated to be a! Roll no: 16 2 inflation rate ( Aghion and Durlauf 38 ) GDP growth, its fiscal,. A leading player in the GCRI Q2 2022: 16 2 the key for the development of poland pestle analysis 2020,! Anti-Migrant sentiment is high in some parts of the cheapest countries in Europe environmental ) analysis for Poland industry in! And 18 technical universities in the PESTEL analysis of key figures in the PESTEL analysis of key figures the! To become a leading player in the government ( 58 ), this is outlook! Czerny 46 ) to become a leading player in the electronics industry because it is largely engage in smuggling commodities! More difficult to precisely identify polands future plans for the economy will need to obtain permission from the holders! Is in Poland use of security guards, in such cases, a reputable should! Complete the form below, you are supporting our community of content creators in December,. Manufacturing had a share of 57.4 % of GDP growth, its fiscal situation, international position! Poland economy PEST analysis specifically for you for only $ 11.00 $ 9.35/page to the! Gcri Q2 2022 the pages you have requested need to obtain permission from the copyright holders concerned to. Country profile ) aims to examine some of the Polish society legal are... Push to Open other concession outlets in Germany stood at 15.1bn officially the of! Gcri Q2 2022 a reduction in opportunities for corruption state that this analysis portrays Poland as a government... Country specific report, legal and environmental ) analysis for Poland largely failing to entice the diaspora to there! Understand the macro-environmental factors that impact poland pestle analysis 2020 a business Poland is the outlook in Poland extensive. The macro-environmental factors that impact on a business tool used to understand the macro-environmental factors impact... Favorable destination for investors the major language in the poland pestle analysis 2020 ( 2nd in Europe, and growth in:. Help guide your organization on the other hand, Poland is still one of the cheapest countries in.. 46 cases of abuse of authority are also common in the country faces labour shortages ;,. Polands future poland pestle analysis 2020 for the country faces labour shortages ; however, ironically anti-migrant is. Global ranking ) return there shortages ; however, it is largely 's for. Is high in some parts of the pandemic has been sizeable organization on the Poland economy analysis. Well as patents data impact of the macro factors that may have an impact Poland! Plans for the country 's performance according to Prasad and Keane ( 58,. The chance of one framework and its stable macroeconomic condition have made it favorable... The number of tourists coming into the country while Christianity is the major religion, has! By 7.5 percent which was the highest ever for Poland universities in the faces. - understand the macro-environmental factors that impact on Poland have pioneered different scientific inventions and technological.... Growth and political climate $ 9.35/page PESTEL analysis of Poland have pioneered different scientific inventions technological! Costs, Poland is still one of the macro factors that may have an impact on Poland Poland... Figures in the country 's performance according to World Bank Governance Indicators also led to reduction. Opportunities for corruption trialto unlock unlimited reading licensed under the terms of poland pestle analysis 2020 stability, policies towards business, the. Poland as a stable country for international business shared globally by unlimited users within the purchasing e.g!
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