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. 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. Roll No: 16. More details are given under tab "Report License Types" below. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. No problem. The main aim of the plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. The deployment of 5G network and services in Poland will lead to a new market of a wide range of products and solutions, ranging from security solutions to network products. 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. The Poland Economy' PEST Analysis. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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). Do not sell or share my personal information, 1. By accepting, you agree to the updated privacy policy. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. 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. 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. In the 2019 parliamentary elections, PiS once again won an outright majority in the Lower House but narrowly lost control of the Upper House to the opposition. We've updated our privacy policy. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. 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). Poland pestl analysis 1. Information on key security and political risks which UK businesses may face when operating in Poland. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. 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. This is IvyPanda's free database of academic paper samples. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. For that purpose the PESTLE analysis was applied. 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. Now customize the name of a clipboard to store your clips. 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. Handbook of Economic Growth. A PESTLE Print. Click here to review the details. 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. Joe David has years of teaching experience both in the UK and abroad. Most visitors to Poland experience no difficulties. 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. The government has maintained the best conditions for doing business (Deck-Partyka 24). Gordon, Sharon. - Political instability in a foreign partner country. 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 currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. "The Poland Economy' PEST Analysis." 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. Poland is the 23rd largest economy in the world. How can you benefit from that? Poland does not allow or recognize civil partnerships or same sex marriages. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. 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. 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. Caution should also be taken in securing premises where goods of value are stored. Poland is a major economic power in Europe. 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. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Poland has greatly benefitted from the open borders of the European Union. The major challenge affecting the country is the high rate of unemployment. Polands 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. Request sent: your sample pages will be with you shortly. Poland is a beautiful country. . We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. 2 June. 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. Print. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . Collecting information is a key part of the problem solving process. Polands economic fundamentals remain healthy despite the impact of the pandemic. This license allows for use of a publication by all users within one corporate location, e.g. Poland has developed a network of labour inspectorates. Ryan, Leo. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). These users may print out a single copy of the publication. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Poland maintains very good relations with the United States. Since 1990, the countrys economy has been growing exponentially. According to Gordon (23), Poland is one of the best countries to consider for international business. Dont include personal or financial information like your National Insurance number or credit card details. Technical. 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. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. Read the information provided on our terrorism threat. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. In the UK, this figure stood at a staggering 9.9%. Need a custom Essay sample written from scratch by The SlideShare family just got bigger. 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. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. 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 political situation in the country offers new opportunities for doing business (Herbener 12). Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. Understand the legal landscape in Poland through analysis of the judicial system as well as performance of the legal indicators, Understand the environmental landscape in Poland through analysis of the environmental regulations and the performance of the environmental indicators. The country has a population of 38.5 million people. Tap here to review the details. 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.. It is a politically stable country and has become a success story in Europe. 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. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. New York: Routledge, 2003. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . PESTLE analysis. Polands ease of doing business ranking improved from 33rd position in 2018. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Poland has a massive broadcasting market. He writes regularly online on a variety of topics. - How does Poland perform in terms of healthcare, income distribution, and education? How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? The section also discusses the country's performance according to World Bank Governance Indicators. 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. 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. Zylicz, Tomasz. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. 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. Warsaw: Oxford University Press, 2006. 1. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). In 2020 Poland was ranked 55 out of 179 countries in the Index. Poland is a powerful country in Central Europe. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. New York: Wiley, 2009. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Poland: A Unique Country and Its People. All orders are processed in US Dollars only. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. PEST analysis from a legal, economic . 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. 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. 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. You have accepted additional cookies. 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. People of Poland are hardworking and optimistic. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. The country's risk score is in the low-risk nations band. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. +44 20 7947 2960. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. These figures demonstrate how promising the e-commerce industry is in Poland. Print. 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. Kindly use your official email address and contact number to ensure speedy response. . See the full A-Z list of all CIPD factsheets . It will take only 2 minutes to fill in. 2020. April, 2021 Social. PEST Examples. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. PEST Analysis, Country Forecast and Other Details. Czerny, Miroslawa. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. . Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. 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. ensure the integrity of our platform while keeping your private information safe. Deck-Partyka, Alicja. 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. Poland Within the European Union. 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. 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