The recent economic transformations have made the country successful. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? Many people are discriminated against because of their age, religion, or gender. In the UK, this figure stood at a staggering 9.9%. 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. Request a Free Sample. (2020, June 2). June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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. Actual report cover may vary. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. reportstore@marketline.com The GDP of Poland was $677.5 billion in 2021. In addition, Poland encourages agricultural practices and extensive research. 1. 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. IvyPanda. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Technical. I can advise you this service - www.HelpWriting.net Bought essay here. According to UNCTADs 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 billion, in line with the USD 13.9 billion recorded one year earlier. Do you have more questions related to this market research report after going through the description and table of contents? If you are looking for a market research solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our market research consultants or directly write to us. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. - How does Poland perform in terms of healthcare, income distribution, and education? It is officially known as the Republic of Poland. 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. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Poland. Agriculture, energy, manufacturing, and tourism are some of the top industries. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. 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 Poland Economy' PEST Analysis." By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. 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). Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Information on key security and political risks which UK businesses may face when operating in Poland. To begin with, Poland has a stable government. 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. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. New York: Wiley, 2009. 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. 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. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The major challenge affecting the country is the high rate of unemployment. (2021) Polands contributions to and receipts from the European Union budget from 2004 to 2019, available at: https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/ (accessed 16 April 2021), Trading Economics (2021) Poland GDP, available at: https://tradingeconomics.com/poland/gdp (accessed 15 April 2021), Worldometer (2021) Poland population, available at: https://www.worldometers.info/world-population/poland-population/ (accessed 17 April 2021), World Population Review (2021) Hardest working countries 2021, available at: https://worldpopulationreview.com/country-rankings/hardest-working-countries (accessed 17 April 2021). You can read the details below. - New state tax policies for accounting. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Peru, officially the Republic of Peru, is a country in western South America. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. 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. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. 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/. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? 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. Activate your 30 day free trialto unlock unlimited reading. Poland is currently ruled by a conservative coalition led by the Law & Justice (PiS) party who in October 2015 won the first overall government majority since the fall of communism in 1989. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. Since 1990, the country's economy has been growing "exponentially." In March 2020, Polish authorities indicated they were planning to sue a group of LGBT rights activists who had created an "Atlas of Hate," which mapped anti-LGBT provisions that had been. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. | Published by: MarketLine This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. 3. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. a regional office. Analysis of external factors. | 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. Please choose the suitable license type from above. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. PESTEL analysis of Poland (Poland country profile) . 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 support offered during the pandemic has been sizeable. Warsaw: Oxford University Press, 2006. Weaknesses COVID-19 Looks like youve clipped this slide to already. Warsaw: Oxford University Press, 2011. 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. IvyPanda. 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. Polands unemployment rate was 3.279% of total labor force in 2019. ensure the integrity of our platform while keeping your private information safe. | Published by: MarketLine Costing Nature in a Transition Economy: Case Studies in Poland. 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 Polish economy is well diversified. PESTLE analysis can be an extremely effective tool in business, if used correctly. The Polish economy can improve further if the country can further develop its infrastructure. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. Most visitors to Poland experience no difficulties. . It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. The Poland Economy' PEST Analysis. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Enquire Before Buying In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Clipping is a handy way to collect important slides you want to go back to later. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Published: October 20, 2022 Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. 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.". 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. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. How does Poland perform in terms of healthcare, income distribution, and education? If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. For example, the first oil lamp was invented in the country (Zylicz 78). In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Poland is a major economic power in Europe. In 2020 Poland was ranked 55 out of 179 countries in the Index. 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. The section also discusses the country's performance according to World Bank Governance Indicators. 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. Politically stable, and member of the European Union and NATO, Poland is. The PESTEL . Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. As a result, the citizens began to promote various business activities, thus stimulating economic development. Poland is the 23rd largest economy in the world. professional specifically for you? 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. Print. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. We also use cookies set by other sites to help us deliver content from their services. 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. Every customers requirement is unique. Your privacy is extremely important to us. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. This person cannot share the publication (or any information contained therein) with any other person or persons. 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. 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). 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. Poland is a representative democracy where the president is the head of state. +44 20 7947 2960. 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 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. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. Print. This question is for testing whether you are a human visitor and to prevent automated spam submissions. Read More. This license allows for use of a publication by unlimited users within the purchasing organization e.g. 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. Pages: 46 Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.. Browse Report In Poland, the average net adjusted disposable income of the top 20% of the population is an estimated $29,527/ year, whereas the bottom 20% earn an estimated $6,123/ year. 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poland pestle analysis 2020