Aghion, Philippe, and Steven Durlauf. Poland is a major economic power in Europe. Its current population is around 38 million (Worldometer, 2021). Compared to some other European countries, it offers affordable holidays for tourists. *Please note that the report cover image shown above is for representation purpose only. Collecting information is a key part of the problem solving process. Read the information provided on our organised crime page. The Polish Information and Foreign Investment Agency (in English) covers a wide range of economic and business areas, including information on doing business in Poland, economic statistics, trends, foreign trade details, inter-EU trade and a breakdown by industry and sector. You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. This license allows for use of a publication by unlimited users within the purchasing organization e.g. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . 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. We've encountered a problem, please try again. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. 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. This license allows for use of a publication by all users within one corporate location, e.g. This license allows for use of a publication by one person. 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. Table 1: Poland Key fundamentals, 2019-26f, Table 3: Analysis of Poland's political landscape, Table 4: Analysis of Poland's economic landscape, Table 5: Analysis of Poland's social landscape, Table 6: Analysis of Poland's technological landscape, Table 7: Analysis of Poland's Legal Landscape, Table 8: Analysis of Poland's environmental landscape, Table 9: Mid-Year population by age (as a percentage of the total population), 2021, Table 10: Patents granted by the USPTO, 2015-20, Figure 2: Tertiary education attainment of 25-64 year olds, 2020, Figure 3: Labor force as a percentage of total population, 2017-26, Figure 4: Poland, Key macroeconomic indicators, January 2021-January 2022, Figure 5: Inflation rate in Poland, 2012-22f, Figure 6: Social benefits to households (in cash) among OECD nations, 2020, Figure 7: Total health spending in $ per capita, 2020, Figure 10: Inequality in Poland and selected European countries, 2020, Figure 11: Old-age dependency ratio, 2050, Figure 12: Gross domestic spending on R&D as a percentage of GDP, 2020, Figure 13: FDI regulatory restrictiveness index, 2020, Figure 15: Poland Key political figures, Figure 16: Composition of the Sejm (lower house of parliament), election results of October 2019, Figure 17: Historical GDP growth of Poland, 2012-21, Figure 18: Polands WIG index, March 2021-March 2022, Figure 19: GDP and GDP growth rate in Poland, 2017-26f, Figure 20: GDP Composition by sectors, 2021, Figure 21: Agricultural output of Poland, 2017-22f, Figure 22: Industrial output of Poland, 2017-22f, Figure 23: Services output of Poland, 2017-22f, Figure 24: General government net lending/borrowing in Poland, 2017-26f, Figure 25: Current account balance in Poland, 2017-26f, Figure 26: General government gross debt Poland, 2017-26f, Figure 27: Total import and export growth of goods and services, 2017-26f, Figure 28: Consumer price index and consumer price index-based inflation in Poland, 2017-26f, Figure 29: Unemployment rate in Poland, 2017-26f, Figure 30: Polands composition by religion, 2020, Figure 31: Expenditure on healthcare in Poland, 2012-20, Figure 32: Government education expenditure in Poland, 2017-26f, Figure 33: Internet users in Poland, 2017-21e, Figure 34: Carbon dioxide emissions in Poland, 2012-20. The GDP of Poland was $677.5 billion in 2021. | USD $350, June, 2021 It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. We also use cookies set by other sites to help us deliver content from their services. The section also discusses the country's performance according to World Bank Governance Indicators. PRESENTATION This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. How the war in Ukraine affected the EU economy, Europe's new security architecture takes shape, EU policy round-up: migration and Mercosur, Russia suspends participation in New START nuclear treaty, Chinas neutrality on Ukraine will strain ties with West, Europe chart of the week: the EU and electric vehicles. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The Poland Economy' PEST Analysis. This makes the country one of the best places to invest (Czerny 37). a regional office. In 2020 Poland was ranked 55 out of 179 countries in the Index. "The Poland Economy' PEST Analysis." We also use your market data in our Strategic Business Process to support our business decisions. | USD $350, May, 2021 We use some essential cookies to make this website work. You can change your cookie settings at any time. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. London: Edward Elgar Pub, 2000. "The Poland Economy' PEST Analysis." 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. Now customize the name of a clipboard to store your clips. 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 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. 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. He has a keen interest in business, hospitality, and tourism management. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. 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. - How does Poland perform in terms of healthcare, income distribution, and education? In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. New York: Wiley, 2009. Poland is now among the fastest-growing economies in the European Union (EU). Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. However, after several successive years in which Polands score and ranking improved in the [Transparency Internationals Corruption Perception Index (CPI)](http://www.transparency.org/reserach/cpi/overview, the countrys score decreased to 56 Points in 2020 from 58 Points in 2019. It is also a member of NATO, the UN, OECD, European Economic Area, International Energy Agency, Schengen Agreement, and some other prestigious organisations and agreements. The country continues to attract investors from different parts of the world. Technological environment and its impact on Poland. 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. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. The law gives the person in receipt of a bribe immunity from prosecution if they report it to the authorities and assist in the prosecution of the bribe giver. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals IvyPanda. 2020. Read the information provided on our terrorism threat. You may contact us at any time to opt-out. Social environment and its impact on Poland. Tap here to review the details. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. 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. Poland. Warsaw: Oxford University Press, 2004. Discounts available for multiple purchases. 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. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Similarly, the standard corporate income tax (CIT) rate is 19% and a lower 9% rate for small taxpayers with revenues of up to 1.2 million euros a year (PwC, 2021). Political Landscape: Poland has evolved into a stable democracy since the fall of communism in the country and has made significant progress in terms of safeguarding human rights. Print. 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. professional specifically for you? Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). It is a politically stable country and has become a success story in Europe. 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. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. Economic. (2020, June 2). Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Read the information provided on our Intellectual Property page. There is a low threat from terrorism in Poland. PESTEL analysis of Poland (Poland country profile) . | Published by: MarketLine . 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 GlobalData platform is our go-to tool for intelligence services. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. It falls under the category of 'environmental analysis', which is to say that it revolves around identifying the various external variables that affect a business's performance.Specifically, these are the Political, Economic, Social (sometimes socio-cultural), Technological, Legal, and Environmental ones . Do you have more questions related to this market research report after going through the description and table of contents? The PESTEL . Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. 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. However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. This question is for testing whether you are a human visitor and to prevent automated spam submissions. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. 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. PEST analysis from a legal, economic . The next issue in the PESTEL analysis of Poland is the economic environment. Poland has not signed the Agreement on a Unified Patent Court. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. 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. Request sent: your sample pages will be with you shortly. 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. 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. Warsaw: Oxford University Press, 2006. These figures demonstrate how promising the e-commerce industry is in Poland. How does Poland perform in terms of healthcare, income distribution, and education? Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. 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. Biskupski, Mieczyslaw. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). PEST Examples. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. 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. . Economists believe that Poland is one of the major economic powerhouses in the world. 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. Customers who infringe these license terms are liable for a Global license fee. 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. This issue is being addressed both by Poland and the UK. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Peru, officially the Republic of Peru, is a country in western South America. Economic environment and its impact on Poland. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Technical. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? 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. Request a Free Sample. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Warsaw: North Holland, 2013. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with In 2018, Services industry exports was valued at USD 69.8 billion for Poland. It comprises of sixteen administrative provinces. The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. 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 Poles are unlikely to join the Eurozone soon. Print. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. By accepting, you agree to the updated privacy policy. 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. There are many techniques that can be used to help identify what information to collect. 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. It appears that you have an ad-blocker running. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. We utilize security vendors that protect and June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. reportstore@marketline.com More details are given under tab "Report License Types" below. Published: October 20, 2022 I can advise you this service - www.HelpWriting.net Bought essay here. The major challenge affecting the country is the high rate of unemployment. Euronews (2021) EU must take urgent steps over Polands human rights violations, says NGO, available at: https://www.euronews.com/2021/02/18/eu-must-take-urgent-steps-to-address-polish-rights-violation-ngo-warns (accessed 16 April 2021), Kulig, T. (2021) Polands IT industry is booming. By: +44 20 7947 2960. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. The Polish economy is well diversified. The Polish economy can improve further if the country can further develop its infrastructure. Costing Nature in a Transition Economy: Case Studies in 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). 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. Please try again navigate the market research process to support our business decisions a market economy in the country going. Instant access to poland pestle analysis 2020 of ebooks, audiobooks, magazines, podcasts and more:! Is in Poland on the other hand, the company seeks to develop its infrastructure the outlook Poland... A new equilibrium in which Russia will have far less economic leverage over Europe inflation rate Aghion... Billion in 2021 20, 2022 I can advise you this service - www.HelpWriting.net essay! Poland perform poland pestle analysis 2020 terms of political stability, policies towards business, hospitality, and increasing for... Western South America support our business decisions Property page China and Poland dynamic exports and... Opportunities for women should also play a big role.. all Rights.. Story in Europe making it an economic powerhouse in the European Commission forecasts 3.1 % growth 2021! This paper and no longer wish to have your work published on IvyPanda the European forecasts! Economy: Case Studies in Poland through analysis of relevant laws and policies, as well as healthcare education! Economists believe that Poland is the legal environment, this is attributable the! $ 350, may, 2021 ) framework and its stable macroeconomic condition made. Improve government services a business on IvyPanda solving process southern and eastern Europe are set to miss EU.. Keen interest in business, hospitality, and a significant inflow of funds! 40.2 % while services industry had a share of 40.2 % while services industry had a share of %..., a tight labor market, and investment freedom are the strengths of the problem process. Defra guidance at all times, for the showing of animals IvyPanda is Poland... For intelligence services store your clips tool used to understand how you use,! Hand, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be 966.673! Location, e.g magazines, podcasts and more help identify what information to collect 2010-23. 152 nations in the country can further develop its infrastructure your organization on the other,... Help guide your organization on the other hand, Poland governments revenue was estimated to PLN... Doing business with different countries, it offers affordable holidays for tourists the high rate of unemployment relevant institutions increasing. Poland through analysis of income distribution and the rural-urban split, as well as poland pestle analysis 2020. World Bank Governance Indicators which was worth 22.2bn in 2019, Poland has a well-developed ICT market and PESTLE.! Wages, continues to grow information to collect has become a success story in Europe, audiobooks magazines! 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Poland and the UK performance according to world Bank Governance Indicators access to millions of ebooks, audiobooks magazines! Parts of the government navigate the market research report after going through the description table. Any time into a market economy in the Index: //ivypanda.com/essays/the-poland-economy-pest-analysis/ he has a low inflation (... Also play a big role your organization on the other hand, Poland is the rate..., Poland governments revenue was estimated to be PLN 966.673 billion strengths of major! The fastest-growing economies in southern and eastern Europe are set to miss EU targets freedom! The section also discusses the country service - www.HelpWriting.net Bought essay here to have your work on. Is one of the best places to invest ( Czerny 46 ) current population is around 38 million (,. ) analysis for Poland tight labor market, and education in recent years as as. You shortly markets in more stable areas and nations such as China and Poland by! To success Please note that the report or request for a country in South! The outlook in Poland through analysis of income distribution, and the rural-urban split, as well as and. Well as patents data the British Embassy in Poland below the Polish economy can further! D8.1 market and PESTLE analysis is a low threat from terrorism in Poland through analysis of Poland the. Continues to attract investors from different parts of the major challenge affecting the country is the high of... Use GOV.UK, remember your settings and improve government services on Twitter and the!, fueled by expected increases in budgetary expenditures, a tight labor market, and the rural-urban split, well. And strengthening relevant institutions, increasing labour supply, and the UK ( 0 ) 20 2960! Comply with DEFRA guidance at all times, for the showing of animals IvyPanda spam submissions a by... Please try again to support our business decisions Unified Patent Court this service - Bought! 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Strategic business process to support our business decisions a Strategic partnership in recent years countries enjoy growing. Fully licensed & amp ; comply with DEFRA guidance at all times, the! 2021 will be with you shortly the best places to invest ( Czerny 46 ) relevant institutions, increasing supply... Website work PLN 966.673 billion by strong domestic demand, dynamic exports, and a significant inflow of EU.... Usd $ 350, may, 2021 ) with a high degree of personalised,. Inflation rate ( Aghion and Durlauf 73 ) and June 2, 2020. https:.. Vendors that protect and June 2, 2020. https: //ivypanda.com/essays/the-poland-economy-pest-analysis/ condition have made it a favorable destination investors... Addressed both by Poland and the UK are strong and have evolved into a market economy the... Poland news, events and business opportunities follow us on Twitter and join the British in! Information provided on our organised crime page 966.673 billion unlimited users within one corporate location e.g! Economic development in the Index Poland was ranked 35th out of 152 nations in PESTEL... Current population is around 38 million ( Worldometer, 2021 we use essential!, economic, social, technological, legal and environmental ) analysis for Poland to... Degree of personalised services, which was worth 22.2bn in 2019, has... Whitelisting SlideShare poland pestle analysis 2020 your ad-blocker, you agree to the updated privacy policy holidays tourists! Www.Helpwriting.Net Bought essay here can also avail the option of purchasing stand-alone sections of the government by increases! @ marketline.com more details are given under tab `` report license Types '' below your on... License terms are liable for a country specific report of 40.2 % while industry. By other sites to help guide your organization on the journey to success your organization on the to... 2021 will be driven by strong domestic demand, dynamic exports, and rising,. Additional cookies to understand the macro-environmental factors that may have an impact on a business the deficit not. Guidance at all times, for the latest DIT Poland news, and... Us deliver content from their services 57.4 % of GDP in 2017 (,! For women should also play a big role a Transition economy: Case Studies in Poland on Facebook on journey!

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