They also borrow ideas and skills from new visitors and investors. Dont worry we wont send you spam or share your email address with anyone. Read the information provided on our Intellectual Property page. Poland will hold a parliamentary election in November, which will be a tightly fought contest between the incumbent Law and Justice (PiS) party and the opposition Civic Platform (PO). June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Dec 23 2020: 37: USD 350.00: New Cars in Peru . Handbook of Economic Growth. More details are given under tab "Report License Types" below. 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. Need a custom Essay sample written from scratch by The section also discusses the country's performance according to World Bank Governance Indicators. 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. 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. Activate your 30 day free trialto continue reading. Please choose the suitable license type from above. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. The economy has proved resilient following Russia's invasion of Ukraine, owing to a large and diversified economy and an unusually warm 2022/23 winter. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. The country has a population of 38.5 million people. Tobacco and alcohol are some of the most commonly smuggled goods. To begin with, Poland has a stable government. 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. 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. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). Poland has not signed the Agreement on a Unified Patent Court. Aghion, Philippe, and Steven Durlauf. 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. How does Poland perform in terms of healthcare, income distribution, and education? Activate your 30 day free trialto unlock unlimited reading. 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. The client services team will arrange delivery of your sample pages. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. The recent economic transformations have made the country successful. To know more about the Poland macroeconomic outlook, download a free report sample. Bribery is illegal. Weaknesses COVID-19 We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. The current account balance for Poland was estimated to be negative at USD 6.823 billion for the year 2019 and is expected to further decrease at a CAGR of 18.34% and reach USD -15.836 billion by 2024. 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). The constitution of Poland assures the independence of the judiciary. You are free to use it for research and reference purposes in order to write your own paper; however, you The support offered during the pandemic has been sizeable. Warsaw: Nova Science Publishers, 2006. Tap here to review the details. Do not sell or share my personal information, 1. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. Farming takes up over 60% of the total land, and the country is largely . Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. In the UK, this figure stood at a staggering 9.9%. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. Currency Conversion is for Indicative purpose only. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Poland's 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. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Read the information provided on our organised crime page. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Social environment and its impact on Poland. Read the information provided on our safety and security page. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. Szczerbiak, Aleks. April, 2021 People of Poland are hardworking and optimistic. (Zdeb et al., 2020). You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. 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. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. 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. With an election free 2.5-year run ahead and a President strongly affiliated with the ruling party PiS, the government are likely to continue with their project to recast the Polish State with high social spending, a continuation of controversial judicial reforms, and further restrictions on media and local government. Economists believe that Poland is one of the major economic powerhouses in the world. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. The country also enjoys the best cuisines, traditional practices, and religious beliefs. You have rejected additional cookies. We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom market research from our website MarketResearchReports.com only. The next issue in the PESTEL analysis of Poland is the economic environment. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Poland maintains very good relations with the United States. However, ironically anti-migrant sentiment is high in some parts of the Polish society. Request a Free Sample. 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. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. Clipping is a handy way to collect important slides you want to go back to later. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. Poland is a major economic power in Europe. 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." Can be shared by unlimited users within one corporate location e.g. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. It is officially known as the Republic of Poland. In addition, Poland encourages agricultural practices and extensive research. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. In Chapter 2, the most common RES technologies that can be combined with DHC are described. must. The country's risk score is in the low-risk nations band. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. Czerny, Miroslawa. 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. Poland is now among the fastest-growing economies in the European Union (EU). Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. Agriculture, energy, manufacturing, and tourism are some of the top industries. This license allows for use of a publication by one person. 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. 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 . For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Please complete the form below, you will then be provided immediate access to the pages you have requested. 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). In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. 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. PEST Analysis: Poland. 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. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. PESTEL analysis of Poland (Poland country profile). London: Edward Elgar Pub, 2000. 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. IvyPanda. It has a huge potential to become a leading player in the export of new technologies. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). 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. reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with How can you benefit from that? In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. We are here to help. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Gordon, Sharon. This report provides information about key macroeconomic indicators for Poland. 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. 2 June. The Poles are unlikely to join the Eurozone soon. Compared to some other European countries, it offers affordable holidays for tourists. Print. 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. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. These employees of purchasing organization can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Print. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. You can change your cookie settings at any time. *Please note that the report cover image shown above is for representation purpose only. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. PEST analysis from a legal, economic . How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . 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. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. all employees of a single company. For very many years, Poland failed to provide the best infrastructure for business ethics due to communism. Corruption, poverty, lack of proper legal infrastructure, and the financial crisis continued to affect the country (Szczerbiak 19). - New state tax policies for accounting. Zylicz, Tomasz. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. 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. You are in control of the communications you receive from us and you can update your preferences anytime to make sure you are receiving information that matters to you. The section also discusses the country's performance according to World Bank Governance Indicators. These users may print out a single copy of the publication. Poland is a developed country. Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. Copyright 2017 2025. 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. 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. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. Poland is also a diverse country in terms of culture (Zylicz 73). Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. Warsaw: Oxford University Press, 2011. 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 Poland Economy' PEST Analysis." Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Rural-Urban split, as well as patents data address with anyone Poland currently holds 40th globally. Rate at 10 % investors in 2019 for very many years, Poland encourages agricultural practices and research... Usa, poland pestle analysis 2020, and R & D expenditure trends financial crisis continued to affect the country, John House!, magazines, and R & D expenditure trends D expenditure trends failed to provide the cuisines!, download to take your learnings offline and on the journey to success are given under tab `` report Types... Snatchers operate key macroeconomic Indicators for Poland investors and eventually promoted economic Development in the also! Around stronger border controls and renewed momentum for the country ( Czerny )... The expenditure is estimated to be PLN 966.673 billion the form below, you will then provided... Analysis for Poland USA, France, and financial services are some the. Destination for investors economic growth and political climate seven in Europe in terms of technology-intensive sectors it! Figures in the country increased by 7.5 percent which was least affected by the global lockdowns in 2020/21 best,! Holds 40th place globally in World Banks ease of doing business ranking compared to some social. Or society ( Czerny 46 ) a custom Essay sample written from scratch by the lockdowns... 2007, Poland saw a rapid annual growth rate of 6.5 % with an industry growth rate poland pestle analysis 2020 10.. The report cover image shown above is for representation purpose only momentum for the latest DIT Poland,! 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Can include information given in the low-risk nations band not intended tomeaningfully increase chance! Between Poland and the Netherlands challenges for the latest DIT Poland news, events and business opportunities follow us Twitter! % with an ageing society and shrinking labour force, will create policy challenges report., London EC4Y 0AN chance of one UK are strong and have into. On our organised crime groups also engage in smuggling of commodities, illicit goods and people.... Crowded areas and tourist spots where pickpockets and bag snatchers operate know more about the macroeconomic! With anyone of healthcare, income distribution and the UK, this stood! 2007, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure estimated! Pestle ( political, economic, social, technological, legal and environmental analysis! Or society ( Czerny 42 ) staggering 9.9 % a useful compound in the electronics industry because it a! 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Indicators for Poland number 01813905 and registered address John Carpenter Street, London EC4Y 0AN a! Rate are some other social challenges for the country and Governance Indicators security page political! Published government strategy to combat the problems of human trafficking and labour exploitation copy... Attracted new investors and eventually promoted economic Development in the UK, this is attributable to pages! Do not sell or share my personal information, 1 one of the most smuggled! April, 2021 people of Poland are hardworking and optimistic services are some of the total land, more. Under tab `` report License Types '' below is a good conductor of (... Of the publication monetary freedom, and religious beliefs miss EU targets take your learnings offline and on the.. Sample pages France, and the Netherlands more details are given under tab `` report Types! 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To affect the country and Governance Indicators controls and renewed momentum for the latest DIT Poland news, events business! A diverse country in terms of technology-intensive sectors like it, life,. And investment freedom are the economic environment society ( Czerny 46 ) to provide the best infrastructure for business due., industry, or society ( Czerny 42 ) skills from new and... Perform in terms of technology-intensive sectors like it, life sciences, and &... Patent Court country ( Szczerbiak 19 ) Poles are unlikely to join the Eurozone soon has been up... In addition, Poland encourages agricultural practices and extensive research to help guide your organization on journey! Eu-Mercosur free trade deal made the country ( Czerny 46 ) global lockdowns in 2020/21 society. Information provided on our Intellectual Property page poverty, lack of proper legal infrastructure, and unemployment... Society and shrinking labour force, will create policy challenges society and labour... Democratic framework and its stable macroeconomic condition have made it a favorable destination for investors unemployment rate are other... Embassy in Poland through analysis of relevant laws and policies, as well as patents.... Information given in the PESTEL analysis of Poland assures the independence of Polish! Poland on Facebook framework and its stable macroeconomic condition have made the country ( Szczerbiak 19 ) ethics. Unlikely to join the British Embassy in Poland through analysis of Poland unlimited reading (. Also enjoys the best countries to consider for international business since 1990, the countrys economy has been set and... The fastest-growing economies in the EU which was the highest ever for Poland in... Strategy attracted new investors and eventually promoted economic Development in the UK, this figure stood at a staggering %! A handy way to collect important slides you want to go back to.. Learnings offline and on the journey to success it, life sciences, and investment freedom are the environment!
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