(2020, June 2). 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. Poland has greatly benefitted from the open borders of the European Union. Poland. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. He has a keen interest in business, hospitality, and tourism management. By: In Chapter 2, the most common RES technologies that can be combined with DHC are described. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. 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. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Do not sell or share my personal information, 1. In July 2022, the European Bank for Reconstruction and Development announced to invest in green bonds, to support the roll-out of solar PV projects to accelerate the development of renewable energy in Poland. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. Your privacy is extremely important to us. The client services team will arrange delivery of your sample pages. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Politically stable, and member of the European Union and NATO, Poland is. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. 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. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Read the information provided on our bribery and corruption page. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. 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. Agriculture, energy, manufacturing, and tourism are some of the top industries. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). Caution should also be taken in securing premises where goods of value are stored. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Economic environment and its impact on Poland. You are free to use it for research and reference purposes in order to write your own paper; however, you 2 June. 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. In 2015 Poland adopted a law requiring investors to get approval from the government to buy a stake of 20% or higher in strategic industries such as power generation, chemicals and telecommunications. 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. Please contact client services for any further information: Your sample pages are downloading now. The political situation in the country offers new opportunities for doing business (Herbener 12). A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . London: Edward Elgar Pub, 2000. The Poland Economy' PEST Analysis. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. The country has a population of 38.5 million people. 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 is IvyPanda's free database of academic paper samples. 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. April, 2021 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. A PESTLE Poland is a major economic power in Europe. The SlideShare family just got bigger. No problem. 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. He writes regularly online on a variety of topics. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Print. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. 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 Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. The Polish government introduced a `Business Constitution in April 2018, a package of laws to improve the business environment, including exemptions for start-ups and micro-businesses from registration and social security contributions, In addition, from 30 June 2018, Poland granted itself the status of a Special Economic Zone with preferential tax rates for 15 years for companies depending on the size of investment and their location. 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. Tap here to review the details. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. 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. 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. The section also discusses the country's performance according to World Bank Governance Indicators. ensure the integrity of our platform while keeping your private information safe. Dont include personal or financial information like your National Insurance number or credit card details. New York: Wiley, 2009. (2020) 'The Poland Economy' PEST Analysis'. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). Polands unemployment rate was 3.279% of total labor force in 2019. Enquire Before Buying Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Warsaw: Oxford University Press, 2006. Political environment and its impact on Poland. Read the information provided on our Intellectual Property page. | USD $350, June, 2021 In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. 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. These figures demonstrate how promising the e-commerce industry is in Poland. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. I can advise you this service - www.HelpWriting.net Bought essay here. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. 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. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. This license is applicable to students, teachersand other academicians of any educational institute or university. Activate your 30 day free trialto unlock unlimited reading. The government has maintained the best conditions for doing business (Deck-Partyka 24). The country also enjoys the best cuisines, traditional practices, and religious beliefs. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. We've updated our privacy policy. It is a politically stable country and has become a success story in Europe. "The Poland Economy' PEST Analysis." 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. Please complete the form below, you will then be provided immediate access to the pages you have requested. For example, the first oil lamp was invented in the country (Zylicz 78). The constitution of Poland assures the independence of the judiciary. Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Activate your 30 day free trialto continue reading. The country continues to attract investors from different parts of the world. 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. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. 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. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Tobacco and alcohol are some of the most commonly smuggled goods. Roll No: 16. 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. take time-critical decisions. 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. 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 estimated to have population of 37.935 million in the year 2020 and expected to reach 37.767 million by 2024, growing at a CAGR of 0.11%. 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). Some of the features of PESTLE Analysis of Poland 2012-2017 include: - Trend and forecast of real GDP growth rate - Trend of savings and investments as well as consumption expenditure in. Szczerbiak, Aleks. Poland: A Unique Country and Its People. 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). New York: Routledge, 2003. This license allows for use of a publication by one person. 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. The main assumption of the PESTLE analysis . Economic. 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. 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). . Read the information provided on our safety and security page. Polands ease of doing business ranking improved from 33rd position in 2018. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. This report provides information about key macroeconomic indicators for Poland. Zylicz, Tomasz. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? The current political situation explains why the country continues to have positive economic growth. The support offered during the pandemic has been sizeable. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. Every customers requirement is unique. Herbener, Sabine. Technical. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. We also use your market data in our Strategic Business Process to support our business decisions. Poland has not signed the Agreement on a Unified Patent Court. 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. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Files are delivered directly into your account soon . By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). Poland is a representative democracy where the president is the head of state. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. student. We utilize security vendors that protect and Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. It will take only 2 minutes to fill in. 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. This question is for testing whether you are a human visitor and to prevent automated spam submissions. 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. 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). professional specifically for you? We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals You can change your cookie settings at any time. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Please choose the suitable license type from above. - New state tax policies for accounting. Can be shared by unlimited users within one corporate location e.g. Agriculture, energy, manufacturing, and tourism are some of the top industries. Farming takes up over 60% of the total land, and the country is largely . Please contact client services for any further information: It is officially known as the Republic of Poland. According to data published by Ipsos, 46 percent of respondents in Poland thought that air pollution was one of the top three environmental issues facing their country, the most of any category.. 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. Total land, and tourism are some of the top industries important the... Political situation explains why the country is largely % of total labor in! To attract investors from different parts of the total land, and increasing opportunities for women should also be in. 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