The country's risk score is in the low-risk nations band. - How does Poland perform in terms of healthcare, income distribution, and education? 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. 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. New York: Routledge, 2003. support@eddusaver.com phnne number +1 . What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? 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. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Read the information provided on our Intellectual Property page. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. - New employment laws for employee handbook maintenance. This person may print out a single copy of the publication. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Unless a Enterprise License is purchased, a Single User License must be purchased for every person that wishes to use the publication within the same organization. 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. PESTLE analysis. 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. The GDP of Poland was $677.5 billion in 2021. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). The invention of graphene is also a success story for Poland. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. 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. 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. People of Poland have pioneered different scientific inventions and technological ideas. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. Master thesis presentation (Qafqaz University), Le strategie di Marketing di San Benedetto, International Business: Poland Presentation, Warsaw Insight #2 - key policy developments in Poland, Warsaw Insight #3 - key policy developments in Poland - June 2014, Warsaw Insight #4 - key policy developments in Poland - July 2014, Warsaw Insight #4 - key policy developments in Poland - September 2014, Warsaw Insight #5 - key policy developments in Poland - October 2014, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. How does Poland perform in terms of healthcare, income distribution, and education? You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. 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). Every customers requirement is unique. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. 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. Costing Nature in a Transition Economy: Case Studies in Poland. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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. Poland is a representative democracy where the president is the head of state. You can read the details below. Well send you a link to a feedback form. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 66.94% and reach 9.919% in 2020. Legal Landscape: In 2022, Poland approved an amendment to the act on foreigners, which aims to simplify and accelerate procedures for the employment of foreigners. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. Prasad, Eswar and Michael Keane. Print. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. All orders are processed in US Dollars only. Politically stable, and member of the European Union and NATO, Poland is. This license allows for use of a publication by one person. The government has maintained the best conditions for doing business (Deck-Partyka 24). The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. As a result, the citizens began to promote various business activities, thus stimulating economic development. Visit the Business Anti-Corruption portal providing advice and guidance about corruption in Poland and some basic effective procedures you can establish to protect your company from them. 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.". By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. 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. Farming takes up over 60% of the total land, and the country is largely . IvyPanda. Poland is making progress in simplifying its tax system reducing the number of hours a company needs to meet its tax obligations from 420 hours to 260 at present. Print. Files are delivered directly into your account soon . PRESENTATION Activate your 30 day free trialto unlock unlimited reading. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. 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. Do not sell or share my personal information, 1. 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. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. 2020. 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. 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. 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? . . The countrys risk score is in the low-risk nations band. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. This is IvyPanda's free database of academic paper samples. 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. PESTEL analysis of Poland (Poland country profile). Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. Please check our Privacy Policy to see how we protect and manage your submitted data. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. The constitution of Poland assures the independence of the judiciary. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. This makes the country one of the best places to invest (Czerny 37). Poland has greatly benefitted from the open borders of the European Union. 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 . The support offered during the pandemic has been sizeable. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. | USD $350, February, 2022 In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. New York: Wiley, 2009. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Kindly use your official email address and contact number to ensure speedy response. Can be shared by unlimited users within one corporate location e.g. 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. 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%. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. There are over 50 thousand software companies, and 18 technical universities in the country. Poland has developed a network of labour inspectorates. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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). 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 country has a population of 38.5 million people. 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. This will help us provide youwith answersso that you can purchase with confidence. 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. The section also discusses the country's performance according to World Bank Governance Indicators. Poland is a powerful country in Central Europe. 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. These users cannot share the publication (or any information contained therein) with any other person or persons outside the corporate location for which the publication is purchased. By: 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. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. People of Poland are hardworking and optimistic. . (2020, June 2). How does Poland perform in terms of healthcare, income distribution, and education? Poland has a massive broadcasting market. More details are given under tab "Report License Types" below. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Your privacy is extremely important to us. Social environment and its impact on Poland. Print. 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 Poland Economy' PEST Analysis. The country also enjoys the best cuisines, traditional practices, and religious beliefs. We are here to help. Weaknesses COVID-19 Information on key security and political risks which UK businesses may face when operating in Poland. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. 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. 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. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. In addition, a commercial organisation carrying on a business in the UK can be liable for the conduct of a person who is neither a UK national or resident in the UK or a body incorporated or formed in the UK. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. 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 . Levels of organised crime in Poland remain low and most businesses will be unaffected. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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). Print. 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. Read the information provided on our safety and security page. Poland is also a diverse country in terms of culture (Zylicz 73). 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. All rights reserved LCHW. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). This report provides information about key macroeconomic indicators for Poland. Polands ease of doing business ranking improved from 33rd position in 2018. Joe David has years of teaching experience both in the UK and abroad. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Background: The correct analysis of COVID-19 predictors could substantially improve the clinical decision-making process and enable emergency department patients at higher mortality risk to be identified. Employees are entitled to 20 days annual holiday if they have been employed for less than 10 years, and 26 days if employed for 10 years. It is a politically stable country and has become a success story in Europe. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). 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. 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. Looks like youve clipped this slide to already. Print. Free access to premium services like Tuneln, Mubi and more. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). Read the information provided on our bribery and corruption page. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Farming takes up over 60% of the total land, and the country is largely self-sufficient in the matter of its food supply (Santander, 2020). 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. PESTLE analysis can be an extremely effective tool in business, if used correctly. Read the information provided on our organised crime page. London: Edward Elgar Pub, 2000. "The Poland Economy' PEST Analysis." Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Click here to review the details. You are free to use it for research and reference purposes in order to write your own paper; however, you all employees of a single company. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. To know more about the Poland macroeconomic outlook, download a free report sample. 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Agriculture, energy, manufacturing, and tourism are some of the top industries. Its current population is around 38 million (Worldometer, 2021). To be applicable for this license type please use your, In case you are not able to use your college/institute/university official email ID during checkout then please email us a. "The Poland Economy' PEST Analysis." Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. 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 the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Warsaw: Oxford University Press, 2004. Polands unemployment rate was 3.279% of total labor force in 2019. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. 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. Print. 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. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The client services team will arrange delivery of your sample pages. Economic environment and its impact on Poland. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. 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. professional specifically for you? Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Clipping is a handy way to collect important slides you want to go back to later. Economic. It has a huge potential to become a leading player in the export of new technologies. Benefitted from the open borders of the best places to invest ( Czerny 46.! Between Poland and the deficit will not exceed 10 % of total labor in. 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