Politically stable, and member of the European Union and NATO, Poland is. Published: October 20, 2022 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. The economic landscape section outlines the evolution of Poland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment. The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. . take time-critical decisions. Poland has greatly benefitted from the open borders of the European Union. 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 Chapter 2, the most common RES technologies that can be combined with DHC are described. Ryan, Leo. 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. 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. 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%. Handbook of Economic Growth. PESTEL analysis of Poland (Poland country profile). The discussion below presents a PEST Analysis for Poland. There is a low threat from terrorism in Poland. The support offered during the pandemic has been sizeable. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. Political environment and its impact on Poland. 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. | USD $350, February, 2022 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. Tap here to review the details. Activate your 30 day free trialto unlock unlimited reading. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Deck-Partyka, Alicja. all employees of a single company. Santoshkumar Nair This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. To begin with, Poland has a stable government. This person may print out a single copy of the publication. Poland is currently ruled by a conservative coalition led by the Law & Justice (PiS) party who in October 2015 won the first overall government majority since the fall of communism in 1989. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). Click here to review the details. 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. You can read the details below. Print. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. (2020, June 2). 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). 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. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland has a massive broadcasting market. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Poland. 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. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). Joe David has years of teaching experience both in the UK and abroad. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. Poland has not signed the Agreement on a Unified Patent Court. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. Warsaw: Oxford University Press, 2006. Life expectancy is 74 years for men, and 82 years for women. Aghion, Philippe, and Steven Durlauf. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Many people are discriminated against because of their age, religion, or gender. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. He has a keen interest in business, hospitality, and tourism management. Please contact client services for any further information: We are here to help. Warsaw: Oxford University Press, 2004. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. This is IvyPanda's free database of academic paper samples. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Poland maintains very good relations with the United States. 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. reportstore@marketline.com It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? By: It appears that you have an ad-blocker running. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. Actual report cover may vary. 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. 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. Its current population is around 38 million (Worldometer, 2021). EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. The section also discusses the country's performance according to World Bank Governance Indicators. 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. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. 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. 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. Bribery is illegal. 2020. The turnout was 68.1% - the second highest in Polands history and the extremely close and often aggressive campaign highlighted the deepening polarisation of Polish politics and society. Looks like youve clipped this slide to already. 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 August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. Currency Conversion is for Indicative purpose only. 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. 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. PESTEL analysis of Poland (Poland country profile) . The invention of graphene is also a success story for Poland. The government has maintained the best conditions for doing business (Deck-Partyka 24). Free access to premium services like Tuneln, Mubi and more. 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. Need a custom Essay sample written from scratch by The constitution of Poland assures the independence of the judiciary. We also use cookies set by other sites to help us deliver content from their services. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. 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). Many Poles speak English well, and have excellent technical skills. The Polish economy is well diversified. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. The GlobalData platform is our go-to tool for intelligence services. By accepting, you agree to the updated privacy policy. Warsaw: North Holland, 2013. (2020) 'The Poland Economy' PEST Analysis'. An slimmed alternative to PESTLE is the PEST Analysis. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. Discounts available for multiple purchases. Can be shared by unlimited users within one corporate location e.g. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? | Published by: MarketLine Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 2021). 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, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. Since 1990, the country's economy has been growing "exponentially." Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. . 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. (Zdeb et al., 2020). Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. As a result, the citizens began to promote various business activities, thus stimulating economic development. 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. 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. He writes regularly online on a variety of topics. . 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 contact client services for any further information. If you are looking for a market research solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our market research consultants or directly write to us. 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