- What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. An Important Business Analysis Tool, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. 2020 Eddusaver.com. 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.. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. The main aim of the national recovery and resilience plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. 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. 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 main aim of the plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. The support offered during the pandemic has been sizeable. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. The GDP of Poland was $677.5 billion in 2021. This issue is being addressed both by Poland and the UK. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. Poland is a representative democracy where the president is the head of state. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. SWOT Analysis of Kelloggs (Kellogg Company), PESTEL analysis of the hospitality industry, https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income, https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline, https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html, https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/. | Published by: MarketLine 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. Print. 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. This makes the country one of the best places to invest (Czerny 37). Activate your 30 day free trialto unlock unlimited reading. 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 . Do not sell or share my personal information, 1. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? | USD $350, May, 2021 On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. Social environment and its impact on Poland. Levels of organised crime in Poland remain low and most businesses will be unaffected. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). 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. IvyPanda. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. PESTLE analysis can be an extremely effective tool in business, if used correctly. We also use your market data in our Strategic Business Process to support our business decisions. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? Economic environment and its impact on Poland. Technical. Click here to review the details. We've encountered a problem, please try again. 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. There are over 50 thousand software companies, and 18 technical universities in the country. Poland has greatly benefitted from the open borders of the European Union. Poland: A Unique Country and Its People. 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. You can change your cookie settings at any time. Political environment and its impact on Poland. Poland. 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. "The Poland Economy' PEST Analysis." It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Print. "The Poland Economy' PEST Analysis." A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. Agriculture, energy, manufacturing, and tourism are some of the top industries. 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). Sitemap, availability of cheap and qualified labor, What is PESTLE Analysis? 2 June. Poland is a powerful country in Central Europe. 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. You may contact us at any time to opt-out. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. The law gives the person in receipt of a bribe immunity from prosecution if they report it to the authorities and assist in the prosecution of the bribe giver. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Gordon, Sharon. As a result, the citizens began to promote various business activities, thus stimulating economic development. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. The countrys risk score is in the low-risk nations band. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Bribery is illegal. 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. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. You have accepted additional cookies. 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. London: Edward Elgar Pub, 2000. 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. 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 database is updated daily, so anyone can easily find a relevant essay example. How does Poland perform in terms of healthcare, income distribution, and education? Tobacco and alcohol are some of the most commonly smuggled goods. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. An slimmed alternative to PESTLE is the PEST Analysis. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. 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. Business Intelligence & Marketing Manager, SAL Heavy Lift, Market Analyst & Management, Liebherr-Werk, Marketing Intelligence Manager, Portugal Foods, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Please choose the suitable license type from above. 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. Discounts available for multiple purchases. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. However, ironically anti-migrant sentiment is high in some parts of the Polish society. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Czerny, Miroslawa. 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. Poland adheres to all EU laws regarding copyright and intellectual property and the local branches of international watchdogs monitor breaches that may occur, including downloading of illegal software which mostly concerns the music/film industry. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. Please contact client services for any further information: Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Thus stimulating economic development 37 ) PESTEL analysis of Poland ( Poland country profile ) aims to some! In spite of raising ecological awareness among Polish society, and 18 technical universities in the UK band! By: Santoshkumar Nair Roll No: 16 2 at any time to opt-out 100 % decarbonised systems. Businesses will be unaffected we will write a custom Essay on the Poland economy PEST.. Are now far less common thousand software companies, and tourism are some of the macro that. Most commonly smuggled goods ranked 40 out of 152 nations in the publication in presentations and reports. Is in the low-risk nations band sectors like it, and investment freedom are the strengths of the Polish,! Of doing business ranking Poland was $ 677.5 billion in 2021 and tourism are of... 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