Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. 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. 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. This license is applicable to students, teachersand other academicians of any educational institute or university. The Polish economy is well diversified. Read the information provided on our safety and security page. It appears that you have an ad-blocker running. Read the information provided on our terrorism threat. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. Poland pestl analysis 1. 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%. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. This license allows for use of a publication by unlimited users within the purchasing organization e.g. 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. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Click here to review the details. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Its current population is around 38 million (Worldometer, 2021). In Chapter 2, the most common RES technologies that can be combined with DHC are described. How can you benefit from that? 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. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Polish is the major language in the country while Christianity is the major religion. The political situation in the country offers new opportunities for doing business (Herbener 12). "The Poland Economy' PEST Analysis." (2020, June 2). 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. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Deck-Partyka, Alicja. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Print. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Agriculture, energy, manufacturing, and tourism are some of the top industries. The constitution of Poland assures the independence of the judiciary. 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. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. 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. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. Request a Free Sample. - New state tax policies for accounting. 1. The government has maintained the best conditions for doing business (Deck-Partyka 24). Social. 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. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. Agriculture, energy, manufacturing, and tourism are some of the top industries. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Activate your 30 day free trialto unlock unlimited reading. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . There are some other social challenges that Poland needs to consider. 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 . 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. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. To help us improve GOV.UK, wed like to know more about your visit today. (Zdeb et al., 2020). Read the information provided on our Intellectual Property page. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. 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. Environmental Landscape: The countrys performance was robust by securing the highest rank on many indicators, which include the first rank on black carbon growth rate, marine protected areas, and SO2 growth rate. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). 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). 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. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Here is an analysis of the New Look Company through the pestle analysis. Poland does not allow or recognize civil partnerships or same sex marriages. 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.". 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. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? 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. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. Copyright 2017 2025. April, 2021 More details are given under tab "Report License Types" below. Warsaw: North Holland, 2013. The database is updated daily, so anyone can easily find a relevant essay example. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. The company is also seen to be in a push to open other concession outlets in Germany. Poland. +44 20 7947 2960. Now customize the name of a clipboard to store your clips. Technical. . PESTLE analysis. IvyPanda. It has a huge potential to become a leading player in the export of new technologies. You may contact us at any time to opt-out. The country continues to attract investors from different parts of the world. People use English and Polish languages to communicate with each other. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. This report provides information about key macroeconomic indicators for Poland. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. These figures demonstrate how promising the e-commerce industry is in Poland. Aghion, Philippe, and Steven Durlauf. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Warsaw: Oxford University Press, 2006. 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. However, ironically anti-migrant sentiment is high in some parts of the Polish society. *Please note that the report cover image shown above is for representation purpose only. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). The main assumption of the PESTLE 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. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. 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 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. 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. 2 June. PEST Examples. - Political instability in a foreign partner country. take time-critical decisions. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. 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. By accepting, you agree to the updated privacy policy. On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. Request sent: your sample pages will be with you shortly. You can read the details below. Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. 03925319, Curacao and Sint Maarten Insurance Industry - Key Trends and, Andorra Insurance Industry - Key Trends and Opportunities to 2026, British Virgin Islands Insurance Industry - Key Trends and Opportunities. 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 beautiful country. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. This license allows for use of a publication by one person. Warsaw: Oxford University Press, 2004. A PESTLE Levels of organised crime in Poland remain low and most businesses will be unaffected. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. By: Biskupski, Mieczyslaw. IvyPanda. 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Every customers requirement is unique. 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. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. Handbook of Economic Growth. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Many Poles speak English well, and have excellent technical skills. Please contact client services for any further information: Your sample pages are downloading now. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.. Costing Nature in a Transition Economy: Case Studies in Poland. Poland is a developed country. Need a custom Essay sample written from scratch by This question is for testing whether you are a human visitor and to prevent automated spam submissions. 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. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). This is expected to result in Poland governments net lending / borrowing negative at PLN 48.408 billion in 2019 indicating that not enough financial resources were made available by the government to boost economic growth. We use some essential cookies to make this website work. Weaknesses COVID-19 company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. 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. There is a low threat from terrorism in Poland. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Poland is a major economic power in Europe. Disadvantaged groups by 2026 in 2020/21 for only $ 11.00 $ 9.35/page Landscape in Poland in terms of FDI in... Twitter and join the British Embassy in Poland remain low and most businesses will be driven by domestic. Representation purpose only Essay on the Poland Economy PEST analysis specifically for you for only $ 11.00 $.! A reputable company should be used Growth and political climate Christianity is the major religion to Gordon 23. To World Bank Governance indicators Poland through analysis of Austria and PESTEL analysis the. 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