See the full A-Z list of all CIPD factsheets . Aghion, Philippe, and Steven Durlauf. (2020, June 2). The Poles are unlikely to join the Eurozone soon. Politically stable, and member of the European Union and NATO, Poland is. Please contact client services for any further information: (2020) 'The Poland Economy' PEST Analysis'. This license allows for use of a publication by one person. 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. | Published by: MarketLine 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. All orders are processed in US Dollars only. 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. 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. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. Economic. There are some other social challenges that Poland needs to consider. London: Author-House, 2006. - Political instability in a foreign partner country. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Legal environment and its impact on Poland. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. By accepting, you agree to the updated privacy policy. Polands unemployment rate was 3.279% of total labor force in 2019. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization. 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). 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. Poland has developed a network of labour inspectorates. support@eddusaver.com phnne number +1 . 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. "The Poland Economy' PEST Analysis." Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Do not sell or share my personal information, 1. Looks like youve clipped this slide to already. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. We also use your market data in our Strategic Business Process to support our business decisions. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. PESTEL analysis of Poland (Poland country profile). President Duda was first elected in May 2015 and re-elected in early July 2020 with 51% of the vote, beating the opposition candidate, the Mayor of Warsaw Rafal Trzaskowski. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. PEST Examples. These users may print out a single copy of the publication. Economic environment and its impact on Poland. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. 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. People use English and Polish languages to communicate with each other. In 2020 Poland was ranked 55 out of 179 countries in the Index. The Polish economy can improve further if the country can further develop its infrastructure. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. (Zdeb et al., 2020). It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . Please complete the form below, you will then be provided immediate access to the pages you have requested. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. 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. . There are over 50 thousand software companies, and 18 technical universities in the country. all employees of a single company. The PESTEL . 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. Report Code: GDER0026. 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. Polish is the major language in the country while Christianity is the major religion. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. The population is aging very swiftly and creating massive shortages in the labour market. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Enquire Before Buying In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for Poland. Farming takes up over 60% of the total land, and the country is largely . . Well send you a link to a feedback form. Economists believe that Poland is one of the major economic powerhouses in the world. In addition, Poland encourages agricultural practices and extensive research. 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. Read the information provided on our organised crime page. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. 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. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. 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. You can change your cookie settings at any time. 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. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). The section also discusses the country's performance according to World Bank Governance Indicators. According to UNCTADs 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 billion, in line with the USD 13.9 billion recorded one year earlier. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. You are free to use it for research and reference purposes in order to write your own paper; however, you 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. The countrys risk score is in the low-risk nations band. Szczerbiak, Aleks. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Poland has a massive broadcasting market. 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. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. This license allows for use of a publication by unlimited users within the purchasing organization e.g. 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 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. MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. +44 20 7947 2960. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. 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. It comprises of sixteen administrative provinces. 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.. While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. . On social issues PiS is conservative, but on economic policy the party has positioned itself to the left. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. PESTEL analysis of Poland (Poland country profile) . Read More. 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. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Bribery is illegal. Collecting information is a key part of the problem solving process. 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. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. Request a Free Sample. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. Please check our Privacy Policy to see how we protect and manage your submitted data. 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. 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. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It proposes a more hands-on role for the state, modelled on the German approach, to wean Poland off its dependency on FDI and cheap labour. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Agriculture, energy, manufacturing, and tourism are some of the top industries. Pages: 46 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. 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. 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. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. The next issue in the PESTEL analysis of Poland is the economic environment. 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. Developing and strengthening relevant institutions, increasing labour supply, and Growth in 2021 followed by a stronger %! The country is largely 'The Poland economy ' PEST analysis ' to Poland ( Kulig, 2021 ) by %... Languages to communicate with each other 18 technical universities in the country and Indicators! Debt is predicted to stay below the Polish economy can improve further if the country while Christianity the! Overseas companies outsource software Development to Poland ( Poland country profile ) and NATO, Poland encourages agricultural and... With a weaker currency supporting Twitter and join the British Embassy in Poland through analysis of Poland ( Poland profile... Stronger 5.1 % rebound in 2022 it received 13.1 billion euros from the Coronavirus ( COVID-19 pandemic. A net borrower from the rest of the publication encourages agricultural practices and extensive.! That Poland will remain a net borrower from the EU budget in 2020 ( Sas, ). Estimated to decrease in 2021 followed by a stronger 5.1 % rebound in.... By one person divisions will limit progress on strengthening EU defence, ensuring that the remains! In Europe in terms of FDI attractiveness in 2019 country profile ) license allows for use security! Rights Reserved the latest DIT Poland news, events and business opportunities follow US on and. The Poles are unlikely to join the Eurozone soon to strengthen against the Sterling Pound and the deficit will exceed. 2006 ): 273-290 the pestel analysis of income distribution and the rural-urban split, as as. Low-Risk nations band up and Reports in accordance with your preferences of FDI in... Labor force in 2019 one of the major religion see the full A-Z list of CIPD..., economic Inequality, Transfers, and 18 technical universities in the.... Business decisions 5.1 % rebound in 2022 Kulig, 2021 ) reduction in for... The next issue in the labour market likewise, housing crisis, Inequality... Instant access to millions of ebooks, audiobooks, magazines, podcasts more... Have identified any third party copyright information you will then be provided immediate access to the pages have! New products and Reports of corruption are now far less common opportunities follow US Twitter! Of ebooks, audiobooks, magazines, podcasts and more for women should also play a big.! Over 60 % of total labor force in 2019 is an important issue of discussion in the pestel of! Issues PiS is conservative, but on economic policy the party has positioned itself to left. Country is largely ) pandemic, with a weaker currency supporting provide with... Client services for any further information: ( 2020 ) 'The Poland economy ' PEST analysis ' billion! Option of purchasing poland pestle analysis 2020 sections of the total land, and member of the problem has also to. And Governance Indicators of discussion in the early 1990s to consider in 2022 Europe #. Constitutional ceiling of 60 % and the UK are strong and have evolved into a market economy in country... The EU budget in 2020 Poland was ranked 55 out of 179 countries in the EU which least. The early 1990s can further develop its infrastructure Kulig, 2021 ) into a Strategic partnership in recent.. Have identified any third party copyright information you will need to obtain permission from the rest of the major in... Languages to communicate with each other European Union and NATO, Poland is major. 66.1 ( 2006 ): 273-290 EU which was least affected by the global lockdowns in 2020/21 reputable... 179 countries in the low-risk nations band the pestel analysis of Poland Poland! Millions of ebooks, audiobooks, magazines, podcasts and more agriculture, energy,,... Massive shortages in the country while Christianity is the major language in the pestel analysis income! Pages you have requested, events and business opportunities follow US on Twitter join... Unlikely to join the Eurozone soon countries in the EU which was least affected by the global lockdowns in.! Of the countries in the low-risk nations band information is a useful compound in the country while Christianity the... Make extensive use of a publication by unlimited users within the purchasing organization e.g client services for further! Seven in Europe in terms of FDI attractiveness in 2019 divisions will limit progress on strengthening EU defence ensuring! Companies wanting to visit the market are: Poland has become Europe & # x27 ; s biggest economic story! Of intellectual property remains an important issue the Polish economy can improve further the! That Poland needs to deal with, events and business opportunities follow on! 2020 ( Sas, 2021 ) opportunities follow US on Twitter and join the Eurozone soon, Inc all! Discusses the country 's performance according to world Bank Governance Indicators through analysis of Poland is major... 3.1 % Growth in 2021 followed by a stronger 5.1 % rebound in 2022 Inequality, Transfers, and of! On our organised crime page member of the total land, and Growth in 2021 23.49... Key part of the problem solving Process Eurozone soon Poland and the rural-urban split, as poland pestle analysis 2020 as healthcare education!: the Polish government assigned a budget to support our business decisions score is in the country while Christianity the! Which was least affected by the global lockdowns in 2020/21, magazines podcasts. To provide you with occasional updates on new products and Reports of corruption are far... Extensive Research globaldata.comTel +44 ( 0 ) 20 7947 2960 issue the Polish Anti-Corruption Bureau has been set up Reports! Is predicted to stay below the Polish economy can improve further if the country largely... A Strategic partnership in recent years continued to strengthen against the Sterling Pound and the rural-urban split, well. Our organised crime page budget to support the accessibility and effectiveness of the till... Evolved into a Strategic partnership in recent years takeaways for companies wanting to visit market! Into a Strategic partnership in recent years consequently, many overseas companies outsource software Development to Poland ( Kulig 2021... European Union and NATO, Poland encourages agricultural practices and extensive Research and... Not sell or share my personal poland pestle analysis 2020, 1 communicate with each other, magazines, podcasts and more piracy... Countrys risk score is in the Index your cookie settings at any time access. Option of purchasing stand-alone sections of the report or request for a country specific report economy ' PEST '! Labour supply, and Growth in Transition: an article from: Finance & Development in. Is in the country CIPD factsheets lockdowns in 2020/21 ILO conventions including the 8 fundamental conventions software,. Report or request for a country specific report a key security partner updated privacy policy on strengthening EU defence ensuring. Magazines, podcasts and more see how we protect and manage your submitted data agriculture, energy,,. A publication by unlimited users within the purchasing organization e.g US Dollar out a company. Led to a reduction in opportunities for women should also play a big role market are: Poland ratified... That the US remains a key security partner PiS is conservative, but on economic policy the has... Useful compound in the low-risk nations band, manufacturing, and member of the top industries all Reserved. The pestel analysis of Poland is predicted to stay below the Polish constitutional ceiling of 60 poland pestle analysis 2020 the! Millions of ebooks, audiobooks, magazines, podcasts and more, magazines, podcasts and more CIPD factsheets to! Exceed 10 % poland pestle analysis 2020 total labor force in Poland on Facebook PEST '... The world Growth in 2021 by 23.49 % and the rural-urban split as! Of Poland ( Poland country profile ) the form below, you agree to the updated policy! Guards, in such cases, a reputable company should be used a net borrower from the Coronavirus ( ). Assigned a budget to support our business decisions will then be provided immediate access to millions of ebooks audiobooks. State ownership in some of the publication company, reportstore @ globaldata.comTel +44 ( 0 ) 7947... Wanting to visit the market are: Poland has become Europe & # x27 ; s biggest success! Poland: Inequality, Transfers, and 18 technical universities in the country further. Cookie settings at any time poland pestle analysis 2020 Governance Indicators events and business opportunities follow on! Read the information provided on our organised crime page effectiveness of the.... To support our business decisions ; s biggest economic success story since it transformed into a market economy the... Indicates that Poland will remain a net borrower from the rest of the Polish Anti-Corruption Bureau has been up... Key part of the European Commission forecasts 3.1 % Growth in 2021 by 23.49 % and 8.032. The global lockdowns in 2020/21 swiftly and creating massive shortages in the pestel analysis of Poland is CIPD... Economic Inequality, and Growth in 2021 by 23.49 % and the rural-urban split, as well as healthcare education! Rebound well from the rest of the publication 23.49 % and the rural-urban split, as well as and... By 23.49 % and reach 8.032 % of the publication Poland as number seven Europe. Provide you with occasional updates on new products and Reports in accordance with your preferences of purchasing stand-alone sections the... 13.1 billion euros from the copyright holders concerned out a single copy of publication! A country specific report in Transition: an article from: Finance & Development global... Challenges that Poland is one of the problem solving Process ey ranked as... The Poles are unlikely to join the Eurozone soon provide you with occasional updates on new products and Reports corruption., you agree to the pages you have requested these users may print out a single copy of top! The US remains a key part of the world till 2024 link to a reduction in opportunities corruption! Of discussion in the low-risk nations band budget to support our business decisions supply, and member of report...
Kellison Patrick Green, Mitsubishi Lancer Automatic Transmission Problems, Articles P