In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. 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. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. The main assumption of the PESTLE analysis . Every customers requirement is unique. We utilize security vendors that protect and Now customize the name of a clipboard to store your clips. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. This person cannot share the publication (or any information contained therein) with any other person or persons. In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. To begin with, Poland has a stable government. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. These users may print out a single copy of the publication. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? IvyPanda. It is officially known as the Republic of Poland. "The Poland Economy' PEST Analysis." Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. 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. You have accepted additional cookies. They also borrow ideas and skills from new visitors and investors. 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. . 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. This license is applicable to students, teachersand other academicians of any educational institute or university. 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). For that purpose the PESTLE analysis was applied. 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). This essay on The Poland Economy PEST Analysis was written and submitted by your fellow It will take only 2 minutes to fill in. London: Edward Elgar Pub, 2000. The current political situation explains why the country continues to have positive economic growth. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Customers who infringe these license terms are liable for a Global license fee. 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. Since 1990, the country's economy has been growing "exponentially." MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). The company is also seen to be in a push to open other concession outlets in Germany. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Dec 23 2020: 37: USD 350.00: New Cars in Peru . This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. 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. 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. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Poland is the 23rd largest economy in the world. https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. 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. 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. 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. Please complete the form below, you will then be provided immediate access to the pages you have requested. 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. Please choose the suitable license type from above. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. 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. Unless a Global License is purchased, a Academia License must be purchased for every person that wishes to use the publication within the same organization. Print. Polands ease of doing business ranking improved from 33rd position in 2018. 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. There are some citizens facing certain ethical concerns in the workplace. As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. Read the information provided on our bribery and corruption page. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. This will help us provide youwith answersso that you can purchase with confidence. 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. | Published by: MarketLine Poland maintains very good relations with the United States. We also use your market data in our Strategic Business Process to support our business decisions. 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. London: Author-House, 2006. Many people are discriminated against because of their age, religion, or gender. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). . 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. Print. Please check our Privacy Policy to see how we protect and manage your submitted data. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. All rights reserved LCHW. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland. 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. 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. 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. 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. 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. 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. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. All orders are processed in US Dollars only. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. However, ironically anti-migrant sentiment is high in some parts of the Polish society. It appears that you have an ad-blocker running. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Analysis of external factors. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. 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. Print. 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. Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. This issue is being addressed both by Poland and the UK. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. 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. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. The GlobalData platform is our go-to tool for intelligence services. PESTLE Insights provides a 360-degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials, and direction of operations. Do not sell or share my personal information, 1. Actual report cover may vary. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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. 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. Your privacy is extremely important to us. The constitution of Poland assures the independence of the judiciary. 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. - How does Poland perform in terms of healthcare, income distribution, and education? Poland is now among the fastest-growing economies in the European Union (EU). By accepting, you agree to the updated privacy policy. Handbook of Economic Growth. Poland: A Unique Country and Its People. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. The goal of this article is to identify the existing economic situation in the four main Southern European countries: Greece, Italy, Portugal, and Spain (GIPS), and in Poland, conduct a. You have rejected additional cookies. 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. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. How can you benefit from that? 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). Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Kindly use your official email address and contact number to ensure speedy response. Roll No: 16. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. PEST Analysis: Poland. 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 . ensure the integrity of our platform while keeping your private information safe. Can be shared by unlimited users within one corporate location e.g. 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. Farming takes up over 60% of the total land, and the country is largely . It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. 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. Print. Activate your 30 day free trialto continue reading. Tobacco and alcohol are some of the most commonly smuggled goods. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . Discounts available for multiple purchases. The country also enjoys the best cuisines, traditional practices, and religious beliefs. Polands growth has been driven by strong domestic demand, dynamic exports, improved productivity, foreign investment, a stable banking system, and a significant inflow of EU cohesion funds. The Poland Economy' PEST Analysis. Need a custom Essay sample written from scratch by June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/.