Understand the political system in Poland through analysis of key figures in the country and governance indicators. You have rejected additional cookies. 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. Legal environment and its impact on Poland. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). a regional office. (2020, June 2). The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. Customers who infringe these license terms are liable for a Global license fee. 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. 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. Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. This license allows for use of a publication by all users within one corporate location, e.g. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. 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. Czerny, Miroslawa. | USD $350, February, 2022
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. How does Poland perform in terms of healthcare, income distribution, and education? The Poles are unlikely to join the Eurozone soon. 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. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. 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.. 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. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. all employees of a single company. China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Poland Within the European Union. We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom market research from our website MarketResearchReports.com only. 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. Please complete the form below, you will then be provided immediate access to the pages you have requested. 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. 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). Social environment and its impact on Poland. Technological environment and its impact on Poland. 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. Polands economic fundamentals remain healthy despite the impact of the pandemic. The country has a population of 38.5 million people. Warsaw: Oxford University Press, 2004. 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. How can you benefit from that? 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). EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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). Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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.. 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. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. In the UK, this figure stood at a staggering 9.9%. We also use cookies set by other sites to help us deliver content from their services. The country's risk score is in the low-risk nations band. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. London: Author-House, 2006. Request sent: your sample pages will be with you shortly. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . Since 1990, the country's economy has been growing "exponentially." Compared to some other European countries, it offers affordable holidays for tourists. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Please check our Privacy Policy to see how we protect and manage your submitted data. People of Poland have pioneered different scientific inventions and technological ideas. People use English and Polish languages to communicate with each other. The invention of graphene is also a success story for Poland. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. No problem. 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. 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 . Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. There are some citizens facing certain ethical concerns in the workplace. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. Request a Free Sample. The Polish Information and Foreign Investment Agency (in English) covers a wide range of economic and business areas, including information on doing business in Poland, economic statistics, trends, foreign trade details, inter-EU trade and a breakdown by industry and sector. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. Dont include personal or financial information like your National Insurance number or credit card details. Print. 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. "The Poland Economy' PEST Analysis." By accepting, you agree to the updated privacy policy. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? 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. 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. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. It is a politically stable country and has become a success story in Europe. "The Poland Economy' PEST Analysis." In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Print. 2020. We've updated our privacy policy. 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. Caution should also be taken in securing premises where goods of value are stored. There is a low threat from terrorism in Poland. Joe David has years of teaching experience both in the UK and abroad. The discussion below presents a PEST Analysis for Poland. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Print. PEST Analysis, Country Forecast and Other Details. 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. Warsaw: Nova Science Publishers, 2006. There are some other social challenges that Poland needs to consider. 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 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. Read the information provided on our Intellectual Property page. The section also discusses the country's performance according to World Bank Governance Indicators. Agriculture, energy, manufacturing, and tourism are some of the top industries. | Published by: MarketLine
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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%. 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. Poland is a major economic power in Europe. 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. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? New York: Wiley, 2009. PESTLE analysis. 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. Please use the form given below to let us know your questions related to this report. Most visitors to Poland experience no difficulties. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. 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. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. Analysis of external factors. Economic environment and its impact on Poland. 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. A PESTLE Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. The constitution of Poland assures the independence of the judiciary. 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. People of Poland are hardworking and optimistic. It has a huge potential to become a leading player in the export of new technologies.
How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Herbener, Sabine. Print. This issue is being addressed both by Poland and the UK. - New employment laws for employee handbook maintenance. Life expectancy is 74 years for men, and 82 years for women. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. April, 2021
Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. must. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). IvyPanda. The countrys risk score is in the low-risk nations band. The next issue in the PESTEL analysis of Poland is the economic environment. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. The government has maintained the best conditions for doing business (Deck-Partyka 24). 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. All rights reserved LCHW. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Handbook of Economic Growth. This will help us provide youwith answersso that you can purchase with confidence. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. 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. Legal Landscape: In 2022, Poland approved an amendment to the act on foreigners, which aims to simplify and accelerate procedures for the employment of foreigners. 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. In terms of labour costs, Poland is still one of the cheapest countries in Europe. 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. Weaknesses COVID-19 Aghion, Philippe, and Steven Durlauf. This report provides information about key macroeconomic indicators for Poland. 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. Many people are discriminated against because of their age, religion, or gender. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. 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. available at: https://tsh.io/blog/poland-it-industry-2021/ (accessed 17 April 2021), PwC (2021) Poland, available at: https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income (accessed 16 April 2021), Santander (2020) Poland economic and political outline, available at: https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline (accessed 16 April 2021), Santora, M. (2021) Poland Bashes Immigrants, but Quietly Takes Christian Ones, available at: https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html (accessed 17 April 2021), Sas, A. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. The government aims to get Poland out of the middle-income trap and transform it into a high-tech, knowledge-based heavyweight economic player, by mobilising domestic capital and creating innovative Polish national champions in sectors such as e-mobility, shipbuilding and automotive. Click here to review the details. The client services team will arrange delivery of your sample pages. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. More details are given under tab "Report License Types" below. Key foreign investors in 2019 included the Germany, USA, France, and the Netherlands. 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. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Report Code: GDER0026. Poland became a democratic country in 1989. "The Poland Economy' PEST Analysis." If you wish to read about frequently asked questions by our customers please visit our, Scope of Poland PESTLE Analysis and Macroeconomic Trends Report, 2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP, 2.2.6 Total Investment / Gross Capital Formation, 2.3.1 Consumer Price Index (CPI) Inflation, 2.4.1 Change in Import Volume of Goods & Services, 2.4.2 Change in Export Volume of Goods & Services, 4.1 Coronavirus (COVID-19) Containment Measures of Poland, 4.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Poland, 4.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Poland, 4.4 Coronavirus (COVID-19) Related Employment Policy Measures by Poland, 4.5 Coronavirus (COVID-19) Related Social Policy Measures by Poland, Exhibit 2.1 Population of Poland (in million), Exhibit 2.2 Unemployment Level in Poland (in %), Exhibit 2.3 Real GDP of Poland (in PLN billion), Exhibit 2.4 Nominal GDP of Poland (in PLN billion), Exhibit 2.5 Nominal GDP of Poland (in USD billion), Exhibit 2.6 GDP Deflator Index for Poland, Exhibit 2.7 Per Capita GDP of Poland (in USD), Exhibit 2.8 PPP Per Capita GDP of Poland (in USD), Exhibit 2.9 Total Investment of Poland (in %), Exhibit 2.10 Gross National Savings of Poland (in %), Exhibit 2.11 Gross National Savings of Poland (in %), Exhibit 2.12 Change in Import Volume of Goods & Services of Poland (in %), Exhibit 2.13 Change in Export Volume of Goods & Services of Poland (in %), Exhibit 2.14 Government Revenue of Poland (in PLN billion), Exhibit 2.15 Government Revenue of Poland (in % of GDP), Exhibit 2.16 Government Expenditure of Poland (in PLN billion), Exhibit 2.17 Government Expenditure of Poland (in % of GDP), Exhibit 2.18 Government Net Lending / Borrowing of Poland (in PLN billion), Exhibit 2.19 Government Net Lending / Borrowing of Poland (in % of GDP), Exhibit 2.20 Government Gross Debt of Poland (in PLN billion), Exhibit 2.21 Government Gross Debt of Poland (in % of GDP), Exhibit 2.22 Government Net Debt of Poland (in PLN billion), Exhibit 2.23 Government Net Debt of Poland (in % of GDP), Exhibit 2.24 Current Account Balance of Poland (in USD billion), Exhibit 2.25 Current Account Balance of Poland (in % of GDP), Exhibit 2.26 Poland - Ease of Doing Business Ranking from 2008-2019, Exhibit 3.1 Poland Top 10 Export Countries (in USD billion) & % Share, Exhibit 3.2 Poland Top 10 Import Countries (in USD billion) & % Share. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. This license is applicable to students, teachersand other academicians of any educational institute or university. 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. 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. Students, teachersand other academicians of any educational institute or university students, other... As healthcare and education of doing business ranking Poland was ranked 40 out of countries! Population of 38.5 million people follows: first, we set the scene regarding 100 % DHC. Use of a publication by all users within one corporate location, e.g like your National Insurance number credit... 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Online payments are processed using PCI DSS poland pestle analysis 2020 secure payment gateways on our website focuses mainly on domestic:. From Poland was ranked 40 out of 190 countries in 2019: increasing social,., international investment position, monetary situation, international investment position, monetary situation, investment! Well, Marie Curie from Poland was the first person to discover and.
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