take time-critical decisions. | Published by: MarketLine | Published by: MarketLine How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. 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. 2020 Eddusaver.com. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. all employees of a single company. As a result, the citizens began to promote various business activities, thus stimulating economic development. A PESTLE 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. 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. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. See the full A-Z list of all CIPD factsheets . Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. People use English and Polish languages to communicate with each other. Dont worry we wont send you spam or share your email address with anyone. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Life expectancy is 74 years for men, and 82 years for women. 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. 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. 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. How does Poland perform in terms of healthcare, income distribution, and education? Every customers requirement is unique. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. To know more about the Poland macroeconomic outlook, download a free report sample. Do not sell or share my personal information, 1. | USD $350, 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 publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. The database is updated daily, so anyone can easily find a relevant essay example. The plan will incorporate reforms and public investments in the areas including public finances, healthcare reform, labor market, innovations, qualifications, and development of renewable energy sources. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. Social environment and its impact on Poland. There is a low threat from terrorism in Poland. The next issue in the PESTEL analysis of Poland is the economic environment. Looks like youve clipped this slide to already. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. 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. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. Request sent: your sample pages will be with you shortly. Dec 23 2020: 37: USD 350.00: New Cars in Peru . How can you benefit from that? How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. reportstore@marketline.com 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. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. The country continues to attract investors from different parts of the world. Pages: 46 Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of 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 . GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. 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. 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. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. Poland. PEST Examples. Poland is a major economic power in Europe. The country also enjoys the best cuisines, traditional practices, and religious beliefs. Agriculture, energy, manufacturing, and tourism are some of the top industries. Poland has a massive broadcasting market. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. 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. Do you have more questions related to this market research report after going through the description and table of contents? The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. It is an important member of the EU. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Farming takes up over 60% of the total land, and the country is largely . The country's risk score is in the low-risk nations band. The Poland Economy' PEST Analysis. professional specifically for you? By: Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Czerny, Miroslawa. Activate your 30 day free trialto continue reading. 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. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Please contact client services for any further information: Your sample pages are downloading now. Currency Conversion is for Indicative purpose only. 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. 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. 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. 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.. You can change your cookie settings at any time. - New state tax policies for accounting. Levels of organised crime in Poland remain low and most businesses will be unaffected. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. Nevertheless, Poland's economy contracted in the fourth quarter of 2022 and EIU expects a period ofeconomic stagnation in early 2023 as household spending is eroded byrecord-high inflation and monetary tightening weakens fixed investment. Poland is also a diverse country in terms of culture (Zylicz 73). Social. Economic. 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. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. 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. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. The government has maintained the best conditions for doing business (Deck-Partyka 24). The Polish economy is well diversified. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. The major challenge affecting the country is the high rate of unemployment. This license allows for use of a publication by all users within one corporate location, e.g. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. Print. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Request a Free Sample. 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. 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. 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. According to National Bank of Poland data, in cumulative terms at the end of 2019, the UK was 5th largest investor in Poland (PLN48.1bn). The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. Szczerbiak, Aleks. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. You may contact us at any time to opt-out. The main assumption of the PESTLE analysis . Poland is a developed country. Joe David has years of teaching experience both in the UK and abroad. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. Technological environment and its impact on Poland. No problem. 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. 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. | USD $350, February, 2022 This makes the country one of the best places to invest (Czerny 37). 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