Every customers requirement is unique. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. The government has maintained the best conditions for doing business (Deck-Partyka 24). However, one of the biggest challenges for the country is how to encourage Polish engineers and IT experts to stay in the country, as many of them go abroad for better opportunities. In 2021 however, the government is expected to present and implement a recovery and development plan, a so called New Deal for 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. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Poland. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? - How does Poland perform in terms of healthcare, income distribution, and education? By: Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. . Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. 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). (2020) 'The Poland Economy' PEST Analysis'. Poland has several infrastructure projects in the works such as a warehouse complex, three nine-story residential buildings, as well as an expressway from Borki Wielkie to Elk Poland. 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. Print. 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. 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. PEST Analysis, Country Forecast and Other Details. 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. 3. Poland is also a diverse country in terms of culture (Zylicz 73). Prasad, Eswar and Michael Keane. Tap here to review the details. Dont worry we wont send you spam or share your email address with anyone. 2020 Eddusaver.com. Over the longer term, Polands economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labour code, commercial court system, government regulation, and burdensome tax system. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Read the information provided on our terrorism threat. +44 20 7947 2960. IvyPanda. Please use the form given below to let us know your questions related to this report. Telecommunications, transport, construction, IT, and financial services are some of the sectors that have been booming for quite some time. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over 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. Analysis of external factors. New York: Routledge, 2003. All rights reserved LCHW. It is also a member of NATO, the UN, OECD, European Economic Area, International Energy Agency, Schengen Agreement, and some other prestigious organisations and agreements. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. 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 political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. 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. SWOT Analysis of Kelloggs (Kellogg Company), PESTEL analysis of the hospitality industry, https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income, https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline, https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html, https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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 turnout was 68.1% - the second highest in Polands history and the extremely close and often aggressive campaign highlighted the deepening polarisation of Polish politics and society. *Please note that the report cover image shown above is for representation purpose only. Political environment and its impact on Poland. 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. Caution should also be taken in securing premises where goods of value are stored. People of Poland are hardworking and optimistic. PEST Analysis: Poland. Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.Synopsis. 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. 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. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. 2020. Ryan, Leo. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. These users may print out a single copy of the publication. Roll No: 16. However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. Levels of organised crime in Poland remain low and most businesses will be unaffected. Significant state ownership in some of Polands key industrial assets creates some market entry barriers. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Activate your 30 day free trialto continue reading. The Poland Economy' PEST Analysis. Actual report cover may vary. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. | 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. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. We've updated our privacy policy. There is a low threat from terrorism in Poland. New York: Wiley, 2009. Poland has greatly benefitted from the open borders of the European Union. 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. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. Poland Within the European Union. Here is a PEST analysis example that can give you a clear understanding of how this works: Political. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. The support offered during the pandemic has been sizeable. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. | Published by: MarketLine To begin with, Poland has a stable government. The major challenge affecting the country is the high rate of unemployment. The section also discusses the country's performance according to World Bank Governance Indicators. In addition, Poland encourages agricultural practices and extensive research. Print. Read the information provided on our Intellectual Property page. PEST Examples. Discounts available for multiple purchases. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. These figures demonstrate how promising the e-commerce industry is in Poland. PESTLE analysis can be an extremely effective tool in business, if used correctly. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. 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. This license allows for use of a publication by all users within one corporate location, e.g. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. 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. 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