Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. 1. How does Poland perform in terms of healthcare, income distribution, and education? 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. 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. How can you benefit from that? Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Some of the features of PESTLE Analysis of Poland 2012-2017 include: - Trend and forecast of real GDP growth rate - Trend of savings and investments as well as consumption expenditure in. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Poland is a major economic power in Europe. Biskupski, Mieczyslaw. 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. The support offered during the pandemic has been sizeable. Poland has developed a network of labour inspectorates. 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. Pages: 46 Economic environment and its impact on Poland. IvyPanda. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Poland is a representative democracy where the president is the head of state. Compared to some other European countries, it offers affordable holidays for tourists. | Published by: MarketLine +44 20 7947 2960. 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). Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. Your data will never be shared with third parties, however we may send you information from time to time about related third party products that may be of interest to you. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Poland has not signed the Agreement on a Unified Patent Court. 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). 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. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. Need a custom Essay sample written from scratch by 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. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. 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 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. 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. We use some essential cookies to make this website work. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow PEST analysis from a legal, economic . Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. 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. Enquire Before Buying Political environment and its impact on Poland. . These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. Technological environment and its impact on Poland. Tobacco and alcohol are some of the most commonly smuggled goods. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. Agriculture, energy, manufacturing, and tourism are some of the top industries. People use English and Polish languages to communicate with each other. You may contact us at any time to opt-out. - How does Poland perform in terms of healthcare, income distribution, and education? The next issue in the PESTEL analysis of Poland is the economic environment. 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. Levels of organised crime in Poland remain low and most businesses will be unaffected. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. The government has maintained the best conditions for doing business (Deck-Partyka 24). The major challenge affecting the country is the high rate of unemployment. 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%. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Poland is a developed country. As a result, the citizens began to promote various business activities, thus stimulating economic development. 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.. 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. Poland is a powerful country in Central Europe. 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. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. PRESENTATION 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. 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. Kindly use your official email address and contact number to ensure speedy response. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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. PESTEL analysis of Poland (Poland country profile) . This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. 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.. Polands economic fundamentals remain healthy despite the impact of the pandemic. "The Poland Economy' PEST Analysis." Polands unemployment rate was 3.279% of total labor force in 2019. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? See the full A-Z list of all CIPD factsheets . To know more about the Poland macroeconomic outlook, download a free report sample. Technical. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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.". GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. 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. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? Dynamic exports, and the rural-urban split, as well as patents data ), Poland failed to provide best! 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