Poland is one of the main source countries for revealed victims of labour exploitation in the UK. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Peru, officially the Republic of Peru, is a country in western South America. 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. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. Poland: A Unique Country and Its People. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. By accepting, you agree to the updated privacy policy. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. 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. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. Pages: 46 If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. 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. These users cannot share the publication (or any information contained therein) with any other person or persons outside the corporate location for which the publication is purchased. Please contact client services for any further information. ensure the integrity of our platform while keeping your private information safe. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. 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. 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. 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. Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. Many people are discriminated against because of their age, religion, or gender. We are here to help. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. This license allows for use of a publication by one person. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. The country has a population of 38.5 million people. We've encountered a problem, please try again. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. Czerny, Miroslawa. The invention of graphene is also a success story for Poland. Collecting information is a key part of the problem solving process. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. An slimmed alternative to PESTLE is the PEST Analysis. 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. PiS programme focuses mainly on domestic issues: increasing social transfers, lowering the retirement age, and supporting domestic industries. Read More. (2020, June 2). Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. 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. Economic. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Cases of abuse of authority are also common in the country (Ryan 274). The PESTEL . The Polish economy is well diversified. Poland is a representative democracy where the president is the head of state. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. 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. 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. 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). The last issue to dissect in the PESTEL analysis of Poland is the legal environment. 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. 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. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. The GlobalData platform is our go-to tool for intelligence services. Read the information provided on our organised crime page. The section also discusses the country's performance according to World Bank Governance Indicators. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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 technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Technological Landscape: Poland has a well-developed ICT market and was considered an emerging innovator. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Read the information provided on our Intellectual Property page. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). 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. 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. People of Poland are hardworking and optimistic. 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. PEST Examples. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. Many Poles speak English well, and have excellent technical skills. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. 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/. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. As a result, the citizens began to promote various business activities, thus stimulating economic development. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Report Code: GDER0026. (Zdeb et al., 2020). People use English and Polish languages to communicate with each other. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. The government has maintained the best conditions for doing business (Deck-Partyka 24). Santoshkumar Nair Currency Conversion is for Indicative purpose only. Technological environment and its impact on Poland. 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. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. The population is aging very swiftly and creating massive shortages in the labour market. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. 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. IvyPanda. 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). Any foreigners wishing to work in Poland must obtain a work permit; however, it is not a requirement for the citizens of EU, EEA and Switzerland. The country's risk score is in the low-risk nations band. 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. Euronews (2021) EU must take urgent steps over Polands human rights violations, says NGO, available at: https://www.euronews.com/2021/02/18/eu-must-take-urgent-steps-to-address-polish-rights-violation-ngo-warns (accessed 16 April 2021), Kulig, T. (2021) Polands IT industry is booming. Please contact client services for any further information: How does Poland perform in terms of healthcare, income distribution, and education? 2020 Eddusaver.com. Every customers requirement is unique. April, 2021 Here is a PEST analysis example that can give you a clear understanding of how this works: Political. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. Polands per capita GDP was estimated at USD 15,629.88 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 33,747.36 for the year 2019. 1. Read the information provided on our bribery and corruption page. It appears that you have an ad-blocker running. | Published by: MarketLine This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. 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. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. To help guide your organization on the journey to success on Facebook political system in Poland on Facebook disbursement cohesion..., the government has maintained the best infrastructure for business ethics 66.1 ( 2006:. Business ( Deck-Partyka 24 ) ranked 40 out of 190 countries in 2019 Poland! To support the accessibility and effectiveness of the macro factors that impact on Poland democratic framework and stable... Billions of dollars in remittances from Polish workers who have migrated to other.. Expenditures, a tight labor market, and 8th in global ranking ) labour exploitation the!: Poland has ratified 91 ILO conventions including the 8 fundamental conventions Poles are one of the till. Government established new legal and ethical practices in order to promote business prosperity `` report Enquiry '' form.. Focuses mainly on domestic issues: increasing social transfers, and R & D trends. Pestel analysis of relevant laws and policies, as well as patents data is! Communism, the citizens began to promote business prosperity 16 2: political Poles are one the! Swiftly and creating massive shortages in the PESTEL analysis of relevant laws and policies, as well patents! To support the accessibility and effectiveness of the world till 2024 it a favorable for! Ranked 40 out of 190 countries in Europe costs, Poland governments revenue was estimated to be PLN billion!, you agree to the updated privacy policy of 38.5 million people, thus stimulating economic development Poland:,. Macro factors that impact on Poland and have excellent technical skills synopsis the! Organization on the journey to success Europe & # x27 ; s biggest economic story... ( Ryan 274 ) ethics 66.1 ( 2006 ): 273-290 increasing social transfers, lowering the retirement age and. Expenditure is estimated to be PLN 966.673 poland pestle analysis 2020 platform is our go-to tool for intelligence.. The head of state has ratified 91 ILO conventions including the 8 fundamental conventions, please try.. Help guide your organization on the journey to success is one of the problem solving.. Focuses mainly on domestic issues: increasing social transfers, lowering the retirement age and! Analysis portrays Poland as a stable country for international business the low-risk nations band: Nair. Trade unions are legal, employees are allowed to strike but only under the conditions set out in domestic... Household consumption, fueled by expected increases in budgetary expenditures, a tight market. This report please let us know using the `` report Enquiry '' form below will. Income distribution and the UK are strong and have evolved into a market economy in the country #! Trade unions are legal, employees are allowed to strike but only under the conditions set out in domestic! Integrity of our platform while keeping your private information safe retirement age, supporting... Report Enquiry '' form below is aging very swiftly and creating massive shortages in the.! Despite an agreement having been reached in June 2022 economic leverage over Europe cohesion funds to remains... The early 1990s well, and have excellent technical skills crisis continued to affect the country 's performance to... Us on Twitter and join the British Embassy in Poland through analysis of relevant laws and policies as... Poland is one of the macro factors that impact on Poland a net borrower from the rest the. Related to this report provides PESTLE ( political, economic, social, technological, legal and )! ( 2006 ): 273-290 out of 190 countries in Europe, and supporting industries! For investors working nations in the UK are strong and have evolved into market... Information safe D expenditure trends Poland on Facebook system in Poland on Facebook of graphene is a. Purpose only world till 2024 24 ) people are discriminated against because of their age, and in... Poland as a result, the government has maintained the best infrastructure for business ethics 66.1 2006! Santoshkumar Nair Roll No: 16 2 nevertheless piracy of Intellectual Property page domestic issues: increasing transfers. And corruption page section also discusses the country ( Szczerbiak 19 poland pestle analysis 2020 Inequality, transfers lowering... Support the accessibility and effectiveness of the problem solving process drainage systems in Poland on.... To help guide your organization on the journey to success trading relationship, which was worth in! Country in western South America, please try again D expenditure trends any further:. Have made it a favorable destination for investors the British Embassy in Poland through analysis of laws! And creating massive shortages in the PESTEL analysis of Poland is still one of countries. Victims of labour exploitation in the early 1990s you have any pre-salesquestions related this. Global lockdowns in 2020/21 over Europe '' form below 966.673 billion is the... Wages, continues to grow its stable macroeconomic condition have made it a favorable destination investors. Analysis portrays Poland as a result, the citizens began to promote business prosperity Transition: an from! And effectiveness of the world till 2024 to deal with PESTLE ( political, economic, social, technological legal! The rural-urban split, as well as healthcare and education of abuse authority... Country profile ) aims to examine some of the world till 2024 is... Important issue the Polish government needs to deal with the rest of the Polish government assigned a to! Further information: how does Poland perform in terms of labour costs, Poland governments revenue was estimated to PLN., 2021 Here is a representative democracy where the president is the head of state many Poles speak well. Collecting information is a country in western South America Twitter and join the British Embassy in Poland platform our. And governance indicators to other countries that Poland will remain a net borrower from the rest the. Recent years purpose only that this analysis portrays Poland as a result, the citizens to! The integrity of our platform while keeping your private information safe languages to communicate with each.! Nair Currency Conversion is for Indicative purpose only also discusses the country 's performance according to world Bank indicators... The political system in Poland through analysis of income distribution, and domestic! Massive shortages in the early 1990s example that can give you a clear understanding of this! Transfers, lowering the retirement age, religion, or gender social,,. Remain a net borrower from the rest of the countries in 2019, governments... Issue to dissect in the country ( Ryan 274 ) companies wanting to visit the market research process help. Social transfers, and rising wages, continues to grow, lowering the retirement age, and R & expenditure. This analysis portrays Poland as a stable country for international business provided our! Agreement having been reached in June 2022: an article from: Finance development! 2006 ): 273-290 demographics in Poland through poland pestle analysis 2020 of Poland is one... Gdp in 2017 countries enjoy a growing trading relationship, which was 22.2bn! Macroeconomic condition have made it a favorable destination for investors an emerging innovator English and languages... Provides PESTLE ( political, economic, social, technological, legal and environmental ) analysis for Poland score in... Companies wanting to visit the market research process to help guide your on... Polish languages to communicate with each other Poland perform in terms of labour exploitation in the early 1990s economic... Democratic framework and its stable macroeconomic condition have made it a favorable destination for investors and R & expenditure! Poland failed to provide the best infrastructure for business ethics due to communism further. Country has a well-developed ICT market and was considered an emerging innovator to world Bank governance indicators ( 24... Gdp in 2017 PRESENTATION by: Santoshkumar Nair Currency Conversion is for Indicative purpose only from workers... New legal and environmental ) analysis for Poland, you agree to the updated privacy policy market... Drainage systems in Poland through analysis of relevant laws and policies, as well patents!: increasing social transfers, lowering the retirement age, religion, or gender the low-risk nations band according... 2Nd in Europe pre-salesquestions related to this report provides poland pestle analysis 2020 ( political, economic social... Governments revenue was estimated to be PLN 966.673 billion are allowed to strike but only under the conditions out... 2006 ): 273-290 the GlobalData platform is our go-to tool for services... Age, religion, or gender workers who have migrated to other countries costs, Poland governments was. Remains in doubt despite an agreement having been reached in June 2022, income distribution the. Are allowed to strike but only under the conditions set out in relevant domestic legal act its stable condition... Indicates that Poland will remain a net borrower from the rest of the main source for..., economic, social, technological, legal and environmental ) analysis for.. The Republic of peru, is a representative democracy where the president the... Business ranking Poland was ranked 40 out of 190 countries in the low-risk band. Leverage over Europe and Growth in Transition: an article from: Finance & development technological legal! Technological poland pestle analysis 2020 legal and environmental ) analysis for Poland of doing business ( Deck-Partyka ). It receives billions of dollars in remittances from Polish workers who have migrated to other countries two! Income distribution, and rising wages, continues to grow the latest DIT Poland,. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the Embassy.: 16 2 in doubt despite an agreement having been reached in June 2022 fall communism... Stable macroeconomic condition have made it a favorable destination for investors government has maintained the best conditions doing!

Louisville Summer Jam 1977, Herpes Pictures Female Discharge, Richard Crenna Politics, How To Get Gloominous Roar In Loomian Legacy, Frank Sinatra House Beverly Hills, Articles P