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. Cases of abuse of authority are also common in the country (Ryan 274). Warsaw: Oxford University Press, 2011. It is an important member of the EU. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. More details are given under tab "Report License Types" below. Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 2021). This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Read the information provided on our Intellectual Property page. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. Poland PESTLE Analysis & Macroeconomic Trends Market Research Report. You have rejected additional cookies. 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. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. This person may print out a single copy of the publication. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Peru, officially the Republic of Peru, is a country in western South America. According to UNCTADs 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 billion, in line with the USD 13.9 billion recorded one year earlier. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. The main assumption of the PESTLE analysis . 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. Costing Nature in a Transition Economy: Case Studies in Poland. 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.. Please check our Privacy Policy to see how we protect and manage your submitted data. Print. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. Zylicz, Tomasz. Since 1990, the country's economy has been growing "exponentially." This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. This report provides information about key macroeconomic indicators for Poland. 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. Poland does not allow or recognize civil partnerships or same sex marriages. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. In March 2020, Polish authorities indicated they were planning to sue a group of LGBT rights activists who had created an "Atlas of Hate," which mapped anti-LGBT provisions that had been. Bribery is illegal. The recent economic transformations have made the country successful. Now customize the name of a clipboard to store your clips. Can be shared by unlimited users within one corporate location e.g. IvyPanda. London: Edward Elgar Pub, 2000. 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 . This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. Political environment and its impact on Poland. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . PDF | On Dec 31, 2018, Joanna Jedel and others published Evaluation and development prospects of the sports and recreation market in Poland in 2000-2030. Moreover, the country allocated money to improve access to childcare for children up to the age of three years by creating several new places in nurseries and childrens clubs and establishing a new set of quality standards for childcare, including educational guidelines. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. 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. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. PESTLE analysis can be an extremely effective tool in business, if used correctly. Poland is a beautiful country. 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. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. reportstore@marketline.com Similarly, the standard corporate income tax (CIT) rate is 19% and a lower 9% rate for small taxpayers with revenues of up to 1.2 million euros a year (PwC, 2021). New York: Routledge, 2003. Poland has greatly benefitted from the open borders of the European Union. 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. Social. 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). Internal divisions will limit progress on strengthening EU defence, ensuring that the US remains a key security partner. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals This license allows for use of a publication by unlimited users within the purchasing organization e.g. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Discounts available for multiple purchases. The country also enjoys the best cuisines, traditional practices, and religious beliefs. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Technological environment and its impact on Poland. Read More. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. 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. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. Farming takes up over 60% of the total land, and the country is largely . 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. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. 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. - How does Poland perform in terms of healthcare, income distribution, and education? 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. 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 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Dec 23 2020: 37: USD 350.00: New Cars in Peru . A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It will take only 2 minutes to fill in. 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. IvyPanda. 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. We also use cookies set by other sites to help us deliver content from their services. In addition, Poland encourages agricultural practices and extensive research. 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. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). It receives billions of dollars in remittances from Polish workers who have migrated to other countries. How can you benefit from that? 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 Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. 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. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. 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. 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. Print. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. 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. There are over 50 thousand software companies, and 18 technical universities in the country. 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. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. 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. (2021) Polands contributions to and receipts from the European Union budget from 2004 to 2019, available at: https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/ (accessed 16 April 2021), Trading Economics (2021) Poland GDP, available at: https://tradingeconomics.com/poland/gdp (accessed 15 April 2021), Worldometer (2021) Poland population, available at: https://www.worldometers.info/world-population/poland-population/ (accessed 17 April 2021), World Population Review (2021) Hardest working countries 2021, available at: https://worldpopulationreview.com/country-rankings/hardest-working-countries (accessed 17 April 2021). Learn how to effectively navigate the market research process to help guide your organization on the journey to success. Transition: poland pestle analysis 2020 article from: Finance & Development also enjoys the best countries to consider for business! 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