poland pestle analysis 2020

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. Poland is a beautiful country. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Poland is a major economic power in Europe. Well send you a link to a feedback form. Agriculture, energy, manufacturing, and tourism are some of the top industries. Request a Free Sample. Poland Within the European Union. The Poland Economy' PEST Analysis. Print. (2020, June 2). Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. Poland will hold a parliamentary election in November, which will be a tightly fought contest between the incumbent Law and Justice (PiS) party and the opposition Civic Platform (PO). Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Print. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. There is a low threat from terrorism in Poland. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. All rights reserved LCHW. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. Gordon, Sharon. Poland is a developed country. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? In addition, Poland encourages agricultural practices and extensive research. This is the subject of much debate in the government, making it more difficult to precisely identify Polands future plans for the economy. 2020 Eddusaver.com. Economic. Poland has a massive broadcasting market. The government has maintained the best conditions for doing business (Deck-Partyka 24). "The Poland Economy' PEST Analysis." The political situation in the country offers new opportunities for doing business (Herbener 12). Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. It is a politically stable country and has become a success story in Europe. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? There are some other social challenges that Poland needs to consider. As a result, the citizens began to promote various business activities, thus stimulating economic development. Pages: 46 News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Read More. 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. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. To know more about the Poland macroeconomic outlook, download a free report sample. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. The database is updated daily, so anyone can easily find a relevant essay example. | Published by: MarketLine Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. 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. Keep valuables and cash out of sight, especially in crowded areas and tourist spots where pickpockets and bag snatchers operate. 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. IvyPanda. More details are given under tab "Report License Types" below. (Zdeb et al., 2020). In 2018, Services industry exports was valued at USD 69.8 billion for Poland. People of Poland have pioneered different scientific inventions and technological ideas. Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. Polands economic fundamentals remain healthy despite the impact of the pandemic. The discussion below presents a PEST Analysis for Poland. 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. It is officially known as the Republic of Poland. Clipping is a handy way to collect important slides you want to go back to later. Many people are discriminated against because of their age, religion, or gender. 1. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Collecting information is a key part of the problem solving process. 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.. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. The section also discusses the country's performance according to World Bank Governance Indicators. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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). China's call for a ceasefire will notand is not intended tomeaningfully increase the chance of one. https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. To help us improve GOV.UK, wed like to know more about your visit today. PEST Analysis, Country Forecast and Other Details. He writes regularly online on a variety of topics. 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. Published: October 20, 2022 Poland. At Market Research Reports, Inc. we aim to make it easier for decision makers to find relevant information and locate right market research reports which can save their time and assist in what they do best, i.e. The client services team will arrange delivery of your sample pages. take time-critical decisions. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow 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 constitution of Poland assures the independence of the judiciary. 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.". You have rejected additional cookies. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. Files are delivered directly into your account soon . . The Poles are unlikely to join the Eurozone soon. Prasad, Eswar and Michael Keane. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. An slimmed alternative to PESTLE is the PEST Analysis. The next issue in the PESTEL analysis of Poland is the economic environment. 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. Warsaw: Oxford University Press, 2011. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? Tobacco and alcohol are some of the most commonly smuggled goods. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. 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. Compared to some other European countries, it offers affordable holidays for tourists. An Important Business Analysis Tool, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. How can you benefit from that? This person may print out a single copy of the publication. 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. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. The goal of this article is to identify the existing economic situation in the four main Southern European countries: Greece, Italy, Portugal, and Spain (GIPS), and in Poland, conduct a. Handbook of Economic Growth. Every customers requirement is unique. Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. Read the information provided on our organised crime page. This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. 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%. 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). "The Poland Economy' PEST Analysis." 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. Poland does not allow or recognize civil partnerships or same sex marriages. In 2015 Poland adopted a law requiring investors to get approval from the government to buy a stake of 20% or higher in strategic industries such as power generation, chemicals and telecommunications. Polands ease of doing business ranking improved from 33rd position in 2018. We utilize security vendors that protect and 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. Social. There are many techniques that can be used to help identify what information to collect. The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. Santoshkumar Nair Poland is a powerful country in Central Europe. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. 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. Poland: A Unique Country and Its People. The Republic of Poland Area: 312685 sq km Capital : Warsaw Neighboring states: Germany, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania, Russia Official Language: Polish Population: 38.6 million Time: Central European Time(GMT+1) Currency: Zloty(1 Euro:4.18 zloty,1$=3.15 zloty) Inflation: 4% GDP: 765.6 . In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland.

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