Electronics export accounted for USD 27.1 billion, machinery for USD 43 billion, vehicles for USD 35.6 billion, chemicals for USD 35.6 billion, metals for USD 25.6 billion, minerals for USD 7.53 billion, stone for USD 6.22 billion, textiles for USD 26 billion and agriculture for USD 49.2 billion in 2018. 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. To begin with, Poland has a stable government. 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. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. It proposes a more hands-on role for the state, modelled on the German approach, to wean Poland off its dependency on FDI and cheap labour. Pages: 46 The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). The population is aging very swiftly and creating massive shortages in the labour market. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. | Published by: MarketLine Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. The Poles are unlikely to join the Eurozone soon. 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. Ryan, Leo. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. People of Poland are hardworking and optimistic. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). 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). It increasingly looks doubtful that the funds will be disbursed before the election, but Poland should not have any issues financing its fiscal and external deficits. PESTLE Insights provides a 360-degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials, and direction of operations. 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. 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. 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. The Polish economy is well diversified. Poland pestl analysis 1. 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. It appears that you have an ad-blocker running. 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. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. PEST analysis from a legal, economic . Click here to review the details. 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 country has a population of 38.5 million people. Please use the form given below to let us know your questions related to this report. Deck-Partyka, Alicja. In addition, Poland encourages agricultural practices and extensive research. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. You are free to use it for research and reference purposes in order to write your own paper; however, you Social environment and its impact on Poland. | USD $350, May, 2021 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. There are over 50 thousand software companies, and 18 technical universities in the country. Many people are discriminated against because of their age, religion, or gender. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). 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. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. Farming takes up over 60% of the total land, and the country is largely . - New state tax policies for accounting. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. a regional office. Tap here to review the details. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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.. | Published by: MarketLine You can read the details below. The section also discusses the country's performance according to World Bank Governance Indicators. Poland has a massive broadcasting market. Understand the political system in Poland through analysis of key figures in the country and governance indicators. PRESENTATION The country continues to attract investors from different parts of the world. The recent economic transformations have made the country successful. Warsaw: Oxford University Press, 2004. Tobacco and alcohol are some of the most commonly smuggled goods. Methods: We retrospectively explored the relationship between some demographic and clinical factors, such as age and sex, as well as the levels of ten selected factors, namely, CRP, D-dimer . Legal environment and its impact on Poland. PEST Analysis, Country Forecast and Other Details. We use some essential cookies to make this website work. IvyPanda. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. He writes regularly online on a variety of topics. Well send you a link to a feedback form. Aghion, Philippe, and Steven Durlauf. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. 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. However, CIVICUS, an NGO, has put Poland on its human rights watchlist as the former accuses the latter of cracking down on media, local government, peaceful protests, and freedom of expressions (Euronews, 2021). After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The Polish government introduced a `Business Constitution in April 2018, a package of laws to improve the business environment, including exemptions for start-ups and micro-businesses from registration and social security contributions, In addition, from 30 June 2018, Poland granted itself the status of a Special Economic Zone with preferential tax rates for 15 years for companies depending on the size of investment and their location. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. 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 . Print. Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). Request a Free Sample. As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. Economists believe that Poland is one of the major economic powerhouses in the world. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow Agriculture, energy, manufacturing, and tourism are some of the top industries. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Discounts available for multiple purchases. Read the information provided on our organised crime page. Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. Handbook of Economic Growth. Herbener, Sabine. Print. The current political situation explains why the country continues to have positive economic growth. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Since 1990, the country's economy has been growing "exponentially." This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. 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. 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. The government has maintained the best conditions for doing business (Deck-Partyka 24). This question is for testing whether you are a human visitor and to prevent automated spam submissions. 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. Poland is the 23rd largest economy in the world. must. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. The client services team will arrange delivery of your sample pages. Activate your 30 day free trialto continue reading. These users may print out a single copy of the publication. PEST Analysis: Poland. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Print. "The Poland Economy' PEST Analysis." There are many techniques that can be used to help identify what information to collect. Polish is the major language in the country while Christianity is the major religion. Prasad, Eswar and Michael Keane. Economic environment and its impact on Poland. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. 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