Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Click here to review the details. Most visitors to Poland experience no difficulties. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Dont include personal or financial information like your National Insurance number or credit card details. Technical. "The Poland Economy' PEST Analysis." Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. The political situation in the country offers new opportunities for doing business (Herbener 12). The discussion below presents a PEST Analysis for Poland. "The Poland Economy' PEST Analysis." The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. London: Edward Elgar Pub, 2000. The major challenge affecting the country is the high rate of unemployment. We also use your market data in our Strategic Business Process to support our business decisions. 1. Currently, Poland is doing business with different countries, thus making it an economic powerhouse in the region. PRESENTATION We've encountered a problem, please try again. Polands unemployment rate was 3.279% of total labor force in 2019. 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. Can be shared by unlimited users within one corporate location e.g. Poland is a developed country. *Please note that the report cover image shown above is for representation purpose only. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. Deck-Partyka, Alicja. They also borrow ideas and skills from new visitors and investors. available at: https://tsh.io/blog/poland-it-industry-2021/ (accessed 17 April 2021), PwC (2021) Poland, available at: https://taxsummaries.pwc.com/poland/corporate/taxes-on-corporate-income (accessed 16 April 2021), Santander (2020) Poland economic and political outline, available at: https://santandertrade.com/en/portal/analyse-markets/poland/economic-political-outline (accessed 16 April 2021), Santora, M. (2021) Poland Bashes Immigrants, but Quietly Takes Christian Ones, available at: https://www.nytimes.com/2019/03/26/world/europe/immigration-poland-ukraine-christian.html (accessed 17 April 2021), Sas, A. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. 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). The section also discusses the country's performance according to World Bank Governance Indicators. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 66.94% and reach 9.919% in 2020. 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. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. 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. Master thesis presentation (Qafqaz University), Le strategie di Marketing di San Benedetto, International Business: Poland Presentation, Warsaw Insight #2 - key policy developments in Poland, Warsaw Insight #3 - key policy developments in Poland - June 2014, Warsaw Insight #4 - key policy developments in Poland - July 2014, Warsaw Insight #4 - key policy developments in Poland - September 2014, Warsaw Insight #5 - key policy developments in Poland - October 2014, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. 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 person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. You can change your cookie settings at any time. Print. 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. Poland is a powerful country in Central Europe. PESTEL analysis of Poland (Poland country profile) . Warsaw: Oxford University Press, 2004. 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%. Activate your 30 day free trialto unlock unlimited reading. Warsaw: Oxford University Press, 2006. Free access to premium services like Tuneln, Mubi and more. 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. 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). The main assumption of the PESTLE analysis . must. IvyPanda. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). Agriculture, energy, manufacturing, and tourism are some of the top industries. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. The countrys risk score is in the low-risk nations band. Levels of organised crime in Poland remain low and most businesses will be unaffected. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. Poland has greatly benefitted from the open borders of the European Union. Activate your 30 day free trialto continue reading. The Polish economy is well diversified. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). - New state tax policies for accounting. Please choose the suitable license type from above. You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. Understand the political system in Poland through analysis of key figures in the country and governance indicators. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. It is officially known as the Republic of Poland. Analysis of external factors. 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.. This, together with continuing low interest rates and the execution of EU fundsrelated investments, will help sustain Poland's economic growth prospects in the near term. - New employment laws for employee handbook maintenance. This license is applicable to students, teachersand other academicians of any educational institute or university. This essay on The Poland Economy PEST Analysis was written and submitted by your fellow Every customers requirement is unique. The client services team will arrange delivery of your sample pages. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. The constitution of Poland assures the independence of the judiciary. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. 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. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. +44 20 7947 2960. 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. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. Poland is a beautiful country. 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. Environmental Landscape: The countrys performance was robust by securing the highest rank on many indicators, which include the first rank on black carbon growth rate, marine protected areas, and SO2 growth rate. 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. Through analysis of key figures in the region secured the first rank on Poland! New opportunities for doing business with different countries, thus making it an economic powerhouse in the longer term changing... Overseas companies outsource software development to Poland ( Poland country profile ) representation only. 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