The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. Poland's tourism industry generated a revenue of PLN 124.6 billion in 2018 which is a marked 6.8 percent increase compared to the previous year. Read the information provided on our terrorism threat. Herbener, Sabine. Bribery is illegal. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. The EUs 5th largest market by population, Poland enjoyed 28 years of unbroken growth prior to a slight downturn in 2020 due to the impact of the COVID pandemic; however the decline was relatively mild GDP fell by an estimated 2.8%, after growing at 4.5% in 2019. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. Deck-Partyka, Alicja. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. 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. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. The country's risk score is in the low-risk nations band. Dont worry we wont send you spam or share your email address with anyone. We use some essential cookies to make this website work. Poland has several infrastructure projects in the works such as a warehouse complex, three nine-story residential buildings, as well as an expressway from Borki Wielkie to Elk Poland. It has a huge potential to become a leading player in the export of new technologies. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Please contact client services for any further information: Your sample pages are downloading now. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. As a result, the citizens began to promote various business activities, thus stimulating economic development. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. 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. Currency Conversion is for Indicative purpose only. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. 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. Agriculture, energy, manufacturing, and tourism are some of the top industries. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. The Poland Economy' PEST Analysis. 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/. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). 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. "The Poland Economy' PEST Analysis." 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. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Aghion, Philippe, and Steven Durlauf. The Polish economy is well diversified. Polands ease of doing business ranking improved from 33rd position in 2018. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. In August 2022, the European Commission approved the National Strategic Plan prepared by Poland for the 202327 EU Common Agricultural Policy (CAP) that will support the sustainable development of Polish farms, the processing sector, and the improvement of living and working conditions in rural areas. 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. The strategy attracted new investors and eventually promoted economic development in the country (Czerny 46). This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-poland/overseas-business-risk-poland. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. The population is aging very swiftly and creating massive shortages in the labour market. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Poland has become Europes biggest economic success story since it transformed into a market economy in the early 1990s. Customers who infringe these license terms are liable for a Global license fee. 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. The discussion below presents a PEST Analysis for Poland. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Kindly use your official email address and contact number to ensure speedy response. Most visitors to Poland experience no difficulties. Technological environment and its impact on Poland. 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. 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.. You can read the details below. 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. 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Levels of organised crime in Poland remain low and most businesses will be unaffected. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Rising state influence is creating instability in Poland's political landscape and in relations with the European Union (EU). Poland. must. | USD $350, Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. 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. Enquire Before Buying Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. How the war in Ukraine affected the EU economy, Europe's new security architecture takes shape, EU policy round-up: migration and Mercosur, Russia suspends participation in New START nuclear treaty, Chinas neutrality on Ukraine will strain ties with West, Europe chart of the week: the EU and electric vehicles. 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. Published: October 20, 2022 Significant state ownership in some of Polands key industrial assets creates some market entry barriers. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. 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. People of Poland have pioneered different scientific inventions and technological ideas. 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). Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Well send you a link to a feedback form. 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. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. The Poland Economy' PEST Analysis. Poland has greatly benefitted from the open borders of the European Union. "The Poland Economy' PEST Analysis." PEST Analysis: Poland. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. All orders are processed in US Dollars only. Nevertheless, Poland's economy contracted in the fourth quarter of 2022 and EIU expects a period ofeconomic stagnation in early 2023 as household spending is eroded byrecord-high inflation and monetary tightening weakens fixed investment. Warsaw: Nova Science Publishers, 2006. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. 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). 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. 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. More details are given under tab "Report License Types" below. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. PESTEL analysis of Poland (Poland country profile). If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. 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. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. 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. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. 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. 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). On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. IvyPanda. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. According to the National Bank of Poland, this growth rate of the GPD is due to investment and consumption.Because of the rapid growt there is a rise in employment and a dip in unemployment giving rise to an increase in employee wages. 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. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. How can you benefit from that? We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Warsaw: Oxford University Press, 2006. IvyPanda. The SlideShare family just got bigger. Read the information provided on our safety and security page. 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. PESTLE analysis. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Many people are discriminated against because of their age, religion, or gender. Print. The database is updated daily, so anyone can easily find a relevant essay example. The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. We explore growing consensus around stronger border controls and renewed momentum for the EU-Mercosur free trade deal. 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%. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. Background: The correct analysis of COVID-19 predictors could substantially improve the clinical decision-making process and enable emergency department patients at higher mortality risk to be identified. This license is applicable to students, teachersand other academicians of any educational institute or university. 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. Zylicz, Tomasz. 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. professional specifically for you? Legal environment and its impact on Poland. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. . The turnout was 68.1% - the second highest in Polands history and the extremely close and often aggressive campaign highlighted the deepening polarisation of Polish politics and society. *Please note that the report cover image shown above is for representation purpose only. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. 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 license allows for use of a publication by one person. 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. 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. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. 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. The Polish Anti-Corruption Bureau has been set up and reports of corruption are now far less common. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. Print. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. (2020, June 2). There is a low threat from terrorism in Poland. Poland is a developed country. - Political instability in a foreign partner country. We've updated our privacy policy. The section also discusses the country's performance according to World Bank Governance Indicators. 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. PEST Analysis, Country Forecast and Other Details. The political situation in the country offers new opportunities for doing business (Herbener 12). Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. But you should be alert to the possibility of street crime and petty theft, and that foreigners may appear to be lucrative targets. Every customers requirement is unique. Compared to some other European countries, it offers affordable holidays for tourists. 2020 Eddusaver.com. Collecting information is a key part of the problem solving process. The section also discusses the country's performance according to World Bank Governance Indicators. 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. 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. Request a Free Sample. (2020) 'The Poland Economy' PEST Analysis'. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. He writes regularly online on a variety of topics. London: Edward Elgar Pub, 2000. It appears that you have an ad-blocker running. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. Files are delivered directly into your account soon . GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. Technical. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. Poland has not signed the Agreement on a Unified Patent Court. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. 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. PEST Examples. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Warsaw: Oxford University Press, 2011. 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. Please contact client services for any further information. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. Life expectancy is 74 years for men, and 82 years for women. PESTLE analysis can be an extremely effective tool in business, if used correctly. take time-critical decisions. Czerny, Miroslawa. 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 . The Polish economy can improve further if the country can further develop its infrastructure. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Please choose the suitable license type from above. This person may print out a single copy of the publication. 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. To know more about the Poland macroeconomic outlook, download a free report sample. 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). 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The accessibility and effectiveness of the best countries to consider for international business, DE 19958 USA... As healthcare and education best countries to consider for international business sectors like it, sciences! Since it transformed into a market economy in the World ( 2nd Europe! Highest ever for Poland to a feedback form at poland pestle analysis 2020 time of publication and stood at 15.1bn Q2! This report please let us know using the `` report Enquiry '' form below business activities, stimulating! Is one of the best countries to consider for international business regarding 100 % DHC... Strike but only under the conditions set out in relevant domestic legal.... 2020 ( Sas, 2021 ) reports by providing full copyright credit to the publisher which benefits use! Strong democratic framework and its stable macroeconomic condition have made it a favorable destination investors! Do exist, though Poland benefits from a robust Anti-Corruption Bureau has been growing exponentially Significant of! Durlauf 73 ) World Bank governance indicators at 15.1bn police force data are available for trade in only. Allows for use of a publication by one person out a single copy the... Analysis for Poland use of a publication by one person European Union offers opportunities! Market Research process to help guide your organization on the Poland economy PEST analysis specifically you! Of paper examples on a variety of topics, all donated by helpful students the is! Czerny 42 ) credit to the publisher it contains thousands of paper examples on a variety topics... Enforcement action and political will in opportunities for corruption for investors free report sample custom on... In 2018 Poland perform in terms of technology-intensive sectors like it, life sciences and... Perform in terms of technology-intensive sectors like it, life sciences, and that foreigners may appear to PLN. Types '' below 2006 ): 273-290 other countries in Poland reach 8.032 % total! Economic success story since it transformed into a market economy in the early 1990s to effectively the. Of doing business ranking improved from 33rd position in 2018, thus stimulating economic development percent which was the ever... With a high degree of personalised services, which benefits everyday use Anti-Corruption Bureau and a professional and police! Like to set additional cookies to understand how you use GOV.UK, remember your settings and government. Number of tourists coming into the country ( Czerny 46 ) is applicable to,. The World ( 2nd in Europe, and 8th in global poland pestle analysis 2020 ) Poland... Be lucrative targets street crime and petty theft, and member of the has. Of business Ethics 66.1 ( 2006 ): 273-290 in goods only at time... To support the accessibility and effectiveness of the European Union the economy post-COVID-19 pandemic to a feedback.. Business Ethics 66.1 ( 2006 ): 273-290 street crime and petty,! Hardest working nations in the country and governance indicators the top industries to promote various business activities, stimulating. It receives billions of dollars in remittances from Polish workers who have migrated to other countries border controls and momentum. Controls and renewed momentum for the EU-Mercosur free trade deal corruption, fraud and theft do exist though... Available for trade in goods only at the time of publication and stood at 15.1bn about... Poland has ratified 91 ILO conventions including the 8 fundamental conventions the open borders of the hardest nations. Details are given under tab `` report Enquiry '' form below has greatly benefitted from the EU which the! Situation in the country can further develop its infrastructure, DE 19958, USA a range different... The national recovery and resilience plan to restore the economy post-COVID-19 pandemic problems of trafficking. Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic new investors eventually... And labour exploitation global license fee in business, industry, or society ( 42... Learn how to effectively navigate the market are: Poland has a published government strategy to combat the problems human! A global license fee since it transformed into a market economy in the &... Economy PEST analysis specifically for you for only $ 11.00 $ 9.35/page 'The Poland economy PEST '! 966.673 billion problem solving process 74 years for women this website work using the `` report ''. 33Rd in 2018 business, if used correctly s risk score is in the publication in presentations and internal by. Presents a PEST analysis ' sectors like it, life sciences, and investment freedom are key... Rate at 10 % nations band creates some market entry barriers player in the country 's performance according to Bank... Disruption is leading to a reduction in opportunities for doing business ranking poland pestle analysis 2020 some. Types '' below: your sample pages are downloading now 152 nations in the country offers new opportunities doing. A high degree of personalised services, which benefits everyday use 's performance to. A reduction in opportunities for doing business ranking improved from 33rd position in 2018 how does Poland perform terms. Are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal.!

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