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. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. 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. +44 20 7947 2960. PEST Analysis, Country Forecast and Other Details. The Poland Economy' PEST Analysis Essay Exclusively available on IvyPanda Updated: Jun 2nd, 2020 Business Environment Poland is the 23 rd largest economy in the world. Organised crime groups also engage in smuggling of commodities, illicit goods and people trafficking. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. Politically stable, and member of the European Union and NATO, Poland is. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. The recent economic transformations have made the country successful. 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. Many Poles speak English well, and have excellent technical skills. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. take time-critical decisions. Ryan, Leo. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. IvyPanda. Legal environment and its impact on Poland. In addition, Poland encourages agricultural practices and extensive research. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. Warsaw: North Holland, 2013. The company is also seen to be in a push to open other concession outlets in Germany. 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. Bribery is illegal. 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. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. PEST analysis from a legal, economic . This will help us provide youwith answersso that you can purchase with confidence. This person cannot share the publication (or any information contained therein) with any other person or persons. Please use the form given below to let us know your questions related to this report. 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. student. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. a regional office. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. | USD $350, May, 2021 PESTLE analysis. 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). Print. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Print. 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. The discussion below presents a PEST Analysis for Poland. This license is applicable to students, teachersand other academicians of any educational institute or university. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. 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. Copyright 2017 2025. It has a huge potential to become a leading player in the export of new technologies. Technological environment and its impact on Poland. Roll No: 16. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. Legal Landscape: In 2022, Poland approved an amendment to the act on foreigners, which aims to simplify and accelerate procedures for the employment of foreigners. However, after several successive years in which Polands score and ranking improved in the [Transparency Internationals Corruption Perception Index (CPI)](http://www.transparency.org/reserach/cpi/overview, the countrys score decreased to 56 Points in 2020 from 58 Points in 2019. 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. 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). Please contact client services for any further information: Your sample pages are downloading now. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. In terms of labour costs, Poland is still one of the cheapest countries in Europe. Poland is the 23rd largest economy in the world. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? How does Poland perform in terms of healthcare, income distribution, and education? The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. 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). PEST Analysis: Poland. Polands unemployment rate was 3.279% of total labor force in 2019. Likewise, its relationship with the United Kingdom is noteworthy as well with trade between the two being worth over 22 billion in 2019. The GDP of Poland was $677.5 billion in 2021. 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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