The European Commission forecasts 3.1% growth in 2021 followed by a stronger 5.1% rebound in 2022. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. Poland is a beautiful country. 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. The Poland Economy' PEST Analysis. | Published by: MarketLine This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Farming takes up over 60% of the total land, and the country is largely . 3. Poland became a democratic country in 1989. 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. While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. 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. Zylicz, Tomasz. Your privacy is extremely important to us. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. Poland is a major economic power in Europe. Poland pestl analysis 1. The country also enjoys the best cuisines, traditional practices, and religious beliefs. IvyPanda. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. Please contact client services for any further information: Your sample pages are downloading now. | Published by: MarketLine The main aim of the national recovery and resilience plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. 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. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. I can advise you this service - www.HelpWriting.net Bought essay here. People of Poland have pioneered different scientific inventions and technological ideas. 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. Please contact client services for any further information: must. Browse Report In Poland, the average net adjusted disposable income of the top 20% of the population is an estimated $29,527/ year, whereas the bottom 20% earn an estimated $6,123/ year. In 2017, Agriculture industry contributed 2.4% to GDP of Poland. How can you benefit from that? Activate your 30 day free trialto continue reading. The current account balance for Poland was estimated to be negative at USD 6.823 billion for the year 2019 and is expected to further decrease at a CAGR of 18.34% and reach USD -15.836 billion by 2024. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. PEST Examples. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. Now customize the name of a clipboard to store your clips. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. The report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. Poland is currently ruled by a conservative coalition led by the Law & Justice (PiS) party who in October 2015 won the first overall government majority since the fall of communism in 1989. Handbook of Economic Growth. The Republic of Poland Area: 312685 sq km Capital : Warsaw Neighboring states: Germany, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania, Russia Official Language: Polish Population: 38.6 million Time: Central European Time(GMT+1) Currency: Zloty(1 Euro:4.18 zloty,1$=3.15 zloty) Inflation: 4% GDP: 765.6 . The 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. If you are looking for a market research solution for your research requirements, please begin your search using the search box on top of this page or use our chat system to speak to our market research consultants or directly write to us. 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. Discounts available for multiple purchases. Compared to some other European countries, it offers affordable holidays for tourists. This detailed PESTEL analysis of Poland (Poland country profile) aims to examine some of the macro factors that impact on Poland. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. In this case it does not matter whether the acts or omissions which form part of the offence take place in the UK or elsewhere. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Agriculture, energy, manufacturing, and tourism are some of the top industries. Print. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. 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. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. There are over 50 thousand software companies, and 18 technical universities in the country. It will take only 2 minutes to fill in. Graphene is a useful compound in the electronics industry because it is a good conductor of electricity (Aghion and Durlauf 38). In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. | USD $350, February, 2022 This essay on The Poland Economy PEST Analysis was written and submitted by your fellow 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. (2021) Polands contributions to and receipts from the European Union budget from 2004 to 2019, available at: https://www.statista.com/statistics/1135294/poland-s-contributions-to-and-receipts-from-the-eu-budget/ (accessed 16 April 2021), Trading Economics (2021) Poland GDP, available at: https://tradingeconomics.com/poland/gdp (accessed 15 April 2021), Worldometer (2021) Poland population, available at: https://www.worldometers.info/world-population/poland-population/ (accessed 17 April 2021), World Population Review (2021) Hardest working countries 2021, available at: https://worldpopulationreview.com/country-rankings/hardest-working-countries (accessed 17 April 2021). It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. Warsaw: Oxford University Press, 2004. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. *Please note that the report cover image shown above is for representation purpose only. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. 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). Poland has not signed the Agreement on a Unified Patent Court. Social. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. It is an offence for British nationals or someone who is ordinarily resident in the UK, a body incorporated in the UK or a Scottish partnership, to bribe anywhere in the world. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021).
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