. 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. 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. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. Poland does not allow or recognize civil partnerships or same sex marriages. You are free to use it for research and reference purposes in order to write your own paper; however, you 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. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. ensure the integrity of our platform while keeping your private information safe. There are some other social challenges that Poland needs to consider. 2020 Eddusaver.com. | Published by: MarketLine The population is aging very swiftly and creating massive shortages in the labour market. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. He writes regularly online on a variety of topics. Life expectancy is 74 years for men, and 82 years for women. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. The support offered during the pandemic has been sizeable. Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. Economists expect Polands recovery in 2021 will be driven by strong domestic demand, dynamic exports, and a significant inflow of EU funds. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. . Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. We hope the article PESTEL analysis of Poland (Poland country profile) has been useful. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. 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. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. The countrys risk score is in the low-risk nations band. 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. We've encountered a problem, please try again. Polands unemployment rate was 3.279% of total labor force in 2019. Its GDP in 2019 was worth $592.16 billion which is likely to reach around $675 billion in 2023 (Trading Economics, 2021). Czerny, Miroslawa. Polands real gross domestic product (GDP) was PLN 1,983.37 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 4.579% to be around PLN 1,892.55 billion in 2020. 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. The country has a population of 38.5 million people. After the fall of communism, the government established new legal and ethical practices in order to promote business prosperity. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. How can you benefit from that? There are some citizens facing certain ethical concerns in the workplace. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. The current political situation explains why the country continues to have positive economic growth. Request sent: your sample pages will be with you shortly. Herbener, Sabine. 03925319, Curacao and Sint Maarten Insurance Industry - Key Trends and, Andorra Insurance Industry - Key Trends and Opportunities to 2026, British Virgin Islands Insurance Industry - Key Trends and Opportunities. The PESTEL . In 2020, Poland's GDP contracted by "only" 3.5%, significantly less than the OECD average of 5.5%. Click here to review the details. Poland: A Unique Country and Its People. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. Poland was ranked 35th out of 152 nations in the GCRI Q2 2022. 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. Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. 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. 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. Please choose the suitable license type from above. 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. 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. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. Understand the political system in Poland through analysis of key figures in the country and governance indicators. In 2020 Poland was ranked 55 out of 179 countries in the Index. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. You may contact us at any time to opt-out. The political situation in the country offers new opportunities for doing business (Herbener 12). Read the information provided on our safety and security page. 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. Polands growth has been driven by strong domestic demand, dynamic exports, improved productivity, foreign investment, a stable banking system, and a significant inflow of EU cohesion funds. Do not sell or share my personal information, 1. Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. Print. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . IvyPanda. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). Every customers requirement is unique. Poland has not signed the Agreement on a Unified Patent Court. 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. Economic. Please contact client services for any further information: Collecting information is a key part of the problem solving process. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . 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. This license allows for use of a publication by unlimited users within the purchasing organization e.g. Read the information provided on our Intellectual Property page. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. This makes the country one of the best places to invest (Czerny 37). The country has a population of 38.5 million people. Additionally, the policy also includes low labor market participation of women and disadvantaged groups by 2026. 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. 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. 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. Bribery is illegal. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. 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. The Poland Economy' PEST Analysis. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. Audiobooks, magazines, podcasts and more How does Poland perform in terms poland pestle analysis 2020 sectors... After the fall of communism, the policy also includes low labor market participation of women and disadvantaged groups 2026! 2010-23 market Research Reports, Inc.. All Rights Reserved Department for International trade ( )... 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