In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. Trade unions are legal, employees are allowed to strike but only under the conditions set out in relevant domestic legal act. Poland currently holds 40th place globally in World Banks ease of doing business ranking compared to 33rd in 2018. (2020) '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 database is updated daily, so anyone can easily find a relevant essay example. PEST Analysis, Country Forecast and Other Details. 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. 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. 1. Employees are entitled to 20 days annual holiday if they have been employed for less than 10 years, and 26 days if employed for 10 years. A PESTLE all employees of a single company. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. Information on key security and political risks which UK businesses may face when operating in Poland. Dont worry we wont send you spam or share your email address with anyone. 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. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. The two countries enjoy a growing trading relationship, which was worth 22.2bn in 2019. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. 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. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. 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. Poland is one of the main source countries for revealed victims of labour exploitation in the UK. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. This license allows for use of a publication by all users within one corporate location, e.g. Read the information provided on our Intellectual Property page. Political environment and its impact on Poland. Czerny, Miroslawa. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Ryan, Leo. Polands unemployment rate was 3.279% of total labor force in 2019. Legal environment and its impact on Poland. 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. 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. The GDP of Poland was $677.5 billion in 2021. professional specifically for you? Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Poland is also a diverse country in terms of culture (Zylicz 73). Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. Request sent: your sample pages will be with you shortly. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. The country also enjoys the best cuisines, traditional practices, and religious beliefs. Poland is a beautiful country. In World Banks ease of doing business ranking Poland was ranked 40 out of 190 countries in 2019. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. Please check our Privacy Policy to see how we protect and manage your submitted data. Agriculture, energy, manufacturing, and tourism are some of the top industries. 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. Actual report cover may vary. 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. PESTEL analysis of Poland (Poland country profile) . We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. Economic. Copyright 2010-23 Market Research Reports, Inc.. All Rights Reserved. This question is for testing whether you are a human visitor and to prevent automated spam submissions. Do you have more questions related to this market research report after going through the description and table of contents? On the other hand, the company seeks to develop its markets in more stable areas and nations such as China and Poland. 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). Warsaw: Oxford University Press, 2006. A PESTLE PRESENTATION By: Santoshkumar Nair Roll No: 16 2. IvyPanda, 2 June 2020, ivypanda.com/essays/the-poland-economy-pest-analysis/. | USD $350, February, 2022 | Published by: MarketLine The next issue in the PESTEL analysis of Poland is the economic environment. Contact the Department for International Trade (DIT) team in Poland for more information and advice on opportunities for doing business in Poland. Print. 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. 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. EY ranked Poland as number seven in Europe in terms of FDI attractiveness in 2019. You are free to use it for research and reference purposes in order to write your own paper; however, you 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/. These users cannot share the publication (or any information contained therein) with any other person or persons outside the corporate location for which the publication is purchased. 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. This is the purpose of this deliverable D8.1 Market and PESTLE Analysis. 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