Peru, officially the Republic of Peru, is a country in western South America. In 2018, Services industry exports was valued at USD 69.8 billion for Poland. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. The GDP of Poland was $677.5 billion in 2021. The Poland Economy' PEST Analysis. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? take time-critical decisions. 2 June. 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. 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. Print. 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. professional specifically for you? This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. By accepting, you agree to the updated privacy policy. To begin with, Poland has a stable government. Polands unemployment rate was 3.279% of total labor force in 2019. Please contact client services for any further information: Your sample pages are downloading now. Understand the economic situation in Poland through a balanced assessment of core macroeconomic issues. 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. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. It is a politically stable country and has become a success story in Europe. Cases of abuse of authority are also common in the country (Ryan 274). Fiscal health, monetary freedom, trade freedom, and investment freedom are the strengths of the country. Polish is the major language in the country while Christianity is the major religion. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. For example, it received 13.1 billion euros from the EU budget in 2020 (Sas, 2021). Gordon, Sharon. Well send you a link to a feedback form. 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. IvyPanda. 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. Most visitors to Poland experience no difficulties. For the latest DIT Poland news, events and business opportunities follow us on Twitter and join the British Embassy in Poland on Facebook. Czerny, Miroslawa. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. 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. Free access to premium services like Tuneln, Mubi and more. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. To help us improve GOV.UK, wed like to know more about your visit today. 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. Discounts available for multiple purchases. (2020, June 2). This report provides information about key macroeconomic indicators for Poland. You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. Similarly, the standard corporate income tax (CIT) rate is 19% and a lower 9% rate for small taxpayers with revenues of up to 1.2 million euros a year (PwC, 2021). 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. We've updated our privacy policy. Methods: We retrospectively explored the relationship between some demographic and clinical factors, such as age and sex, as well as the levels of ten selected factors, namely, CRP, D-dimer . MarketLine uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. 3. Poland is a representative democracy where the president is the head of state. Manufacturing had a share of 40.2% while services industry had a share of 57.4% of GDP in 2017. He has a keen interest in business, hospitality, and tourism management. Fiscal health, monetary freedom, trade freedom, and investment freedom are the economic strengths of the country. Warsaw: Oxford University Press, 2011. However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. The country has a population of 38.5 million people. People of Poland are hardworking and optimistic. 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. It appears that you have an ad-blocker running. There are some other social challenges that Poland needs to consider. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. Poland is the 23rd largest economy in the world. company number 01813905 and registered address John Carpenter House, John Carpenter Street, London EC4Y 0AN. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. IvyPanda. The support offered during the pandemic has been sizeable. Poland has not signed the Agreement on a Unified Patent Court. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. The government has maintained the best conditions for doing business (Deck-Partyka 24). Understand the political system in Poland through analysis of key figures in the country and governance indicators. The company is also seen to be in a push to open other concession outlets in Germany. Print. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? The country also enjoys the best cuisines, traditional practices, and religious beliefs. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. 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). Poland's 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. 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. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. 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. 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