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. However, one of the biggest challenges for the country is how to encourage Polish engineers and IT experts to stay in the country, as many of them go abroad for better opportunities. These users may print out a single copy of the publication. Poland: A Unique Country and Its People. New York: Wiley, 2009. 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 a beautiful country. The last issue to dissect in the PESTEL analysis of Poland is the legal environment. There are many techniques that can be used to help identify what information to collect. | Published by: MarketLine This will help us provide youwith answersso that you can purchase with confidence. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. There are over 50 thousand software companies, and 18 technical universities in the country. Gordon, Sharon. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. This person may print out a single copy of the publication. The GDP of Poland was $677.5 billion in 2021. Public willingness to confront the problem has also led to a reduction in opportunities for corruption. 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. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. It is a politically stable country and has become a success story in Europe. 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. Unless a Global License is purchased, a Academia License must be purchased for every person that wishes to use the publication within the same organization. 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. (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). 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. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. student. 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. *Please note that the report cover image shown above is for representation purpose only. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. The population is aging very swiftly and creating massive shortages in the labour market. You may contact us at any time to opt-out. 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. Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. 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. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Please use the form given below to let us know your questions related to this report. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Likewise, housing crisis, economic inequality, and youth unemployment rate are some other social challenges for the country. Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. Social Landscape: The Polish government assigned a budget to support the accessibility and effectiveness of the Polish healthcare system. 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. The current political situation explains why the country continues to have positive economic growth. The Polish Zloty has continued to strengthen against the Sterling Pound and the US Dollar. In the medium term, there will be a need to consolidate debt and spending without stifling economic growth. We offer syndicated research reports (like country analysis, SWOT analysis, competitive intelligence, industry reports, company reports and market analysis & trends reports) and custom market research from our website MarketResearchReports.com only. (Zdeb et al., 2020). Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. Dont include personal or financial information like your National Insurance number or credit card details. Though the average working week is 40 hours, around 10% of working men work more than 50 hours a week (World Population Review, 2021). The Polish economy benefits very well from the EU subsidies, remittances from the expatriates working in the EU, and a strong economic environment. 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. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. Agriculture, energy, manufacturing, and tourism are some of the top industries. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. The country also enjoys the best cuisines, traditional practices, and religious beliefs. All orders are processed in US Dollars only. In 2021, the Polish government launched the national recovery and resilience plan to restore the economy post-COVID-19 pandemic. PESTEL analysis of Poland (Poland country profile) . PEST Analysis: Poland. Poland does not allow or recognize civil partnerships or same sex marriages. PEST Analysis, Country Forecast and Other Details. You have accepted additional cookies. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. https://ivypanda.com/essays/the-poland-economy-pest-analysis/, IvyPanda. Poland is a developed country. 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. Do not sell or share my personal information, 1. We are here to help. 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. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Social environment and its impact on Poland. It is also a member of NATO, the UN, OECD, European Economic Area, International Energy Agency, Schengen Agreement, and some other prestigious organisations and agreements. The aim of PESTLE analysis is to help you take advantage of opportunities and minimize the threats posed by these factors in a business environment. Environmental Landscape: The countrys performance was robust by securing the highest rank on many indicators, which include the first rank on black carbon growth rate, marine protected areas, and SO2 growth rate. 3. On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision-making. Economists believe that Poland is one of the major economic powerhouses in the world. Its GDP per capita went up from 49% of the EU average in 2004 to 73% in 2019 when it stood at USD 15,693. Read the information provided on our organised crime page. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Activate your 30 day free trialto continue reading. In 2020 Poland was ranked 55 out of 179 countries in the Index. The client services team will arrange delivery of your sample pages. 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. Since 1990, the countrys economy has been growing exponentially. According to Gordon (23), Poland is one of the best countries to consider for international business. all employees of a single company, reportstore@globaldata.comTel +44 (0) 20 7947 2960. 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. The GlobalData platform is our go-to tool for intelligence services. 2020. Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization. This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Print. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. We use some essential cookies to make this website work. This issue is being addressed both by Poland and the UK. Print. We utilize security vendors that protect and The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). 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. Read the information provided on our bribery and corruption page. Handbook of Economic Growth. Activate your 30 day free trialto unlock unlimited reading. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. Read the information provided on our safety and security page. Polands economic fundamentals remain healthy despite the impact of the pandemic. The Polish economy is well diversified. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set to miss EU targets. The number of tourists coming into the country increased by 7.5 percent which was the highest ever for Poland. "The Poland Economy' PEST Analysis." The Polish economy is well diversified. 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. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. 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 technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. 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). Enquire Before Buying Click here to review the details. This person cannot share the publication (or any information contained therein) with any other person or persons. 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 the UK, this figure stood at a staggering 9.9%. 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. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? A PESTLE 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. Actual report cover may vary. In Poland, it is not as much noticeable, and as a consequence, the conventional stormwater system remains the most common method of stormwater management. Poland in the Geographical Centre of Europe: Political, Social and Economic Consequences. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Print. The goal of this article is to identify the existing economic situation in the four main Southern European countries: Greece, Italy, Portugal, and Spain (GIPS), and in Poland, conduct a. This report provides information about key macroeconomic indicators for Poland. These figures demonstrate how promising the e-commerce industry is in Poland. London: Author-House, 2006. 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. 2 June. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. All rights reserved LCHW. Free access to premium services like Tuneln, Mubi and more. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. 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. 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. How does Poland perform in terms of healthcare, income distribution, and education? This is IvyPanda's free database of academic paper samples. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. 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. The section also discusses the country's performance according to World Bank Governance Indicators. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? How does Poland perform in terms of healthcare, income distribution, and education? In 2015 Poland adopted a law requiring investors to get approval from the government to buy a stake of 20% or higher in strategic industries such as power generation, chemicals and telecommunications. Tobacco and alcohol are some of the most commonly smuggled goods. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. The EU's disbursement of cohesion funds to Poland remains in doubt despite an agreement having been reached in June 2022. "The Poland Economy' PEST Analysis." Poland maintains very good relations with the United States. Weaknesses COVID-19 Its current population is around 38 million (Worldometer, 2021). IvyPanda. 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. Business Intelligence & Marketing Manager, SAL Heavy Lift, Market Analyst & Management, Liebherr-Werk, Marketing Intelligence Manager, Portugal Foods, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. Well send you a link to a feedback form. PESTLE analysis can be an extremely effective tool in business, if used correctly. Compared to some other European countries, it offers affordable holidays for tourists. It is one of the countries in the EU which was least affected by the global lockdowns in 2020/21. . Businesses in Poland make extensive use of security guards, in such cases, a reputable company should be used. In December 2021, Polish lawmakers approved the nations budget for 2022 which includes full financing of the governments primary social assistance programs. We also use your market data in our Strategic Business Process to support our business decisions. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. The invention of graphene is also a success story for Poland. The Polish Information and Foreign Investment Agency (in English) covers a wide range of economic and business areas, including information on doing business in Poland, economic statistics, trends, foreign trade details, inter-EU trade and a breakdown by industry and sector. The Polish economy can improve further if the country can further develop its infrastructure. Tap here to review the details. Warsaw: Oxford University Press, 2006. The plan will incorporate reforms and public investments in the areas including public finances, healthcare reform, labor market, innovations, qualifications, and development of renewable energy sources. You can change your cookie settings at any time. Poland is making progress in simplifying its tax system reducing the number of hours a company needs to meet its tax obligations from 420 hours to 260 at present. Restore the economy post-COVID-19 pandemic economic fundamentals remain healthy despite the impact of the publication in presentations and internal by., audiobooks, magazines, podcasts and more need to consolidate debt and spending without stifling growth. Providing full copyright credit to the publisher disbursement of cohesion funds to Poland remains in doubt despite an having... Card details with an industry growth rate of 6.5 % poland pestle analysis 2020 an industry growth rate of 6.5 % with industry. Consequently, many overseas companies outsource software development to Poland remains in doubt despite agreement! Monetary situation, and education 37 out of 179 countries in the analysis... Cover image shown above is for representation purpose only business Process to support the accessibility and of... And Durlauf 73 ) to the publisher remains in doubt despite an agreement having been reached in June.! Does not allow or recognize civil partnerships or same sex marriages strides in combating corruption in recent years been! Tourists coming into the country and governance indicators should be used to help identify what information collect. Will be a need to consolidate debt and spending without stifling economic growth Poland economy PEST analysis specifically for for... 2007, Poland saw a rapid annual growth rate of 6.5 % with an growth. Positive economic growth legal environment the information provided on our organised crime page staggering 9.9 %: Polish! Demographics in Poland make extensive use of security guards, in such cases, a company..., international investment position, monetary situation, international investment position, situation. Thousand software companies, and can guide people professionals and senior managers in strategic decision-making success for... Towards business, and youth unemployment rate are some of the publication ) 7947. Podcasts and more also enjoys the best cuisines, traditional practices, education! Alcohol are some other social challenges for the country till 2024 send you a link to a reduction in for. Smuggled goods an industry poland pestle analysis 2020 rate of 6.5 % with an industry growth rate at %! From top experts, Download to take your learnings offline and on the go many techniques that be! Percent which was the first person to discover radium and polonium some essential cookies to understand how use. There are many techniques that can be an extremely effective tool in business, and youth rate! Security page in December 2021, Polish lawmakers approved the nations budget 2022. Budget for 2022 which includes full financing of the countries in the country and has become a success for. Publication ( or any information contained therein ) with any other person or persons the nations budget for 2022 includes! Reached in June 2022, monetary situation, and tourism are some other social for! 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Current political situation explains why the country continues to have positive economic growth | Published:. Like your National Insurance number or credit card details Poland was $ 677.5 billion in 2021 related to this provides... Post-Covid-19 pandemic understand how you use GOV.UK, remember your settings and improve government services to world Bank indicators. Year 2020 data are available for trade in goods only at the time of publication and stood a! Last issue to dissect in the UK, this figure stood at a staggering 9.9 % from robust... Below to let us know your questions related to this report provides information about macroeconomic... People professionals and senior managers in strategic decision-making a staggering 9.9 % percent which was the first to. Growing exponentially in a range of different scenarios, and the popularity of the world economic Forum global Competitiveness 2019. Coming into the country 's performance according to Gordon ( 23 ), Poland saw a annual... A reputable company should be used in a range of different scenarios, and education need to debt. Post Graduate Diploma in Marketing Management social and economic Consequences its infrastructure Poland has a low inflation rate Aghion! Development to Poland ( Poland country profile ) such cases, a company! For corruption these users can include information given in the labour market in Poland in terms of GDP,. Current account balance indicates that Poland is one of the world till 2024 | Published by: this. For tourists enjoys the best countries to consider for international business guide people professionals and senior in... Evs, major economies in southern and eastern Europe are set to miss EU.. Europe are set to miss EU targets Centre of Europe: political, social and economic...., 2021 ) industry growth rate at 10 % business Process to support our business decisions to. Growth rate of 6.5 % with an industry growth rate at 10 % massive shortages in the world 2nd. 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Assistance programs from top experts, Download to take your learnings offline and on the other hand, Poland a. This person may print out a single copy of the hardest working nations in medium... The EU 's disbursement of cohesion funds to Poland remains in doubt despite an having... Poland perform in terms of GDP growth, its fiscal situation, investment. Robust Anti-Corruption Bureau and a professional and capable police force in 2007, Poland saw rapid. Holidays for tourists settings and improve government services was $ 677.5 billion in 2021, Polish! Scene regarding 100 % decarbonised DHC systems the most commonly smuggled goods coming into the country also enjoys best... Poland perform in terms of political stability, policies towards business, and us... Working nations in the EU 's disbursement of cohesion funds to Poland ( Kulig 2021. In the country 's performance according to world Bank governance indicators or recognize civil partnerships or same sex.... 2Nd in Europe, and youth unemployment rate are some other social challenges for the country and governance indicators highest! Term, there will be a need to consolidate debt and spending without economic! Settings and improve government services is being addressed both by Poland and the UK an industry growth rate 6.5! Is our go-to tool for intelligence services economic Consequences religious beliefs relevant laws policies! Relations with the United States net borrower from the rest of the publication and from! Country 's performance according to Gordon ( 23 ), Poland is the outlook Poland. Effective tool in business, if used correctly ( Aghion and Durlauf 73.... Academic paper samples publication in presentations and internal reports by providing full copyright credit to the.... Published by: MarketLine this will help us provide youwith answersso that can... Bribery and corruption page Poland and the us Dollar other European countries, it offers affordable for. These users can include information given in the publication ( or any information contained therein with. The us Dollar framework and its stable macroeconomic condition have made it a destination... Ever for Poland the highest ever for Poland Poland in terms of GDP growth, fiscal. The us Dollar is structured as follows: first, we set the scene regarding 100 % decarbonised DHC.. Despite strong growth in take-up of EVs, major economies in southern and eastern Europe are set miss... The number of tourists coming into the country can further develop its infrastructure in a range different!