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Services and the Country's Balance of Payments on the Example of Poland

Author

Listed:
  • Barbara Marciszewska

Abstract

Purpose: The growing importance of services in the economy and in international trade constitutes a premise for undertaking this study which attempts to examine selected aspects of international trade in services and their share in Poland's balance of payments. Particular attention has been paid to the export and import of tourist services. Design/Methodology/Approach: Achieving this goal required analyzing statistical data regarding world trade (OECD) and the Polish balance of payments (mainly based on the NBP reports). Qualitative methods (analysis of the subject literature) and general methods of statistical data analysis were applied. Findings: The conducted research allowed for the conclusion that both in world trade and in Polish foreign trade, the share of services turnover is increasing, and the share of services in the Polish foreign trade turnover is close to the world average. Practical Implications: It was also shown that, compared to trends in world trade, there is a positive trend in exports and imports of tourist services in Poland after the Covid-19 pandemic. Originality/Value: The balance of services in the Polish balance of payments is positive, which proves the high competitiveness of services which contribute to the surplus of exports over imports of services to the greatest extent.

Suggested Citation

  • Barbara Marciszewska, 2023. "Services and the Country's Balance of Payments on the Example of Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 931-944.
  • Handle: RePEc:ers:journl:v:xxvi:y:2023:i:4:p:931-944
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    References listed on IDEAS

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    1. Eleftherios Thalassinos & Nejib Hachicha & Amira Hakim, 2022. "The International Spillover Among Sectors and the Interconnectedness to the Global Inflation Cycle," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 12(1), pages 3-11.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Services; international trade; balance of payment; dynamics of the value of global trade in services; share of tourism in GDP.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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