Macroeconomic Indicators of International Tourism of the Republic of Serbia
Date
2015
Authors
Gnjatović, Dragana
Leković, Miljan
Journal Title
Journal ISSN
Volume Title
Publisher
Fakultet za hotelijerstvo i turizam u Vrnjačkoj Banji
Abstract
This paper examines the position of international tourism in the balance of payments of the Republic of Serbia and the impact of foreign currency inflow from tourism on export and overall performances of the domestic economy. The analysis of relevant macroeconomic indicators is based on generally accepted methodology of balance of payments of the International Monetary Fund and integral international system of national accounts (System of National Accounts – SNA, 2008). On the basis of this analysis, it is concluded that tourism has not yet made positive impact on the overall balance of payments flows of the Republic of Serbia. In addition, the contribution of international tourism to the export and economic growth performance of the country is still a quite modest scale, which is inconsistent with the strategic orientation of the Republic of Serbia. The comparative analysis of relevant macroeconomic indicators for South Eastern European countries confirms this statement.
Description
Keywords
international tourism, balance of payments, international tourism inflow, Republic of Serbia
Citation
Gnjatović, D., & Leković, M. (2015). Macroeconomic Indicators of International Tourism of the Republic of Serbia. Hotel and Tourism Management, 3(2), 47–58. Retrieved from http://www.htmanagementvb.com/index.php/HITM/article/view/130