Analysis of the Ukrainian Services Sector and Its Development Trends

Nadia Syniura-Rostun

doi:10.26349/zn.wsb.w.poznaniu.0091.06

Published : 2020-12-30

Vol. 91 No. 4 (2020)

Analysis of the Ukrainian Services Sector and Its Development Trends

Nadia Syniura-Rostun

DOI: https://doi.org/10.26349/zn.wsb.w.poznaniu.0091.06

Abstract

The article provides an analysis of the service industry in Ukraine, including major parameters that characterize it and the main development trends. The analysis shows that the Ukrainian service industry is undergoing a dynamic yet unstable development, which is typical scenario for countries with a transitional economy. Trade continues to be the main form of activity in the service industry. There are some positive trends, such as the growing market of educational services and rising sales volumes in the sector of computer and information technologies, which remains the only export-capable sector with added value in the Ukrainian services market. The analysis indicates that the service sectors with high added value require additional support to stimulate their efficient development, in particular, to increase the share of capital investment and to attract foreign investment. To attract foreign investment and ensure growth of the service industry, it is necessary to improve the entrepreneurship institutional environment and solve a range of socio-political problems. The author emphasizes that Ukraine has all conditions for the development of the service sectors capable of creating high added value and exerting a positive influence on the country's economic development.(original abstract)

Keywords:

Services, Services sector, Value added, Investment

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Syniura-Rostun, N. (2020). Analysis of the Ukrainian Services Sector and Its Development Trends. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 91(4). https://doi.org/10.26349/zn.wsb.w.poznaniu.0091.06

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