An Evaluation on the Place and Importance of Tourism Revenues of Turkey in Economy

Abstract

Globalization has allowed a number of countries to make important progresses that would contribute to economy in areas like industry and information technologies. Developed economies have obtained a cost advantage and increased both product potential and economic progress by means of advanced technologies. Developing economies, on the other hand, are required to determine the sectors to invest in order to progress. Regarding progress, it is primarily required to evaluate the tourism supply potential of countries. 
 The tourism sector in Turkey has made a great progress for nearly more than 30 years and tourism has had positive effects upon economy. Foreign currency inflow of the country has increased the investment, revenue and employment and positively affected the balance of payments. Taking necessary precautions for Turkey to get more share from the international tourism revenue will also increase the social welfare.
 In this study, the place and importance of the tourism sector in economy are evaluated with the help of data. These data consist of the number of foreign tourists that come to Turkey for touristic reasons, acquired tourism revenue, touristic expenditure rates, share of tourism in the Gross National Product, as well as its effects upon the national income and share in foreign trade. Interpreting the reasons and outcomes of the recent decrease in tourism revenues in our country; it has been concluded that Turkey is in a serious need of tourism revenues and it is required to urgently intervene in this matter.