An overview of the tourism economic effect in the European Union Member states

Abstract

Tourism has a notable role in the economies of many countries, and particularly in the countries of the European Union, which are still one of the world's most recognized and visited tourist destinations. The paper aims to analyze the impact of the tourism industry on the economy of the European Union. In this context, the paper is based on research and literature review, in particular, statistics data of Eurostat and the World Travel and Tourism Council. The results achieved by the tourism industry are reflected through certain economic indicators: GDP, employment rate, income, the balance of payments, turnover and consumption. The research area is one of the most visited tourist destinations in the world, which generates significant tourist turnover and justifies the status of an extremely important determinant of economic development. The well managed tourism industry complements other economic activities and increases the income of each EU Member State, and the tourism industry has direct and indirect, positive and negative economic effects.

A statistical assessment of tourism development disparities at the district level: The case of Serbia

“…Additionally, its indirect contribution to the national economy development is reflected in stimulating many tourism-related economic activities, such as agriculture, gastronomy, transport, trade, construction, etc. (Gabdrakhmanov et al, 2016;Petrović et al, 2020;Roman et al, 2022). Owing to these positive multiplier effects, the tourism industry is one of the essential tools for the -revival of many economic and non-economic activities, the development of underdeveloped areas‖ (Gajić et al, 2014, p. 113), and thus achieving sustainable economic growth in most countries (Petrović et al, 2020).…”

“…(Gabdrakhmanov et al, 2016;Petrović et al, 2020;Roman et al, 2022). Owing to these positive multiplier effects, the tourism industry is one of the essential tools for the -revival of many economic and non-economic activities, the development of underdeveloped areas‖ (Gajić et al, 2014, p. 113), and thus achieving sustainable economic growth in most countries (Petrović et al, 2020).…”