ECONOMIC EFFECTS OF TOURISM IN NORTH MACEDONIA: ANALYSIS OF TOURISM REVENUES AND THEIR CONTRIBUTION TO GDP
DOI:
https://doi.org/10.46763/Keywords:
Tourism demand, economic impact, tourism development, tourism indicators, economic growthAbstract
This paper examines the economic significance of tourism in North Macedonia by analysing the relationship between key tourism indicators and their contribution to the national economy. The main objective of the research is to determine the role of tourism activity in generating economic effects, particularly through tourism revenues, tourism demand, and their influence on the contribution of tourism to gross domestic product (GDP). The analysis is based on secondary statistical data covering the period 2011–2025, obtained from relevant national and international statistical sources. Several quantitative methods are applied in the study, including descriptive statistics, correlation analysis, regression analysis, and trend analysis.
The results of the research indicate a significant relationship between tourism revenues and the contribution of tourism to GDP. The regression analysis shows that tourism revenues have a statistically significant and positive impact on the economic importance of tourism, confirming that the growth of tourism activity directly contributes to the country’s economic development. Furthermore, the trend analysis indicates a gradual increase in tourism revenues in recent years, suggesting a strengthening of the tourism sector.
The findings confirm the importance of tourism as a significant economic sector that contributes to revenue generation, economic growth, and job creation. The research provides useful insights into the economic effects of tourism development and may serve as a basis for designing policies aimed at the sustainable development of tourism in North Macedonia.
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