International Conference on Eurasian Economies
18-20 June 2018 – Tashkent, UZBEKISTAN
Paper detail
Paper ID : 2056
Status : Paper published
Language : Turkish
Topic : Sectoral Analyses
Presenter: Mr. Tolkun Zhumakunova
Session : 4C Turizm
The Role and Importance of Tourism Sector in Economy of Kyrgyzstan
Turizm Sektörünün Kırgızistan Ekonomisi İçindeki Yeri ve Önemi
- Mr. Tolkun Zhumakunova (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
Since the second half of the 20th century tourism has become one of the fast developing and expanding sectors in the world economy. The tourism sector plays an important role in alleviating issues related with the balance of payments, reducing unemployment, creating tax incomes and contributing to economic developments by providing a large foreign exchange inflow to the country, therefore, we can say that this sector has larger impact on economic growth than other sectors. As it is in developing and underdeveloped countries, in Kyrgyzstan the tourism industry is one of the most important sectors in the economy. The tourism sector in Kyrgyzstan plays an important role in in economic development by reducing the level of unemployment and generating the income by providing mass foreign exchange inflow to the country. In this context the aim of this paper is to analyze the role and importance of tourism in Kyrgyzstan’s economy by using methods of statistical analysis. The results show that the total number of tourists coming to Kyrgyzstan, thus the tourism revenues increased. In other words, when tourism revenues increase, this fosters economic development, by receiving a larger share of tourism revenues. In this study, the literature review method was used.
JEL codes:
Zhumakunova, Tolkun (2018). "The Role and Importance of Tourism Sector in Economy of Kyrgyzstan" in Proceedings of International Conference of Eurasian Economies 2018, pp.347-354, Tashkent, UZBEKISTAN.
DOI: https://doi.org/10.36880/C10.02056
