{"id":20053,"date":"2000-06-05T06:11:00","date_gmt":"2000-06-05T06:11:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=20053"},"modified":"2023-11-06T08:54:29","modified_gmt":"2023-11-06T08:54:29","slug":"the-economic-impact-of-tourism-in-egypt-2","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/the-economic-impact-of-tourism-in-egypt-2\/","title":{"rendered":"The Economic Impact of Tourism in Egypt"},"content":{"rendered":"\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>This paper adopts a comprehensive approach to assess the impact of foreign tourism on the Egyptian economy, which extends beyond their spending on hotels and restaurants. The study uses the economic impact analysis (EIA) methodology to trace direct and secondary effects of foreign tourists\u2019 spending on output, value added, employment, and tax revenue.<\/p>\n\n\n\n<p>The results indicate that the impact of foreign tourists\u2019 spending on GDP far exceeds the commonly held figure of around 1 percent. In fact, with respect to value added and output, foreign tourists\u2019 spending is 2-3 times that share and the direct impact of foreign tourists\u2019 spending on total output in 1999 was $ 3.6 billion dollars (4.4 percent of GDP). Adding indirect effects, the total contribution to output reaches $ 9.6 billion (11.6 percent of GDP).<\/p>\n\n\n\n<p>As for employment, foreign tourists\u2019 spending directly supported 1.2 million jobs in various economic sectors. The total number of jobs directly and indirectly associated with foreign tourists\u2019 spending is 2.7 million. The study also estimates tax revenue from foreign tourists\u2019 spending at over L.E. 3.6 billion, which corresponds to 5.1 percent of total direct and indirect taxes.<\/p>\n\n\n\n<p>The study therefore concludes that tourism\u2019s ability to contribute positively to Egypt\u2019s economic goals earns that activity a higher rank on Egypt\u2019s policy priority list.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract: This paper adopts a comprehensive approach to assess the impact of foreign tourism on the Egyptian economy, which extends beyond their spending on hotels and restaurants. The study uses the economic impact analysis (EIA) methodology to trace direct and secondary effects of foreign tourists\u2019 spending on output, value added, employment, and tax revenue. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-20053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-working-papers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Economic Impact of Tourism in Egypt - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/the-economic-impact-of-tourism-in-egypt-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Economic Impact of Tourism in Egypt - ECES\" \/>\n<meta property=\"og:description\" content=\"Abstract: This paper adopts a comprehensive approach to assess the impact of foreign tourism on the Egyptian economy, which extends beyond their spending on hotels and restaurants. The study uses the economic impact analysis (EIA) methodology to trace direct and secondary effects of foreign tourists\u2019 spending on output, value added, employment, and tax revenue. 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