Tourism Multiplier in the World Economy: Covid-19 Effects

Abstract

The COVID-19 pandemic has impacted on the world order with the force of a tsunami. It is important also to consider the economic aspect. In this context, tourism plays a leading role, being one of the most affected sectors – both in quantitative terms and in terms of the persistence of the negative trend – as well as, finally, for its effects on other sectors. The result of the calculation of the correlation coefficient between the tourism percentage incidence on GDP in 2018 and 2020/2019 GDP percentage loss highlights that the higher the incidence of tourism on a country’s GDP was at the beginning of the pandemic, the greater the percentage loss of GDP was for that country.