EFFECTS OF TOURISM ON THE ROMANIAN ECONOMY

Over the past six decades, tourism has experienced continued growth and diversification to become one of the largest and fastest growing economic sectors in the world. Over time, more and more destinations have opened up and invested in tourism development, turning modern tourism into a key driver for socioeconomic progress. According to the European Union's Statistic Office, the global economic crisis has affected the tourism in Romania. The purpose of this research is to evaluate the economic impact of tourism in the case of Romania, focusing on the effects of Travel & Tourism on the economic impact with the next key factors: Gross domestic product, direct and total contribution; employment, direct and total contribution; by visitor exports and investment, for the year 2012, with estimates and forecast for the years 2013 till 2023.