Albanian gov’t expects tourism to make up 33% of GDP by 2027

Tourism industry is expected to make a total contribution of up to 33% in Albania’s Gross Domestic Product by 2027, and one third of the labour force is expected to be employed in this sector.

According to the Ministry of Tourism and the Environment, Albania has a strategic position to meet the ever-growing expectations for a sustainable tourism market, oriented towards nature and culture.

2017 closed with over 1.5 billion Euros of tourism income and over 5 million foreign visitors to Albania, which contributed significantly to the 4% annual economic growth of the country.

Growth trends are even more optimistic, following World Travel and Tourism Council’s forecasts for an average annual growth in tourism revenue, amounting to 6.2% in direct contribution to gross domestic product from this sector.

The 2017-2019 Economic Reform Program for Albania envisions a number of measures supported by budget allocations to address the needs of standardizing tourism activities.

Albania has also advanced the legal and policy framework to support sustainable tourism development.

SCAN

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