FACTORS OF INTERNATIONAL TOURIST CONSUMPTION AND ITS IMPACT ON GDP GROWTH

Abstract

The subject of this research is international tourist consumption, the factors determining it and the influence of international tourist consumption on GDP growth. The aim of this paper is to determine the international tourist consumption and assess the influence of international tourist consumption on the GDP trends of the Republic of Croatia by 2027. Research results are based on secondary data for the period from 2000 to 2019. Several scientific methods are used in this paper, including methods of analysis and synthesis, methods of descriptive statistics and methods of correlation and regression analysis. Data analysis and numerical calculations were done using program Statistica. The main finding of this paper points to the conclusion that the growth of international tourist consumption guarantees the achievement of existing low economic growth rates in the Republic of Croatia.