The Contribution of the Number of Tourists to the Economic Growth of Egypt: An Econometric Analysis

Abstract

In this study, a model was made that shows how the number of tourists, the money they bring in, and the growth of the economy are all related. This model has been tested in Egypt, an African country. From this point of view, the aim of this study is to determine whether there is a relationship between the number of tourists coming to Egypt between 2005 and 2020, the amount of money earned from these tourists, and the economic growth of Egypt. The relationship between the variables was measured by establishing a multiple regression model. As a result of the multiple analysis, a meaningful result was obtained for Egypt. In other words, the high number of tourists coming to this country naturally causes the country to earn more. For this reason, the tourist flow to Egypt both increases the inflow of foreign currency and supports the economic growth of the country as it will affect the production in the country.

Keywords

• tourist numbers
• tourism sector
• economic growth
• gdp
• egypt