ANALYSIS OF FINANCIAL EFFECTS OF TOURISM ON ECONOMY OF SERBIA
Miloš Pjanić, Assistant Professor
Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000 Subotica, Serbia
Jelena Andrašić, Assistant Professor
Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000 Subotica, Serbia
Vera Mirović, Assistant Professor
Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000 Subotica, Serbia
DOI: https://doi.org/10.31410/tmt.2018.115
Miloš Pjanić, Assistant Professor
Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000 Subotica, Serbia
Jelena Andrašić, Assistant Professor
Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000 Subotica, Serbia
Vera Mirović, Assistant Professor
Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000 Subotica, Serbia
DOI: https://doi.org/10.31410/tmt.2018.115
3rd International Thematic Monograph - Thematic Proceedings: Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2018, Published by: Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, Macedonia; ISBN 978-86-80194-14-1; Editors: Vuk Bevanda, associate professor, Faculty of Business Studies, Megatrend University, Belgrade, Serbia; Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia
Abstract: Tourism, as one of the key pillars of the economic base of each country, is based on a large
number of business activities that are micro, small and medium sized. One of the basic functions of
tourism as the economic sector of each country is its direct and indirect impact on the growth of gross
domestic product (GDP). Key factors that will affect tourism and directly or indirectly determine its
contribution to GDP are: resource availability, expertise, political and social stability in the country
and investments. The development of tourism at the same time encourages employment, job creation
and the improvement of the balance of payments structure of each country. Tourism as an economic
branch consists of a large number of economic and non-commercial activities and is one of the most
profitable activities in the world, which contributes to the overall development of the economy. It is
present in all countries, but it is manifested by its effects and extent. The aim of the paper is to point
out the significance of tourism as one of the fastest growing economic activities in the economic development
of Serbia.
Keywords: tourism, economy, development
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