cover image: Tourism in the South Caucasus region

Tourism in the South Caucasus region

7 Sep 2023

Thanks to the communication links opened on the background of the peace treaty, there will be a significant increase in the volume of tourist circulation between the countries of the region and the flow of tourists to the region in general. [...] The share of the tourism sector in the GDP of the South Caucasus region (in percentage, 2018-2022) The share of the tourism sector in the GDP of the South Caucasus region (in percentage, 2018-2022) 10 9 4.7 2.8 1.7 2018 2019 2020 2021 2022* The share of the tourism sector in the GDP of the South Caucasus region (in percentage, 2018-2022) Source: Azerbaijan GDP 1990-2023. [...] This sector, which is significant from the point of view of the development of the non-oil sector, creates very serious opportunities for the continuation of the development of the tourism sector against the background of the establishment of stability in the region, the acceleration of reconstruction works in the liberated areas, and the potential for the further increase of the number of tourist. [...] In the post-pandemic period, the tourism sector of the countries of the region has revived again, and the number of tourists and income from the sector have increased, and in 2021, the share of the sector in the GDP of the region has increased to 2.8%. [...] Against the background of the acceleration of construction works in the liberated areas, ample conditions are created for the development of the tourism sector outside of Baku and for the development of the sector in general.

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26
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Azerbaijan