THE IMPORTANCE OF TOURISM INDUSTRY IN UZBEKISTAN

Abstract

Tourism – is not only a great joy for people who are mad about travelling but also one of the most important key of factor of developing the economy of the country. Most countries are paying more attention to tourism a lot than ever. Because they are getting excited from the results of regarding tourism as one of the most effective developing key factors of economy. We can take Dubai as an example. United Arab Emirates is not getting tired of saying that after the oil sources have finished, this city will feed the country and provide the huge amount of touristic flow to the city. Tourism is a significant source of revenue in Dubai, and it is an important component of the government's goal to maintain the inflow of foreign currency into the emirates. This sector contributed around $41 billion to the GDP in 2017, accounting for 4.6 percent of overall GDP, and supported approximately 570,000 jobs, accounting for 4.8 percent of total employment in the country. Over the period 2007-2017, the sector's contribution to the gross domestic product increased by 138 percent. In this article I would like to show the importance of tourism industry in the development of Uzbekistan’s economy and want to provide the effective ways of increasing the role private sector in this field.