Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 16 ISSUE 1
Written by Agatha POPESCU

The paper aimed to analyze the economic efficiency in Romania's tourism in the period 2005-2014 using the Eurostat data base. In the analyzed period, Romania was visited by more tourists (+33%), more foreign tourists (+25 %), meaning by 46.93 % more tourists per inhabitant. Also, tourism receipts increased by 62%, and expenditures increased 2.44 times. But, tourism contribution to GDP which is just 0.9 %, very low compared to other EU countries, and Romania's contribution to EU-28 receipts is very small, just 0.24% and in a decreasing trend. The share of tourism receipts in export value is just 2.64 % and in a declining trend. Tourism receipts per international visitor increased by 33.88% not only because the increased number of foreign tourists, but also due to the high tariff per tourism services and high VAT practiced in Romania. Romania registered a deficit of - 446 Euro million in Tourism Payment Balance, and the TTC Index value was just 3.78 in 2015, placing Romania on the 66th rank. Despite its huge potential for tourism, Romania is not yet able to develop an efficient tourism. A permanent promotion and extend of services size and quality on various markets are required to increase economic efficiency and competitiveness of Romania's tourism.

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