Economic Contribution of Tourism Industry in Bangladesh

Abstract

Bangladesh is a country of natural beauty, hilly mountains, longest beach, favorable climate, seven seasons which are the key factors to develop eco-tourism, sustainable tourism and rural tourism. Bangladesh has many archeological and historical sites too. And the hospitality of people and local culture, life style is a unique selling point. Tourism is a growing industry in Bangladesh. It generated 1, 25,000 international tourists in 2014 and international tourism generated US$ 1.5 trillion in export earnings and international tourist arrivals grew by 4.3% in 2014 to 1.133 billion. According to WTTC direct employment support by travel and tourism is forecast to raise by 2.9 percent per annum to 1,785,000 jobs or 1.9 percent of total employment in 2023.In this paper, we tried to show the current scenario of tourism industry and the contribution on GDP.

Keywords: Tourism, Economy, Bangladesh