The tourism role in shaping the gross domestic product of the Russian Federation

Abstract

Economic policy, along with the political component, is one of the formative phenomena in government. The current and future well-being and wealth of the country depend on a sound economic course, for no idea, no project can be realized without sound management of money resources. Accordingly, one of the indicators of a country’s wealth and economic performance in the global ranking among other countries is gross domestic product. As is known, during the past 15 years, the Government of the Russian Federation has actively paid attention to the field of tourism and supported it by proposing and implementing numerous projects aimed at improving the existing tourist infrastructure with a view to increasing the domestic tourist flow, who will actively spend money on travel, which will contribute to the contribution of tourism to the country’s total GDP. The article examines the influence of tourism in the formation of GDP of the Russian Federation. The authors of the study examine the essence of such a concept as domestic gross product, analyze the principles of calculation of this economic indicator, and indicate the list of leaders of countries by volume of GDP. Researchers provide information on the main sectors of the economy that forms this indicator. Investigate the contribution of tourism to GDP in modern geopolitical realities, form a pool of problems faced by the tourist industry and propose a number of solutions aimed at eliminating these obstacles.