Macroeconomics

2019-20 coronavirus outbreak

Product (mathematics)

Economic impact analysis

Developing country

Microeconomics

Virology

Tourism

Archaeology

Economics

Development economics

Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)

Outbreak

Business

Coronavirus disease 2019 (COVID-19)

Mathematics

Geography

Infectious disease (medical specialty)

Computable general equilibrium

Geometry

Tanzania

Gross domestic product

Medicine

Economy

Economic growth

Pandemic

Economic sector

Disease

Socioeconomics

Pathology

Annals of Tourism Research Empirical Insights

The worldwide COVID-19 pandemic has affected the tourism sector by closing borders, reducing both the transportation of tourists and tourist demand. Developing countries, such as Tanzania, where the tourism sector contributes a high share to gross domestic product, are facing considerable economic consequences. Tourism interlinks domestic sectors such as transport, accommodation, beverages and food, and retail trade and thus plays an important role in household income. Our study assesses the macroeconomic impacts of COVID-19 on the tourism sector and the Tanzanian economy as a case study of an impacted developing economy. We use a computable general equilibrium model framework to simulate the economic impacts resulting from the COVID-19 pandemic and quantitatively analysed the economic impacts.

Economic impacts of COVID-19 on the tourism sector in Tanzania