ferðamannaframleiðsla
Ferðamannaframleiðsla, often translated as "tourist production" or "tourism output," refers to the total economic value generated by the tourism industry within a specific region or country. It encompasses all goods and services consumed by tourists, including accommodation, transportation, food and beverages, entertainment, souvenirs, and other related expenditures. This economic activity directly contributes to a nation's Gross Domestic Product (GDP) and plays a significant role in job creation and foreign exchange earnings.
The measurement of ferðamannaframleiðsla typically involves analyzing tourist receipts, which are the amounts spent by international