In 2019, Macau generated the highest share of GDP through direct travel and tourism of any other economy worldwide, with over half its GDP coming from this sector. Last year tourism contributed 12% of the country’s GDP. Update, Insights into the world's most important technology markets, Advertising & Media Outlook With a population of over 4 million, travel and tourism contributes to 25% of its workforce. Copy the URL to open this chart with all your selections. 3.9% of UK GVA (2017 est) ONS, Tourism Satellite Accounts Forecast Growth 2019 7.8% VisitBritain, 2019 SECTION 1: Volume and Value of the UK Tourism Industry 1: The Value of Tourism The UK Tourism Industry’s International Ranking • The UK is the seventh largest international Population figures based on United Nations data. The Maldives, located in the Indian Ocean, is the country most reliant on tourism. Time. However, given China’s future tourism potential and needs, more investment needs to be diverted to enhancing the quality of roads (42nd), airports (53rd) and ports (55th). License: CC BY-4.0 Line Bar Map. India ranked 7th in the world in 2017 contributing US$ 234 billion in terms of absolute direct contribution of travel & tourism sectors to its GDP. Source: World Tourism Organization (UNWTO). Tourist Arrivals in China increased to 3188 Tens of Thousands in 2019 from 3054 Tens of Thousands in 2018. Macau is the top country by contribution of travel and tourism to GDP (% of GDP) in the world. Travel and Tourism direct contribution to GDP . Croatia, another tourist hotspot, is hoping to reopen in time for peak season—the country generated tourism revenues of $13B in 2019. Currently highlighted. All; OECD (37) European Union (27) Euro Area (19) G7; G20; None; Show baseline: OECD. Famous attractions include The Great Wall of China, the Forbidden City and Tiananmen Square. This feature is limited to our corporate solutions. In 2019 Romania was number 22 in Total Tourism GDP reaching 2.91 Percent of GDP, from 24 in 2018. Remove all. October 9, 2019. 01 TRAVEL & TOURISM’S CONTRIBUTION TO THE WORLD'S ECONOMY 21.5% BUSINESS 78.5% LEISURE 28.8% INTERNATIONAL 71.2% DOMESTIC 10.4% US$8.8 trillion GLOBAL TRAVEL & TOURISM SPENDING INTERNATIONAL VISITOR SPEND TOTAL CONTRIBUTION TO GDP … In his keynote, President Duque stated that for 2020, Colombia wants 6 … Data Source: World Travel & Tourism Council. World's GDP is $80,934,771,028,340 (nominal, 2017). 23 April 2019. Then you will be able to mark statistics as favourites and use personal statistics alerts. Industries Incl… Time. Find a country by name. In 2018, tourism contributed 11.04% of China's overall GDP, which increased a further 1.2% in 2019. Countries with the highest share of GDP generated by direct travel and tourism worldwide in 2019 [Graph]. £145.9bn (7.2%) of UK GDP ONS, 2018 GVA £67.8bn. Tourism in New Zealand comprises an important sector of the national economy – it directly contributed NZ$ 16.2 billion (or 5.8%) of the country's GDP in the year ended March 2019. World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. Statista. Use this code to embed the visualisation into your website. Top Countries in Total Tourism GDP As of 2019, contribution of travel and tourism to GDP (% of GDP) in Macau was 72 %. You only have access to basic statistics. (February 3, 2020). Tweet. In 2016 tourism supported 188,000 full-time-equivalent jobs (nearly 7.5% of New Zealand's workforce). It is expected that the number of China outbound trips will reach 178.4 million with the total tourism expenditure of about CNY 1.2727 trillion by 2022. Its GDP in terms of purchasing power parity is around $2.96 trillion. Then you can access your favorite statistics via the star in the header. Share Details. Topping the list was the U.S., with tourism contributing over $1.8 trillion to its economy, or 8.6% of its GDP in 2019. The United States of America is the top country by travel and tourism direct contribution to GDP in the world. In World Bank data, Monaco and Liechtenstein has better per capita gdp than Luxembourg. Selected Countries and Economies. ST. KITTS AND NEVIS ECONOMIC BRIEF 2019. to an estimated EC$1,036.3 mn (7.4 months of imports) in 2019 (see Chart 3). By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. By 2014 arrivals exceeded 1.2 million and tourism receipts were US$2,645 million. The country offers a high standard of living to its people as reflected in its GDP per capita of $42,877.56. MORE. country level, Travel & Tourism outpaced wider economy growth in 102 out of 185 countries, including overall economy growth in 13 of the G20 countries. Latest available data for a fixed period, © How the 20 Largest Economies Stack Up. 3. As personal disposable income increases year by year, Chinese people tend to spend more in traveling. February 23, 2017. -Direct contribution reflects all internal spending on travel and tourism by all residents and non residents, as well as the government spending on services directly linked to tourism, travel and the visitors. Moreover, the region is the biggest source of global outbound tourist spending, with most of this spent on intraregional travel. In the publication, UN regions and subregions are ranked by the number of international visitor arrivals, by the revenue generated by inbound tourism, and by the expenditures of outbound travelers. The Philippine Statistics Authority (PSA) reported recently that tourism’s contribution to the country’s GDP grew from 12.3 percent in 2018 to12.7 percent in 2019. The country’s tourism industry contributed 12.7 percent to the country’s gross domestic product (GDP) last year, an improvement from the 12.3 percent recorded in 2018. "Countries with The Highest Share of Gdp Generated by Direct Travel and Tourism Worldwide in 2019. 3.9% of UK GVA (2017 est) ONS, Tourism Satellite Accounts Forecast Growth 2019 7.8% VisitBritain, 2019 SECTION 1: Volume and Value of the UK Tourism Industry 1: The Value of Tourism The UK Tourism Industry’s International Ranking • The UK is the seventh largest international February 3, 2020. Register in seconds and access exclusive features. DataBank. In 2017, it was both the second-largest destination for international visitors and boasted the second-largest volume of international tourist receipts. Having locked down four months ago, Morocco reopened its borders in July, but only for citizens and foreign residents. Tourism is one of the United States' biggest contributors to the country's GDP. An analysis of Africa's tourism market for April 2019 By ATTA® Tourism is one of the most important industries in Africa and contributed 8.5% (or $194.2bn) of the continent’s gross domestic product (GDP) in 2018, according to the World Travel & Tourism Council (WTTC).
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