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What is the direct contribution of Travel and Tourism to GDP growth? - Answers

Questions answered : 1320||Last updated on : October 13th, 2019 At 07:30am (ET)
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What is the direct contribution of Travel and Tourism to GDP growth?

World Map depicting Travel and Tourism's direct contribution to GDP

Tourism is a prosperous industry and with the hassle-free travel system, the industry is advancing beyond its scope of recreation. An examination of the tourism industry reveals that it is of paramount importance when it comes to integrating the world and boosting the economic status of the countries.

World Travel & Tourism Council (WTTC) has been providing authentic data on-

  • trends of tourism
  • expenditure on tourism
  • positive and negative impacts of tourism
  • contribution towards economic growth
  • contribution in generating employment opportunities.

The United Nations has designated 2017 the International Year of Sustainable Tourism for Development. It is a driving engine to create employment opportunities in developing as well as developed economies. Over the past ten years, one in five of all jobs created across the world has been in the travel and tourism sector. As per the 2017 analysis, the sector accounts for 10.4% of global GDP and 313 million jobs or 9.9% of total employment. Seeing these figures, the paramount importance of the tourism sector remains the unprecedented choice of countries to boost their economic status.

The direct contribution of Travel & Tourism to GDP reflects the ‘internal’ spending on Travel & Tourism-

  • Total spending within a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes.
  • Government ‘individual’ spending – spending by government on Travel & Tourism services directly linked to visitors. It involves cultural visits to museums etc. or recreational visits to national parks etc.

The following table reflects the direct contribution (in %) of Travel and Tourism industry in the year 2017.

Country  Direct Contribution to GDP in 2017(%)
Maldives 39.62
British Virgin Islands 35.4
Macao 29.29
Aruba 28.05
Seychelles 26.44
The Bahamas 19.01
Vanuatu 18.21
Cabo Verde 17.84
St. Lucia 14.98
Belize 14.97
Fiji 14.44
Malta 14.22
Cambodia 14.09
Barbados 12.95
Antigua and Barbuda 13.03
Dominica 12.38
Montenegro 11.01
Croatia 10.93
Sao Tome and Principe 10.84
Jamaica 10.25
Thailand 9.4
Georgia 9.28
Philippines 8.7
Kiribati 8.65
Iceland 8.54
Albania 8.47
Cayman Islands 8.14
Greece 8.05
The Gambia 8.23
Morocco 8.2
Cyprus 7.31
Mauritius 7.37
Mexico 7.09
Portugal 6.82
Tunisia 6.85
Grenada 6.96
Lebanon 6.54
St. Kitts and Nevis 6.58
Syrian Arab Republic 6.22
Lesotho 6.29
Madagascar 6.34
Nicaragua 6.01
St. Vincent and the Grenadines 5.93
New Zealand 5.96
Panama 5.89
Vietnam 5.89
Austria 5.82
Honduras 5.48
Egypt 5.58
Italy 5.49
Spain 5.37
Dominican Republic 5.39
Jordan 5
Sri Lanka 5.26
Bermuda 5.17
Tonga 6.79
Rwanda 5.22
Costa Rica 5.02
United Arab Emirates 5.09
Malaysia 4.85
Armenia 4.37
Hong Kong 4.48
Senegal 4.5
Azerbaijan 4.16
Latvia 4.18
Comoros 4.37
Solomon Islands 4.32
Bahrain 4.16
Singapore 4.14
El Salvador 3.96
Laos 4.17
Nepal 4.01
Germany 3.94
Cote d’Ivoire 3.92
Togo 4.06
Botswana 3.82
Tanzania 3.78
Peru 3.82
Turkey 3.77
Mali 3.82
Estonia 3.8
United Kingdom 3.7
Norway 3.71
Argentina 3.71
Kenya 3.7
India 3.66
France 3.62
Uruguay 3.6
Mozambique 3.41
Malawi 3.54
Chile 3.38
Saudi Arabia 3.44
Slovenia 3.29
Haiti 3.33
Swaziland 3.26
Algeria 3.3
China 3.29
Oman 3.17
Zambia 3.17
Cameroon 3.2
Qatar 3.35
Zimbabwe 3.04
Australia 3.03
Mongolia 3.05
Tajikistan 3.17
Namibia 2.87
Bulgaria 3.06
Iraq 2.98
Guatemala 2.93
South Africa 2.95
Pakistan 2.92
Iran 2.81
Brazil 2.89
Ghana 2.91
Uganda 2.85
Kuwait 2.77
Central African Republic 2.87
Trinidad and Tobago 2.83
Bolivia 2.81
Ethiopia 2.75
Bosnia and Herzegovina 2.61
Myanmar 2.72
Guyana 2.63
United States 2.63
Venezuela 2.6
Cuba 2.52
Slovak Republic 2.56
Czech Republic 2.58
Libya 2.49
Puerto Rico 2.47
Switzerland 2.49
Guinea 2.5
Burundi 2.41
Sweden 2.44
Hungary 2.42
Serbia 2.33
Ecuador 2.25
Sudan 2.27
Yemen 2.26
Belgium 2.25
Japan 2.21
Benin 2.25
Denmark 2.16
Bangladesh 2.19
Colombia 2.13
Niger 2.12
Belarus 2.02
Canada 1.95
Finland 1.92
Poland 1.93
Indonesia 1.91
Ireland 1.86
Nigeria 1.88
Kazakhstan 1.87
Lithuania 1.81
Macedonia 1.77
Paraguay 1.73
Netherlands 1.74
Sierra Leone 1.74
Brunei 1.69
Israel 1.65
Ukraine 1.54
South Korea 1.59
Burkina Faso 1.63
Luxembourg 1.62
Kyrgyzstan 1.44
Romania 1.44
Republic of Congo 1.36
Angola 1.24
Russia 1.24
Chad 1.28
Suriname 1.19
Gabon 1.02
Moldova 0.96
Uzbekistan 0.93
Congo, Dem. Rep. 0.66
Papua New Guinea 0.66

 

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