Electricity Generation From Natural Gas by Country
Travel and tourism is one of the most significant sectors and significantly contributes to the Gross Domestic Product of nations around the world. The travel and tourism industry is also a major employer and it has been estimated that the industry accounts for 1 in 10 jobs across the world. But how competitive a nation’s travel and tourism sector is depends upon a number of factors such as safety and security, infrastructure, price competitiveness, health and hygiene and many other factors. However, the quality of Human Resources and the Labor Market is one of the most important factors in the success of a nation’s travel and tourism sector.
The Human Resources and Labor Market is an important pillar of the Travel and Tourism Competitiveness Index, which is produced by the World Economic Forum. In the Human Resources and Labor Market pillar, countries have been ranked in the scale of 1 to 7, where 7 is the most competitive, while 1 is the least competitive. According to the report, Iceland is the most competitive when the quality of its Human Resources and Labor Market in the travel and tourism sector is taken into account. Iceland was the top ranked nation with a score of 5.76. Switzerland and Denmark had the second and third most competitive human resources and labor markets with scores of 5.74 and 5.66. In fact, of the 12 countries that had scores of 5.5 and above, 10 were European. Apart from the above three, the other European nations were Norway, Finland, Germany, Sweden, Austria, the Netherlands, and the United Kingdom. The two non-European nations with scores of above 5.5 were Singapore and New Zealand.
The next slab (i.e between 4.5 and 5.5) witnessed countries such as the United States, Canada, Ireland, Japan, Malaysia, UAE, China, Australia, South Africa, Botswana and many other nations.
Meanwhile, the Human Resources and Labor Market in the travel and tourism sector was the least competitive in the nations of Yemen, Mali, Pakistan, Chad and Mauritania. All these nations were placed at the bottom of the table and scored less than 3.5.
To get a clear understanding of how competitive the Human Resources and Labor Market is in the travel and tourism sector in each nation, refer to the table below.
|Hong Kong SAR||5.43|
|United Arab Emirates||5.21|
|Trinidad and Tobago||4.48|
|Bosnia and Herzegovina||4.17|
|Iran, Islamic Rep.||4.13|
|Congo, Democratic Rep.||3.88|
(Data sourced from World Economic Forum)