Tourism plays an ever more important role in the Thai economy. $39 per month* The Maldives, located in the Indian Ocean, is the country most reliant on tourism. February 23, 2017. Blue = Data, Grey = No Data. Data on inbound, domestic and outbound tourism is available, as well as on tourism industries, employment and complementary indicators. Travel and tourism contributed $1.6 trillion to the nation’s GDP. Tourism direct GDP corresponds to the part of GDP generated by all industries directly in contact with visitors. 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. In 2019, Travel & Tourism’s direct, indirect and induced impact accounted for: US$8.9 trillion contribution to the world’s GDP 10.3% of global GDP Get the latest and most up-to-date tourism statistics for all the countries and regions around the world. The World Tourism rankings are compiled by the United Nations World Tourism Organization as part of their World Tourism Barometer publication, which is released up to six times per year. Directly accessible data for 170 industries from 50 countries All; OECD (37) European Union (27) Euro Area (19) G7; G20; None; Show baseline: OECD. World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. Please create an employee account to be able to mark statistics as favorites. This page provides - Thailand Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news. 1. Commodities include, Accommodation, transportation, Entertainment and Attractions. Currently highlighted. Currently highlighted. "Countries with The Highest Share of Gdp Generated by Direct Travel and Tourism Worldwide in 2019. Remove all. MORE. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Figures show nominal prices.Release date is date accessed. The top contenders have remained fairly consistent, as each country brings something unique to the table—from natural wonders to historic and man-made structures.. Where Highest-Spending Tourists Come From India ranked 7th in the world in 2017 contributing US$ 234 billion in terms of absolute direct contribution of travel & tourism sectors to its GDP. (February 3, 2020). Tourism has transformed many emerging economies in the last 50 years including Seychelles and the Maldives. You only have access to basic statistics. Country. The National Economic and Social Development Council (NESDC, recently renamed from NESDB) stated begin February 2019 that Tourism accounted for 18.4 % (or close to one fifth) of the GDP of Thailand. World's GDP is $80,934,771,028,340 (nominal, 2017). WDI Tables. This feature is limited to our corporate solutions. France sits just below the US on the list, with tourism making up 8.5% of its GDP in 2019, followed by Brazil at 7.7%. In, WTTC. Profit from additional features by authenticating your Admin account. Latest official GDP figures published by the World Bank. The country offers a high standard of living to its people as reflected in its GDP per capita of $42,877.56. 23 April 2019. Definition of Tourism GDP. Data Coverage. Last year tourism contributed 12% of the country’s GDP. By 2014 arrivals exceeded 1.2 million and tourism receipts were US$2,645 million. As of 2019, contribution of travel and tourism to GDP (% of GDP) in Macau was 72 %. Tourist Arrivals in China increased to 3188 Tens of Thousands in 2019 from 3054 Tens of Thousands in 2018. 1 CITY TRAVEL & TOURISM IMPACT 2019 THE IMPORTANCE OF CITIES Travel & Tourism accounts for 10.4% of GDP and one in every ten jobs worldwide when direct, indirect and induced impacts are accounted for. Intra-country travel is also made easier by one of the world longest railway networks, which gets relatively positive marks for quality (17th) and efficiency (25th). Chart. Almost 1.5 million ... contributing more than a third of the country’s GDP. In 2019 Romania was number 22 in Total Tourism GDP reaching 2.91 Percent of GDP, from 24 in 2018. Definition of Tourism GDP. Top Countries in Total Tourism GDP yearly; quarterly; monthly; latest data available. List and ranking of GDP growth, GDP per capita and couuntry share of World's GDP. This indicator is measured as a percentage of total GDP or a percentage of GVA. 2010. Key tourism indicators, Snapshot of data for a fixed period (data will not change even if updated on the site). Time. All statistical tables available are displayed and can be accessed individually. Accessed November 30, 2020. https://www.statista.com/statistics/1100368/countries-highest-gdp-travel-tourism/, WTTC. That’s equal to 7.8 percent of the U.S. economy. 2010. In the OECD classification the term “taxes” is confined to compulsory unrequited payments to general government. Having exceeded the target of 4,5 million non-resident visitors in 2019, and hotel occupancy reaching 57.8%, tourism in Colombia grew above the 3.3% increase in GDP for the same year, and highest for a Latin American nation. GDP (nominal) of United States has increased by $859 billion in 2019 followed by China with $772 billion. Famous attractions include The Great Wall of China, the Forbidden City and Tiananmen Square. 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). Data Coverage. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook 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. As personal disposable income increases year by year, Chinese people tend to spend more in traveling. Tourist Arrivals in Thailand averaged 1525826 from 1997 until 2020, reaching an all time high of 3930800 in December of 2019 and a record low of 0 in April of 2020. Latest available data for a fixed period, © The World Travel & Tourism Council (WTTC) represents the Travel & Tourism sector globally. Travel and Tourism direct contribution to GDP: 5.0: 7.0: More. 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. Total Travel and Tourism (T&T) contribution to GDP consists of Direct, indirect and induced contributions. Since 2014 Iceland Total Tourism GDP increased 12.4points year on year close to 9.17 Percent of GDP. Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. Tourism Revenues in Cyprus averaged 162233.35 EUR Thousand from 2001 until 2020, reaching an all time high of 431600 EUR Thousand in August of 2019 and a record low of 6700 EUR Thousand in June of 2020. Selected Countries and Economies. Remove all. Data Source: World Travel & Tourism Council. 1961 - 2019 GDP (constant 2010 US$) ... GDP: linked series (current LCU) GDP, PPP (constant 2017 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. From 1995 to 2028, an average of 81.19% of all countries have available data for this indicator . India, Japan, and Indonesia are third, fourth and fifth largest contributer, respectively. In World Bank data, Monaco and Liechtenstein has better per capita gdp than Luxembourg. Label. License: CC BY-4.0 Line Bar Map. Please do not hesitate to contact me. In his keynote, President Duque stated that for 2020, Colombia wants 6 … With a population of over 4 million, travel and tourism contributes to 25% of its workforce. Note that data is for international tourism only and does not include domestic tourism. The Maldives, located in the Indian Ocean, is the country most reliant on tourism. Predicted Top China Outbound Tourism Destinations … The United States of America is the top country by travel and tourism direct contribution to GDP in the world. Tourism direct GDP corresponds to the part of GDP generated by all industries directly in contact with visitors. Croatia, another tourist hotspot, is hoping to reopen in time for peak season—the country generated tourism revenues of $13B in 2019. A report from the Philippine Statistics Authority (PSA) showed that tourism direct gross value added (TDGVA) of P2.48 trillion last year was 10.8-percent higher than the P2.24 trillion in 2018. Travel and Tourism direct contribution to GDP . How the 20 Largest Economies Stack Up. As the world urbanises, the sector is becoming increasingly important in cities. Register in seconds and access exclusive features. 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. Population figures based on United Nations data. 81.19% of all countries have available data for this indicator for 2028. Online tool for visualization and analysis. Most Recent Year. 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). Data Source: World Travel & Tourism Council. Please authenticate by going to "My account" → "Administration". As of 2019, travel and tourism direct contribution to GDP in the United States of America was 581 billion US dollars that accounts for 20.14% of the world's travel and tourism direct contribution to GDP. 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. Are you interested in testing our corporate solutions? Please contact us to get started with full access to dossiers, forecasts, studies and international data. The sector grew in this country last year by 2.2 percent. All; OECD (37) European Union (27) Euro Area (19) G7; G20; None; Show baseline: OECD. and over 1 Mio. Latin America & Caribbean: countries with most international tourist arrivals 2018, COVID-19: GDP loss from unemployment in tourism industry 2020, by region, Travel industry market size worldwide, by region 2019, Caribbean: total contribution of travel and tourism to GDP 2019, by country. Select background. yearly; quarterly; monthly; latest data available. The World Tourism rankings are compiled by the United Nations World Tourism Organization as part of their World Tourism Barometer publication, which is released up to six times per year. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. Latest official GDP figures published by the World Bank. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. Select background. United States: 80 million tourists "Countries with the highest share of GDP generated by direct travel and tourism worldwide in 2019." MORE. Source : Japan National Tourism Organization (JNTO) Figures until 2014 are final. This page provides - Cyprus Tourism Revenues- actual values, historical … In 2019 Philippines was number 4 in Total Tourism GDP. In fact, travel and tourism as a global industry has flourished since the last report in 2017, and its contribution to global GDP (currently at 10%) is expected to rise by as much as 50% over the next decade. Figures in 2015 are provisional. Number of McDonald's restaurants worldwide 2005-2019, Average daily rate of hotels in the U.S. 2001-2019, Hotel industry worldwide- Statistics & Facts, Profit from additional features with an Employee Account. United States: 80 million tourists. Revenue Statistics 2019 - Australia Tax-to-GDP ratio over time Tax-to-GDP ratio compared to the OECD, 2017 Tax-to-GDP ratio * Australia and Japan are unable to provide provisional 2018 data, therefore their latest 2017 data are presented within this country note. Then you can access your favorite statistics via the star in the header. -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. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. Moreover, the region is the biggest source of global outbound tourist spending, with most of this spent on intraregional travel. Organisation for Economic. The flow-on effects of tourism indirectly contribute a further 4.3% of GDP (or NZ$9.8 billion). importance of tourism in a country in the same sense as the GDP of any productive activity does. 3. 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 … Blue = Data, Grey = No Data. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income … In 2016 tourism supported 188,000 full-time-equivalent jobs (nearly 7.5% of New Zealand's workforce). WTTC. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. The economic importance of international tourism can be measured by looking at the ratio of international travel receipts relative to GDP; these data are from balance of payments statistics and include business travel, as well as travel for pleasure. Population figures based on United Nations data. Contributing a staggering 1,593 billion U.S. dollars to China’s GDP in 2019, the travel and tourism industry proved to be a vital industry for the East Asian country’s economy.