How much does tourism contribute to the global economy?

How much does tourism contribute to the global economy? Overall, the contribution of travel and tourism to the global GDP amounted to 7.7 trillion U.S. dollars in 2022. This figure was forecast to reach an estimated 9.5 trillion U.S. dollars in 2023, remaining five percent below pre-pandemic levels.

Who profits the most from tourism?

The United States was the country worldwide with the highest international tourism receipts in 2022. That year, inbound tourism receipts in the U.S. amounted to roughly 135 billion U.S. dollars.

Is tourism the largest export in the world?

This accounts for 29% of global service exports and 7% of overall exports of goods and services. These figures consolidate international tourism among the top five economic sectors in the world, behind chemical manufacturing and the fuel industry but ahead of the food and automotive industries.

Is tourism one of the biggest business in the world?

Tourism is one of the world's largest industries, contributing trillions of dollars to the global economy and supporting the livelihoods of an estimated one in ten people worldwide.

Where does tourism rank as a global industry?

Where does the Global Tourism industry rank in terms of market size in 2023? The Global Tourism industry is the 1st ranked Additional Global Reports industry by market size and the 9th largest.

What are the 3 biggest exports?

Does Europe rely on tourism?

The tourism industry is a vital part of the EU's economy and accounts for 10% of its GDP, which is why the EU is committed to reviving this sector.

Which European country earns the most from tourism?

European countries with the highest inbound tourism receipts 2019-2022. Spain was the European country with the highest international tourism receipts in 2022, amounting to nearly 73 billion U.S. dollars.

Is tourism the largest industry in the world?

According to IBISWorld experts' analysis, the global tourism industry is ranked 5th on the list of the 10 global biggest industries by revenue. However, if we rank the industry's size by employment, the travel industry comes in as the first one.

What percent of world GDP is tourism?

Overall, these industries represented 7.6 percent of the global GDP in 2022. That year, the total contribution of travel and tourism to the global GDP amounted to 7.7 trillion U.S. dollars.

Which 3 EU countries receive the most tourists?

Why France is the most visited country?

So what makes France so appealing to travelers from all over the world? Well, there's a lot to love about the country, from its stunningly beautiful countryside and picturesque villages to its exciting cities and rich cultural heritage. Not to mention, France is also home to some of the best food and wine in the world.

How does tourism benefit the economy?

It creates jobs, strengthens the local economy, contributes to local infrastructure development and can help to conserve the natural environment and cultural assets and traditions, and to reduce poverty and inequality.