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WTTC produces reports and forecasts the economic and employment impact of Travel & Tourism for 185 countries and 25 geographic or economic regions in the world. Our 10-year forecasts also provide a unique understanding of Travel & Tourism’s future growth, economic importance and social influence. These reports are a vital tool in helping us to equip public and private sector bodies with hard evidence of the huge value Travel & Tourism brings to the economy, so that their policy-making and investment decisions support our sector.
WTTC’s latest annual research, in conjunction with Oxford Economics, shows Travel & Tourism’s contribution to world GDP outpaced the global economy for the eighth consecutive year in 2018.
Further in-depth research is available to WTTC Member Companies upon request. Please contact [email protected] for further information.
These are the world’s ten largest Travel & Tourism markets, based on the sector’s total contribution to GDP in 2018:
Total T&T contribution to GDP, US$, real 2018 prices and exchange rates, billions
|Rank||Country||Total T&T GDP|
In 2018, Travel & Tourism’s direct, indirect and induced impact accounted for:
- US$8.8 trillion contribution to the world’s GDP,
- 10.4% of global GDP
- 319 million jobs, 1 in 10 jobs around the world
- US$1.6 trillion exports (6.5% of total exports, 27.2% of global services exports)
- US$941 billion investment (4.4% of total investment)
2018 was another year of strong growth for the global Travel & Tourism sector reinforcing its role as a driver of economic growth and job creation.
World ReportMarch 2019
This report examines the global economic impact of Travel & Tourism in 2018.
Importance of Travel & TourismMarch 2019
This infographic examines the key Travel & Tourism indicators on the global and regional level in 2018 and forecasts for 2029.
These tables are also available in: Spanish