KEY FACTS AT A GLANCE
Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to decline from 10.8% (AOA564.6bn or US$7,428.7mn) in 2010 to 8.3% (AOA1,453.8bn or US$19,332.4mn) by 2020.
Employment
The contribution of the Travel & Tourism economy to employment is expected to fall from 8.9% of total employment, 387,000 jobs, or 1 in every 11.2 jobs in 2010, to 6.8% of total employment, 425,000 jobs, or 1 in every 14.7 jobs by 2020.
Growth
Real GDP growth for Travel & Tourism economy is expected to be -1.8% in 2010 and to average 4.6% per annum over the coming 10 years.
Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate .5% of total exports (AOA19.5bn or US$256.7mn) in 2010, growing (nominal terms) to AOA34.3bn or US$455.6mn (.4%) of total in 2020.
Investment
Travel & Tourism investment is estimated at AOA36.2bn, US$475.7mn or 4.9% of total investment in 2010. By 2020, this should reach AOA213.6bn, US$2,840.9mn or 6.4% of total investment.
WORLD RANKING
The Angola Travel & Tourism economy is ranked number:
- 64 in absolute size worldwide
- 67 in relative contribution to national economies
- 94 in long-term (10-year) growth
(181 countries are estimated by WTTC / OE)
Angola Economic Forecast Data
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Angola Economic Forecast Data
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