KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 7.3% (ARS90.5bn or US$23.3bn) in 2010 to 8.4% (ARS220.5bn or US$42.9bn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 1,492,000 jobs in 2010, 8.6% of total employment or 1 in every 11.6 jobs to 1,987,000 jobs, 9.8% of total employment or 1 in every 10.2 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be -1.1% in 2010 and to average 5.0% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 5.9% of total exports (ARS16.6bn or US$4.3bn) in 2010, growing (nominal terms) to ARS55.1bn or US$10.7bn (6.5%) of total in 2020.

Investment
Travel & Tourism investment is estimated at ARS21.0bn, US$5.4bn or 7.8% of total investment in 2010. By 2020, this should reach ARS57.0bn, US$11.1bn or 9.2% of total investment.

WORLD RANKING

The Argentina Travel & Tourism economy is ranked number:

• 36 in absolute size worldwide
• 117 in relative contribution to national economies
• 83 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)