KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to decline from 6.4% (AZN2,242.8mn or US$2,796.5mn) in 2010 to 5.5% (AZN5,940.8mn or US$7,426.0mn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to fall to 5.2% of total employment, 219,000 jobs, or 1 in every 19.4 jobs in 2010 to 4.5% of total employment, 235,000 jobs, or 1 in every 22.4 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be 9.1% in 2010 and to average 5.5% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 1.4% of total exports (AZN331.6mn or US$413.4mn) in 2010, growing (nominal terms) to AZN810.2mn or US$1,012.8mn (1.3% of total) in 2020.

Investment
Travel & Tourism investment is estimated at AZN338.4mn, US$422.0mn or 6.3% of total investment in 2010. By 2020, this should reach AZN1,158.5mn, US$1,448.1mn or 7.0% of total investment.

WORLD RANKING

The Azerbaijan Travel & Tourism economy is ranked number:

• 91 in absolute size worldwide
• 133 in relative contribution to national economies
• 60 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)