KEY FACTS AT A GLANCE
Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 9.2% (CNY3,400.7 bn or US$499.9bn) in 2010 to 9.7% (CNY10,859.3bn or US$1,948.9bn) by 2020.
Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 60,103,000 jobs in 2010, 7.7% of total employment or 1 in every 13.0 jobs to 89,004,000 jobs, 10.7% of total employment or 1 in every 9.4 jobs by 2020.
Growth
Real GDP growth for Travel & Tourism economy is expected to be 6.5% in 2010 and to average 9.0% per annum over the coming 10 years.
Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 3.3% of total exports (CNY344.6bn or US$50.7bn) in 2010, growing (nominal terms) to CNY987.5bn or US$177.2bn (3.4% of total) in 2020.
Investment
Travel & Tourism investment is estimated at CNY1,383.8bn, US$203.4bn or 8.5% of total investment in 2010. By 2020, this should reach CNY3,836.4bn, US$688.5bn or 8.2% of total investment.
WORLD RANKING
The China Travel & Tourism economy is ranked number:
- 2 in absolute size worldwide
- 81 in relative contribution to national economies
- 1 in long-term (10-year) growth
(181 countries are estimated by WTTC / OE)
China Travel and Tourism
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China Travel and Tourism
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