KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 13.7% (PAB3,515.1mn or US$3,515.1mn) in 2010 to 13.8% (PAB6,933.2mn or US$6,933.2mn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 200,000 jobs in 2010, 13.2% of total employment or 1 in every 7.6 jobs to 246,000 jobs, 13.3% of total employment or 1 in every 7.5 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be 3.8% 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 14.2% of total exports (PAB2,410.4mn or US$2,410.4mn) in 2009, growing (nominal terms) to PAB4,697.7mn or US$4,697.7mn (13.7% of total) in 2020.

Investment
Travel & Tourism investment is estimated at PAB898.2mn, US$898.2mn or 13.4% of total investment in 2010. By 2020, this should reach PAB1,716.1mn, US$1,716.1mn or 13.7% of total investment.

WORLD RANKING

The Panama Travel & Tourism economy is ranked number:

• 85 in absolute size worldwide
• 46 in relative contribution to national economies
• 101 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)