KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 6.9% (PHP580.1bn or US$12.0bn) in 2010 to 7.9% (PHP1,686.4bn or US$28.0bn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to fall to 3,070,000 jobs in 2010, 8.6% of total employment or 1 in every 11.6 jobs to 4,008,000 jobs, 8.8% of total employment or 1 in every 11.3 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be 0.4% in 2010 and to average 6.8% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 6.3% of total exports (PHP177.1bn or US$3.7bn) in 2010, growing (nominal terms) to PHP624.6bn or US$10.4bn (5.7% of total) in 2020.

Investment
Travel & Tourism investment is estimated at PHP129.6bn, US$2.7bn or 10.9% of total investment in 2010. By 2020, this should reach PHP394.7bn, US$6.6bn or 11.8% of total investment.

WORLD RANKING

The Philippines Travel & Tourism economy is ranked number:

• 50 in absolute size worldwide
• 126 in relative contribution to national economies
• 15 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)