KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to stay the same at 7.4% (US$247.9bn) in 2010 to 7.4% (US$581.7bn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 9,867,000 jobs in 2010, 6.2% of total employment or 1 in every 16.1 jobs to 10,301,000 jobs, 6.4% of total employment or 1 in every 15.6 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be -1.9% in 2010 and to average 5.7% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 6.5% of total exports (US$84.2bn) in 2010, growing (nominal terms) to US$172.8bn (5.1% of total) in 2019.

Investment
Travel & Tourism investment is estimated at US$72.5bn or 10.1% of total investment in 2010. By 2020, this should reach US$203.1bn or 10.5% of total investment.

WORLD RANKING

The Central and Eastern Europe Travel & Tourism economy is ranked number:

  • 4 in absolute size worldwide
  • 11 in relative contribution to national economies
  • 4 in long-term (10-year) growth

(13 regions are estimated by WTTC / OE)

Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania, Russian Federation, Serbia, Ukraine

Central and Eastern Europe Economic Forecast Data
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Central and Eastern Europe Economic Forecast Data
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