KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 8.7% (PHP700.7 bn or US$14.8 bn) in 2009 to 8.8% (PHP1,755.0 bn or US$29.5 bn) by 2019.

Employment
The contribution of the Travel & Tourism economy to employment is expected to fall to 3,563,000 jobs in 2009, 10.1% of total employment or 1 in every 9.9 jobs to 4,222,000 jobs, 9.7% of total employment or 1 in every 10.3 jobs by 2019.

Growth
Real GDP growth for Travel & Tourism economy is expected to be -2.6% in 2009 and to average 5.1% per annum over the coming 10 years.

Exports
Export earnings from international visitors and tourism goods are expected to generate 13.1% of total exports (PHP321.0 bn or US$6.8 bn) in 2009, growing (nominal terms) to PHP825.0 bn or US$13.9 bn (9.2% of total) in 2019.

WORLD RANKING

The Philippines Travel & Tourism economy is ranked number:

• 42 in absolute size worldwide
• 90 in relative contribution to national economies
• 57 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)