KEY FACTS AT A GLANCE
Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 14.5% (EUR41.1 bn or US$59.7 bn) in 2008 to 17.6% (EUR71.2 bn or US$87.3 bn) by 2018.
Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 707,000 jobs in 2008, 16.8% of total employment or 1 in every 6.0 jobs to 960,000 jobs, 21.5% of total employment or 1 in every 4.7 jobs by 2018.
Growth
Real GDP growth for Travel & Tourism economy is expected to be 1.7% in 2008 and to average 4.0% per annum over the coming 10 years.
Exports
Export earnings from international visitors and tourism goods are expected to generate 13.4% of total exports (EUR22.4 bn or US$32.6 bn) in 2008, growing (nominal terms) to EUR46.0 bn or US$56.4 bn (14.3%) of total in 2018.
WORLD RANKING
The Austria Travel & Tourism economy is ranked number:
- 19 in absolute size worldwide
- 49 in relative contribution to national economies
- 116 in long-term (10-year) growth
(176 countries are estimated by WTTC / OE)
Austria Travel & Tourism
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Austria Travel & Tourism
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