The latest annual research from WTTC produced with our research partner, Oxford Economics, shows that found that 2013 was another successful year for the Travel & Tourism sector off the back of an improving economy.
• The direct contribution of Travel & Tourism to the world economy grew by 3.1% in 2013, contributing US$2.2 trillion to world gross domestic product (GDP) and 101 million jobs.
• Taking its wider supply chain impacts into account, Travel & Tourism’s total contribution to global GDP grew by 3.0% in 2013, faster than overall economic growth for the third consecutive year and outperforming other global sectors such as manufacturing, retail and distribution, public services and financial and business services. Travel & Tourism represents US$7.0 trillion (2013 prices), 266 million jobs, US$754 billion in investment and US$1.3 trillion in exports.
• 1.4 million additional jobs were generated directly in the sector in 2013, and in total, 4.7 million new jobs were created as a result of tourism activity. The total contribution of Travel & Tourism to employment grew 1.8% in 2013.
• Travel & Tourism’s contribution equates to 9.5% of total economy GDP, 1 in 11 of the world’s total jobs, 4.4% of total investment and 5.4% of world exports.