|Click on the image to enlarge|
WTTC produces reports and forecasts of the economic and employment impact of Travel & Tourism for 185 countries and 25 geographic or economic regions in the world. Our 10-year forecasts also provide a unique understanding of Travel & Tourism’s future growth, economic importance and social influence.
These reports are a vital tool in helping us to equip public and private sector bodies with hard evidence of the huge value Travel & Tourism brings to the economy, so that their policy-making and investment decisions support our sector.
WTTC’s latest annual research, in conjunction with Oxford Economics, shows Travel & Tourism’s contribution to world GDP outpaced the global economy for the seventh consecutive year in 2017.
These are the world’s ten largest Travel & Tourism markets, based on the sector’s total contribution to GDP in 2017:
Total T&T contribution to GDP, US$, real 2017 prices and exchange rates, billions
|Rank||Country||Total T&T GDP|
In 2017, Travel & Tourism’s direct, indirect and induced impact accounted for:
- US$8.3 trillion contribution to the world’s GDP, 10.4% of global GDP
- 313 million jobs, 1 in 10 jobs around the world
- US$1.5 trillion exports (6.5% of total exports, 28.8% of global services exports)
- US$882 billion investment (4.5% of total investment)
The research shows that 2017 was a bumper year for the global Travel & Tourism sector, which grew at 4.6%, much faster than the economy as a whole (3% growth during 2017). Its role as a driver of prosperity is clear, as the sector created 7 million new jobs in 2017, 1 in 5 of all new jobs across the world.
WTTC is proud to continue to provide this clear and empirical data in order to help both public and private bodies make the right decisions for the future growth of a sustainable Travel & Tourism sector.
Global Economic Impact & Issues 2018March 2018
Travel & Tourism: Global Economic Impact and Issues 2018 shows the breadth of WTTC data available, along with some insights behind the numbers, to give a fascinating snapshot of Travel & Tourism today and into the future.
World Report 2018March 2018
The WTTC World 2018 Economic Impact Report shows Travel & Tourism’s contribution to world GDP grew for the seventh consecutive year. Forecasts show that by 2028, Travel & Tourism is expected to support more than 400 million jobs around the world (1 in 9 of all jobs). The sector is expected to contribute around 25% of global net job creation over the next decade.