Travel & Tourism
U.S. Inbound Travel & Tourism is America's Most Valuable Export Service
It seems that when it comes to the economy, all eyes are on production and manufacturing. However, there is one sector of the economy that's really successful in reining in the U.S. balance of trade deficit, but somehow still flies under the radar: Inbound travel & tourism to the U.S. (counts towards export services).
According to figures released by the National Travel and Tourism Office (NTTO), the balance has dipped year-over-year by 14 percent, from plus $97.2 billion in 2015 to $83.9 billion in 2016. A trend that shouldn't continue.
Description
U.S trade balance for goods & services and trade balance for travel & tourism (in $b)
Related Infographics
Any more questions?
Get in touch with us quickly and easily.
We are happy to help!
Statista Content & Design
Need infographics, animated videos, presentations, data research or social media charts?