In 2023, the total contribution of travel and tourism to the global gross domestic product (GDP) was roughly four percent lower than in 2019, the year before the COVID-19 pandemic. Overall, the contribution of travel and tourism to the global GDP amounted to 9.9 trillion U.S. dollars in 2023. This figure was predicted to reach an estimated 11.1 trillion U.S. dollars in 2024, exceeding pre-pandemic levels.
Which countries record the highest travel and tourism contribution to GDP?
GDP is the total value of all goods and services produced in a country in a year. It is considered an important indicator of a country's economic strength, and a positive change in GDP is a sign of economic growth. Both before and after the impact of COVID-19, the United States and China were by far the leading travel markets based on the total contribution of travel and tourism to GDP, followed by Germany, the United Kingdom, and Japan.
Total contribution of travel and tourism to gross domestic product (GDP) worldwide in 2019 and 2023, with a forecast for 2024 and 2034
(in trillion U.S. dollars)
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WTTC. (April 5, 2024). Total contribution of travel and tourism to gross domestic product (GDP) worldwide in 2019 and 2023, with a forecast for 2024 and 2034 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/233223/travel-and-tourism-total-economic-contribution-worldwide/
WTTC. "Total contribution of travel and tourism to gross domestic product (GDP) worldwide in 2019 and 2023, with a forecast for 2024 and 2034 (in trillion U.S. dollars)." Chart. April 5, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/233223/travel-and-tourism-total-economic-contribution-worldwide/
WTTC. (2024). Total contribution of travel and tourism to gross domestic product (GDP) worldwide in 2019 and 2023, with a forecast for 2024 and 2034 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/233223/travel-and-tourism-total-economic-contribution-worldwide/
WTTC. "Total Contribution of Travel and Tourism to Gross Domestic Product (Gdp) Worldwide in 2019 and 2023, with a Forecast for 2024 and 2034 (in Trillion U.S. Dollars)." Statista, Statista Inc., 5 Apr 2024, https://www.statista.com/statistics/233223/travel-and-tourism-total-economic-contribution-worldwide/
WTTC, Total contribution of travel and tourism to gross domestic product (GDP) worldwide in 2019 and 2023, with a forecast for 2024 and 2034 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/233223/travel-and-tourism-total-economic-contribution-worldwide/ (last visited November 05, 2024)
Total contribution of travel and tourism to gross domestic product (GDP) worldwide in 2019 and 2023, with a forecast for 2024 and 2034 (in trillion U.S. dollars) [Graph], WTTC, April 5, 2024. [Online]. Available: https://www.statista.com/statistics/233223/travel-and-tourism-total-economic-contribution-worldwide/