Travel and tourism: share of global GDP 2019-2033Overall, these industries represented 7.6 percent of the global GDP in 2022. That year, the total contribution of travel and tourism to the global GDP amounted to 7.7 trillion U.S. dollars.
What is the largest economy in Europe by GDP?
Europe's top 6 largest national economies by nominal GDP are:
- Germany ($4.43 trillion),
- United Kingdom ($3.33 trillion),
- France ($3.05 trillion),
- Italy ($2.19 trillion),
- Russia ($1.86 trillion),
- Spain ($1.58 trillion)
How much does travel and tourism contribute to Germany’s GDP?
Last year, the Travel & Tourism sector's GDP contribution grew by 43.4% to reach more than €338BN, representing 8.8% of the economy, edging closer to the 2019 high of €374BN. Last year the sector also created 550,000 more jobs from the previous year to reach 5.4MN jobs nationally – one in eight jobs across Germany.
Which country has the highest share of GDP from tourism?
Macau is the top country by contribution of travel and tourism to GDP (% of GDP) in the world. As of 2019, contribution of travel and tourism to GDP (% of GDP) in Macau was 72 %. The top 5 countries also includes Maldives, Seychelles, Saint Kitts and Nevis, and Grenada.
What is the strongest economy in Europe?
GermanyThe European Union's GDP estimated to be around $18.35 trillion (nominal) in 2023 representing around one sixth of the global economy. Germany has by far the biggest national GDP of all EU countries, followed by France and Italy.
How much money does Europe make from tourism?
European Union Tourism Market Outlook (2022 to 2032)
| Report Attribute | Details |
|---|---|
| European Union Tourism Market Value (2022) | US$ 585 Billion |
| European Union Tourism Market Anticipated Forecast Value (2032) | US$ 1262.97 Billion |
| European Union Tourism Market Projected Growth Rate (2022 to 2032) | 8% |
How much does tourism contribute to Poland’s GDP?
Tourism in the economyThis equates to a contribution of 6% to Poland's GDP. International visitor arrivals increased by 3.6% to 80.5 million in 2016. This includes 17.5 million tourist arrivals, a rise of 4.8% over 2015 and a new record for Poland since joining the Europe's Schengen Area in 2007.
What percentage of UK GDP is tourism?
Before the pandemic, the UK Travel & Tourism sector's contribution to GDP was 9.9% (£234.5 billion) in 2019, collapsing back to just 4.3% (£93.8 billion) in 2020, which represented a staggering 60% loss above the global impact of 50%.
What percentage of Europe’s GDP does tourism account for?
What percentage of Italy’s GDP is tourism?
10.2%Last year, the Travel & Tourism sector's GDP contribution grew by 33.4% to reach more than €194N, representing 10.2% of the Italian economy, edging closer to the 2019 high of €200.5BN.
Which country gets 50% GDP from tourism?
In 2019, Macau generated the highest share of GDP through direct travel and tourism of any other economy worldwide, with over half its GDP coming from this sector.
Which European countries rely on tourism?
In Europe's largest economies, such as Germany, France, and the UK, travel and tourism accounted for just under one-tenth of GDP, which makes it one of the biggest sectors in these economies and a major source of national income.
What is the GDP of all of Europe?
The European Union's GDP estimated to be around $18.35 trillion (nominal) in 2023 representing around one sixth of the global economy. Germany has by far the biggest national GDP of all EU countries, followed by France and Italy.
What economy dominates Europe?
Services. The services sector is by far the most important sector in the European Union, making up 64.7% of GDP, compared to the manufacturing industry with 23.8% of GDP and agriculture with only 1.5% of GDP. Financial services are well developed within the Single Market of the Union.
What percent of GDP is tourism in Spain?
Spanish Tourism Satellite Account. Latest dataTourism activity reached 97,126 million euros in 2021, 8.0% of GDP, which was 2.2 points more than in 2020. The characteristic branches of tourism generated 2.27 million jobs, 11.4 % of total employment.
What percentage of GDP is tourism in USA?
U.S. Travel and Tourism Satellite Account for 2017–2021
| Year | Billions of dollars | Percent |
|---|---|---|
| Gross domestic product (GDP) | Tourism value added as a share of GDP | |
| 2019 | 21,381 | 2.99 |
| 2020 | 20,061 | 1.54 |
| 2021 | 23,315 | 2.15 |
How much does tourism contribute to the French economy?
In 2021, tourism contributed 3.0% of the wealth created by the French economy, i.e. 75.7 billion euros. This was more than 4.0% before the health crisis.