GDP: Direct ContributionThe direct contribution of Travel &Tourism to GDP is expected to be USD483.2bn (2.8% of total GDP) in 2011, rising by 6.6% pa to USD920.6bn (2.7%) in 2021 (in constant 2011 prices).
GDP: Total Contribution
The total contribution of Travel &Tourism to GDP, including its wider economic impacts, is forecast to rise by 6.8% pa from USD1,397.4bn (8.0% of GDP) in 2011 to USD2,727.3bn (8.4%) by 2021.
Employment: Direct Contribution
Travel & Tourism is expected to support directly 66,750,000 jobs (3.4% of total employment) in 2011, rising by 1.9% pa to 80,264,000 jobs (3.6%) by 2021.
Employment: Total Contribution
The total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry, is forecast to rise by 2.3% pa from 153,719,000 jobs (7.7% of total employment) in 2011 to 192,905,000 jobs (8.6%) by 2021.
Travel & Tourism visitor exports are expected to generate USD184.4bn (3.8% of total exports) in 2011, growing by 9.5%pa (in nominal terms) to USD315.8bn (3.2%) in 2021.
Travel & Tourism investment is estimated at USD216.2bn or 3.9% of total investment in 2011. It should rise by 7.5% pa to reach USD447.0bn (or 3.9%) of total investment in 2021.
BRICs and N11s Region includes the BRIC countries (Brazil, Russia, India, China) and the N11s (Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Phillippines South Korea, Turkey, Vietnam)
Download the Travel & Tourism report on BRICs and N11 Economic Impact Report here
The World Travel & Tourism Council (WTTC) is the forum for business leaders in the Travel & Tourism industry. With Chief Executives of some one hundred of the world’s leading Travel & Tourism companies as its Members, WTTC has a unique mandate and overview on all matters related to Travel & Tourism.
WTTC works to raise awareness of Travel & Tourism as one of the world’s largest industries, supporting more than 258 million jobs and generating 9.1 per cent of world GDP.
This article is quoted from WTTC . Follow this link to read the original article and download the tourism report on 2011 BRICs and N11 Economic Impact Report here.
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This article is uploaded by Majbritt Thomsen, administrator on ‘Views On Tourism’.