Ethiopia Hotel And Tourism Instituteworlds Largest Tourism Economy In Terms Of Gdp

The following table shows the main economic indicators in 19802017.

Dakar tourism guideworld tourism 2030. In fact it is one of the largest industries in the world with an annual turnover exceeding 175 trillion usd thereby putting it on par with oil and other industries. The current gdp usd per capita of ethiopia shrank by 43 in the 1990s. In 2019 it accounted for 7 percent of.

We raise awareness of travel tourisms value not just as one of the worlds largest economic sectors but also to the many communities and travellers. Indirect contributions come from goods and services supplied to tourists which are not directly related to the tourism industry. Annika surmeier an economic geographer working at the university of manchester and the.

Tourism is one of the largest industries worldwide and provides 7 of africas gdp says dr. But tourism is also strong in some countries in other parts of africa including botswana and rwanda. Inflation below 5 is in green.

Notably international travel tourism spending made up a massive 610 of exports in the country. Wttc works to raise awareness of travel tourism as one of the worlds largest sectors supporting 292 million jobs and generating 102 of global gdp. In latin american countries such as mexico tourism already represents 87 of gdp.

In summary and to get an idea of the magnitude in oecd countries such as spain tourism represents about 15 of its gdp. The world travel tourism council wttc represents the global private sector of travel tourism with a mission to ensure the sector is seamless secure safe inclusive and sustainable. Our members include over 200 ceos chairpersons and presidents of the worlds leading travel tourism companies from across the world and industries.

Ethiopia stands out not only as africas fastest growing travel economy but indeed the worlds growing by 486 last year to be worth 74bn. According to the world tourism organisation the direct contribution of travel tourism to gdp in 2018 was 27507billion 32 of gdp. The economy saw continuous real gdp growth of at least 5 since 2004.

Tourism forms the backbone of many an economy. With chief executives of over 150 of the worlds 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 worlds largest economic sectors supporting one in 10 jobs 319 million worldwide.

The world travel tourism council wttc represents the travel tourism sector globally. This is forecast to rise by 36 to 28492billion in 2019.