Tourism added 7.2 million jobs and $7.2 trillion to GDPStaff writer ▼ | March 23, 2016
According to the World Travel and Tourism Council, the travel and tourism industry added 7.2 million jobs and contributed $7.2 trillion to the gross domestic product in 2015.
Tourists According to the World Travel and Tourism Council:
The total contribution of Travel & Tourism to employment grew by 2.6% in 2015, while the total GDP contribution grew by 3.1% – faster than wider economic growth (2.3%) for the fifth consecutive year.
In GDP growth terms, the Travel & Tourism sector outperformed several other major economic sectors in 2015, including manufacturing and retail. In employment growth terms, the Travel & Tourism sector outperformed various other select industries in 2015, including the financial services, education and health care sectors.
At a country level, direct Travel & Tourism GDP growth outpaced economy-wide GDP growth in 127 of the 184 countries covered by the annual Economic Impact Research in 2015.
Examples of economies where Travel & Tourism most markedly outperformed the wider economy in 2015 included Iceland, Japan, Mexico, New Zealand, Qatar, Saudi Arabia, Thailand, and Uganda. ■