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Tourism Grows Seven Times Faster Than GDP, Post-Pandemic
According to the WTM Global Travel Report published by World Travel Market, nominal tourism spending is supposed to fast recover after the COVID-19 pandemic. In 2022 and 2023, global nominal tourism spending grew at a rate roughly 7 times faster than nominal GDP growth.
Description
This graphic shows the nominal tourism and the nominal GDP growth rate worldwide.
Tourism spending worldwide in 2019 and 2022, by type of tourism (in trillions of U.S. dollars)
Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars)
Percentage change in the contribution of travel and tourism to GDP in Spain from January to December 2022
Growth of tourism gross domestic product (GDP) in New Zealand from 2015 to 2024
Total contribution of travel and tourism to gross domestic product (GDP) worldwide in 2019 and 2024, with a forecast for 2025 and 2035 (in trillion U.S. dollars)
Share of travel and tourism's total contribution to gross domestic product (GDP) worldwide in 2019 and 2024, with a forecast for 2025 and 2035
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