WTTC EIR Reports

Economic Impact Report

WTTC produces reports on the economic and employment impact of Travel & Tourism for 185 countries and 25 geographic or economic regions in the world. These reports are a vital tool in helping us to equip public and private sector bodies with hard evidence of the huge value Travel & Tourism brings to the economy, so that their policymaking and investment decisions support our sector.  

WTTC’s latest annual research, in conjunction with Oxford Economics, shows the Travel & Tourism sector experienced 3.5% growth in 2019, outpacing that of the global economy (2.5%) for the ninth consecutive year. Over the past five years, one in four new jobs were created by the sector, making Travel & Tourism the best partner for governments to generate employment.

WTTC EIR Global Infographic 2020 map

In 2019, Travel & Tourism’s direct, indirect and induced impact accounted for:  

  • US$8.9 trillion contribution to the world’s GDP
  • 10.3% of global GDP
  • 330 million jobs, 1 in 10 jobs around the world
  • US$1.7 trillion visitor exports (6.8% of total exports, 28.3% of global services exports)
  • US$948 billion capital investment (4.3% of total investment)  

2019 was another year of strong growth for the global Travel & Tourism sector reinforcing its role as a driver of economic growth and job creation.

Country / Region Data

Further in-depth research is available upon request. Please contact dataenquiries@wttc.org for further information.

Why conduct research?

From the outset, our Members realised that hard economic facts were needed to help governments and policy makers truly understand the potential of Travel & Tourism. Measuring the size and growth of Travel & Tourism and its contribution to society therefore plays a vital part in underpinning WTTC’s work. 

What research does WTTC carry out?

Each year WTTC produces reports covering the economic contribution of our sector in 185 countries, for 25 economic and geographic regions, and for more than 70 cities. We also benchmark Travel & Tourism against other economic sectors and analyse the impact of government policies affecting the sector such as jobs and visa facilitation.