Outbound Tourism vs Inbound TourismWhich Countries Rely the Most on Tourism Spend?
Globalisation and a growing trend in travelling have increased the number of people visiting foreign countries each year. This has brought with it increased GDP growth due to tourism spending.
In fact, travel and tourism’s contribution to world GDP grew for the sixth consecutive year in 2017. Additionally, global visitor exports, which is money spent by foreign visitors, accounted for 6.6% of total world exports, and almost30% of total world services exports.
But, which countries are spending the most on tourism?
We’ve used World Travel and Tourism Council Data and analysed the amount spent by 45 of the most visited countries, according to UN World Tourism Rankings, on outbound tourism* and compared it to the amount spent on inbound tourism*.