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Tourism is a Catalyst for More Equitable Development

Forwardkeys' Global Travel Trends 2023 report shows that tourism can be a force for more equitable development in the global economy. According to their data, tourists from high-income countries make up the majority of inbound international tourism in middle- and low-income countries. This international movement of people also maps out the flow of tourism spending from high-income countries to middle- and low-income economies. Local economies can benefit greatly from this exchange, gaining access to international customers from wealthier economies.

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This chart shows that tourism is a force for more equitable development.

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Share of creative economy to GDP Philippines 2018-2023
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Share of employment in the creative economy Philippines 2023, by industry
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Creative economy GVA growth rate Philippines 2019-2023
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GVA of the creative economy Philippines 2018-2023
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Opinions on future conditions of the domestic and global economy 2023, by region
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U.S. adults' view on the current state of the economy April 2024

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