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Travel and Tourism Drive More Than 10% of the European Economy

Gross Domestic Product (GDP) worldwide

According to the latest forecasts from the World Travel and Tourism Council (WTTC), the travel and tourism sector is expected to increase its GDP contribution to the European economy from €2.25 trillion in 2023 to €2.4 trillion in 2024. Over the next ten years, this might rise to a staggering $3 trillion by 2034, representing around a 10th of the country's total GDP.

Description

This infographic shows the direct, indirect, and induced contribution of travel and tourism to the European GDP from 2019 to 2023, with a forecast to 2034.

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Share of creative economy to GDP Philippines 2018-2024
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Untaxed shadow economy of the world as a share of GDP 2010-2023
Untaxed shadow economy as a share of GDP 2023, by region
Untaxed shadow economy as a share of GDP 2023, by income level

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