Gross value added of the tourism industry by type Philippines 2012-2018

The southeast Asian nation of the Philippines is a popular travel destination due to the several islands that form its topography. Tourism is a thriving source of revenue for the country, with the transportation sector contributing the largest share of income of the industry between 2012 and 2018. In 2018, the gross value added from this sector amounted to 627.5 billion Philippine pesos.

Inbound tourism

While the majority of international tourists that visit the Philippines are from South Korea, China, and the United States, the country had a considerably large number of visitors from Japan and Taiwan in 2019. In 2018, the values of expenditure incurred for accommodation and catering services for inbound tourism each grossed over 100 billion Philippine pesos.

Expenditures in tourism

The country’s growing economy had enabled its inhabitants to travel abroad frequently. In the case of outbound tourism, accommodation services and shopping incurred the highest and second highest values of expenditure in 2018 respectively. In terms of domestic tourism, accommodation services also posted the highest value of spending, amounting to approximately 681 billion Philippine pesos in the same year.

Gross value added generated from the tourism industry in the Philippines from 2012 to 2018, by type

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Source

Release date

June 2019

Region

Philippines

Survey time period

2012 to 2018

Supplementary notes

*According to the source, the gross value added of the tourism industry (GVATI) was derived based on production accounts of tourism industries and other industries and total domestic supply and internal tourism consumption which were computed using the data from the input-output table, input-output survey of Philippine Business and Industry and the National Accounts of the Philippine Statistics Authority.

One Philippine peso equals 0.02 U.S dollars and 0.018 euros as of February 2020.

Figures have been rounded.

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Statistics on "Tourism Industry in the Philippines"

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