Travel and tourism's contribution to GDP in Iceland in 2017, by type

This statistic presents the contribution of the travel and tourism industry to the gross domestic product (GDP) in Iceland in 2017, by type. Travel and tourism directly contributed to approximately 218 billion Icelandic króna to GDP in 2017.

Contribution of travel and tourism to GDP in Iceland in 2017, by type

Contribution value in billion ISK*
Direct218
Indirect497
Induced170
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Source

Release date

March 2018

Region

Europe, Iceland

Survey time period

2017

Supplementary notes

* Based on real 2017 prices.

The following indicators were used to calculate the total value of contribution:
Direct contribution of Travel & Tourism to GDP (Internal tourism consumption & Purchases by tourism providers, including imported goods),
Domestic supply chain,
Capital investment,
Government collective spending,
Imported goods from indirect spending,
Induced values.

The source provides the following definition: "GDP generated by industries that deal directly with tourists, including hotels, travel agents, airlines and other passenger transport services, as well as the activities of restaurant and leisure industries that deal directly with tourists. It is equivalent to total internal Travel & Tourism spending within a country less the purchases made by those industries (including imports)."

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