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Travel and tourism's direct contribution to GDP in Iceland 2012-2028

This statistic presents the direct contribution of travel and tourism to GDP in Iceland from 2012 to 2018, with a forecast for 2028. Over this period, the direct contribution of the travel and tourism industry to GDP in Iceland has increased, reaching around 218 billion Icelandic króna in 2017. This figure is estimated to rise to about 229 billion króna in 2018 and to continue rising over the next ten years.

Direct contribution of travel and tourism to GDP in Iceland from 2012 to 2018, with a forecast for 2028

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Source

Release date

March 2018

Region

Europe, Iceland

Survey time period

2012 to 2018

Supplementary notes

* Based on real 2017 prices.
** Estimate.
*** Forecast.

The following indicators were used to calculate the value of direct contribution:
Internal tourism consumption (Visitor exports & Domestic expenditure),
Purchases by tourism providers, including imported goods (supply chain).

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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