WTTC : Economic Impact of Travel & Tourism 2013 Annual Update - Summary

The Authority on World Travel & Tourism Economic Impact of Travel & Tourism 2013 Annual Update: Summary • Travel & Tourism’s direct contribution to world GDP and employment in 2012 was US$ 2.1 trillion (2012 prices) and 101 million jobs. • Taking account of its combined direct, indirect and induced impacts, Travel & Tourism’s total economic contribution in 2012 was US$ 6.6 trillion in GDP (2012 prices); 260 million in jobs; US$ 760 billion in investment (2012 prices); and US$ 1.2 trillion in exports (2012 prices). • This total contribution represents 9% of total economy GDP in 2012, 1 in 11 jobs, 5% of total economy investment and 5% of world exports. Global Performance and Outlook: 2012 and 2013 • Despite on-going challenging economic conditions, global Travel & Tourism direct contribution to GDP grew by a robust 3.2% in 2012. This was faster than growth of the world economy as whole (2.3%), and also faster than gr owth of a number of br oad industries including manufacturing, fnancial & business services and retail. Total Travel & Tourism employment, including those working in the industry’s supply chain and supported by the spending of their employees, increased by 4.0 million jobs in 2012. • While Travel & Tourism GDP growth slowed throughout 2012 and was weaker than forecast one year ago, visitor exports exceeded expectations, rising 4.7% year on year.