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Contribution of Travel & Tourism to GDP

Contribution of Travel & Tourism to GDP

Travel & Tourism is considered as a crucial economic activity in most countries around the world. As an activity generates economic impact, meanwhile the industry itself has significant indirect and induced impacts.

The direct contribution of Travel & Tourism to GDP represents the ‘internal’ spending on Travel & Tourism (total spending within a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) as well as government ‘individual’ spending -spending by government on Travel & Tourism services directly linked to visitors, such as cultural (eg museums) or recreational (eg national parks).

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The direct contribution of Travel & Tourism to GDP is reflected to be consistent with the output, as expressed in National Accounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure and recreation services that deal directly with tourists.

In Albania the direct contribution of Travel & Tourism to GDP in 2016 was ALL127.7bn (8.4% of GDP). This is forecasted to rise by 5.2% to ALL134.3bn in 2017. It reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). But it also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.  The direct contribution of Travel & Tourism to GDP is expected to grow by 6.2% pa to ALL244.0bn (10.8% of GDP) by 2027.

Direct Contribution of Travel & Tourism to GDP: 

Total contribution of Travel and Tourism to GDP: 

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