The analysis of Global Tourism Gross Value Added by country reveals that Portugal leads with a significant value of 8.97% in 2024. Mexico, Hungary, and Italy also show strong figures, at 8.57%, 7.42%, and 6.26% respectively. Noteworthy is Indonesia’s substantial increase of 34.62% in 2023, indicating robust growth. Conversely, Germany, Australia, Israel, Sweden, and Luxembourg experienced negative variations.
Future trends to watch:
- Potential steady growth in Portugal and Romania, given their current upward trend.
- Analysis of long-term sustainability in Indonesia’s rapid growth rate.
- Re-evaluation of tourism strategies in countries with declining figures such as Germany and Sweden.
Top countries in Tourism Gross Value Added by Country
| # | 10 Countries | Percent of Gross Value Added | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 8.97 | 2023 | +13.54% | +2.35% | View data |
| 2 | 2 Mexico | 8.57 | 2023 | +4.45% | +0.37% | View data |
| 3 | 3 Hungary | 7.42 | 2023 | +6.49% | +1.6% | View data |
| 4 | 4 Italy | 6.26 | 2023 | +0.37% | +0.53% | View data |
| 5 | 5 New Zealand | 5.85 | 2023 | +0.72% | +0.19% | View data |
| 6 | 6 Indonesia | 5.35 | 2023 | +15.21% | +34.62% | View data |
| 7 | 7 Netherlands | 4.64 | 2023 | +13.49% | +1.23% | View data |
| 8 | 8 Russia | 4.26 | 2023 | +1.65% | +1.67% | View data |
| 9 | 9 Germany | 3.93 | 2023 | -0.2% | -0.22% | View data |
| 10 | 10 Chile | 3.79 | 2023 | +0.48% | +0.64% | View data |
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