In 2023, China led global international travel expenditure among the listed countries with a significant value of 308.13 thousand US dollars, followed by Saudi Arabia at 17.56 thousand US dollars. Argentina, Kazakhstan, and Serbia recorded lower figures at 9.68, 3.34, and 2.14 thousand US dollars, respectively.
Year-on-year variations showed modest growth in China (2.16%), Saudi Arabia (1.06%), a decline in Argentina (-1.94%), and substantial increases in Kazakhstan (2.72%) and Serbia (5.45%). Over the past five years, these countries displayed varying growth trends, illustrating diverse economic and travel dynamics.
Future trends to watch in global travel expenditure include China maintaining its dominant position, while emerging travel markets like Serbia may see continued growth. Economic fluctuations, geopolitical factors, and evolving tourist preferences could further influence these expenditures.
Top countries in International Travel Expenditure by Country
| # | 5 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 308,130 | 2023 | +3.68% | +2.16% | View data |
| 2 | 2 Saudi Arabia | 17,560 | 2023 | +9.22% | +1.06% | View data |
| 3 | 3 Argentina | 9,680 | 2023 | +2.02% | -1.94% | View data |
| 4 | 4 Kazakhstan | 3,340 | 2023 | +20.27% | +2.72% | View data |
| 5 | 5 Serbia | 2,140 | 2023 | +12.97% | +5.45% | View data |
