Forecast: International Tourism Expenditures for Travel Items in Angola

Between 2013 and 2023, international tourism expenditures for travel items in Angola demonstrated significant fluctuations. In 2013, the expenditures stood at 166 million USD. After a sharp drop of -31.93% in 2014, expenditures saw a substantial increase of 306.85% in 2016, reaching a peak of 977 million USD in 2017. However, the subsequent years saw declines, with 2023 marking expenditures at 598.45 million USD. Over the most recent two years, the year-on-year variation was noted at -0.86%, while the CAGR from 2018 to 2023 was 1.52%.

Looking ahead to the forecasted period from 2024 to 2028, expenditures are anticipated to continue a slight downward trend, with the 5-year forecast CAGR at -0.69%. Future trends to watch for include potential impacts from regional economic shifts, foreign exchange rate fluctuations, and any revitalization efforts in Angola's tourism sector affecting expenditure levels.