Forecast: Total Tourism GDP in China

The tourism GDP in China showed modest growth from 2013 to 2023, with values increasing from 1.93 to 2.06 in units of Gross Value Added. Year-on-year variations fluctuated, with notable positive changes in 2015 (1.55%), 2016 (2.24%), and negative growth in 2019 (-0.73%). Over recent years, growth has remained subdued but steady, with average annual growth (CAGR) for the last five years at 0.13% and forecasted CAGR for the upcoming five years at 0.2%.

Future trends to watch:

  • Continued moderate growth driven by domestic tourism initiatives.
  • Potential impact of global economic conditions and geopolitical factors on international tourist arrivals.
  • Focus on sustainable tourism and infrastructure investments.
  • Growing emphasis on technological integration in the tourism sector.

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