The United States leads international passenger transport expenditure with a significant share of 38.56 million USD, showing a steady growth of 2.27% in 2023. France and Canada follow, with France exhibiting marginal growth and Canada a slight increase of 0.37%. Notably, India displays a robust growth rate of 6.03%, while Romania experienced the highest surge of 23.32%, indicating a dynamic market. Conversely, Japan and Mexico saw declines in their expenditures. Overall, Iceland showed impressive growth of 14.83% among smaller markets, despite challenges faced by countries like Egypt and Luxembourg with negative growth rates.
Future trends to watch for include India's continued expansion in international passenger transport expenditure as its middle class grows and travel infrastructure improves. The anticipated recovery and growth in the Asian market could boost expenditure in countries like Indonesia and the Philippines. Additionally, technological advancements in travel and tourism, including digitization and sustainability initiatives, are expected to significantly shape expenditure patterns globally.
Top countries in International Passenger Transport Expenditure Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 38.56 | 2023 | +21.91% | +2.27% | View data |
| 2 | 2 France | 6.99 | 2023 | +14.93% | +0.2% | View data |
| 3 | 3 Canada | 5.68 | 2023 | +18.19% | +0.37% | View data |
| 4 | 4 Italy | 5.59 | 2023 | +17.77% | +0.39% | View data |
| 5 | 5 Japan | 5.34 | 2023 | +17.95% | -1.14% | View data |
| 6 | 6 India | 4.29 | 2023 | +16.48% | +6.03% | View data |
| 7 | 7 Australia | 3.85 | 2023 | +17.95% | -0.42% | View data |
| 8 | 8 Russia | 3.36 | 2023 | +1.13% | +0.78% | View data |
| 9 | 9 Netherlands | 3.01 | 2023 | +25.5% | +4.21% | View data |
| 10 | 10 South Africa | 2.13 | 2023 | +18.81% | +0.17% | View data |
