In 2023, Morocco led with 123.67 thousand employees, showing a slight year-on-year growth of 0.6%. Australia followed at 114.99 thousand, growing by 0.23%. Mexico had a significant increase of 1.98% to 80.44 thousand. Conversely, New Zealand and Israel saw declines, with New Zealand dropping by 7.28% to 23.63 thousand and Israel by 0.62% to 20.13 thousand.
Over a five-year period, Mexico exhibited the highest Compound Annual Growth Rate (CAGR), indicating consistent growth in employment within the sector. Australia's steady but slow increase suggests potential for stabilization, whereas Morocco's slight growth indicates a mature market. New Zealand and Israel's declines highlight economic or industry-specific challenges.
Future trends to watch include:
- Potential for recovery in New Zealand and Israel's tourism-related retail employment.
- Continued robust growth in Mexico's sector, driven by increasing tourism popularity.
- Morocco and Australia focusing on sustaining their growth while managing any emerging market pressures.
Top countries in Retail Trade of Country-specific Tourism Characteristic Goods Employment by Country
| # | 5 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Morocco | 123,670 | 2023 | +0.3% | +0.6% | View data |
| 2 | 2 Australia | 114,990 | 2023 | +4.53% | +0.23% | View data |
| 3 | 3 Mexico | 80,440 | 2023 | +3.22% | +1.98% | View data |
| 4 | 4 New Zealand | 23,630 | 2023 | -0.6% | -7.28% | View data |
| 5 | 5 Israel | 20,130 | 2023 | +0.14% | -0.62% | View data |
