The direct contribution of Travel &Tourism to GDP is expected to be EUR278.3mn (8.1% of total GDP) in 2011, rising by 10.9% pa to EUR782.1mn (14.8%) in 2021 (in constant 2011 prices).
The total contribution of Travel &Tourism to GDP, including its wider economic impacts, is forecast to rise by 12.4% pa from EUR593.8mn (17.2% of GDP) in 2011 to EUR1,915.1mn (36.3%) by 2021.
Travel & Tourism is expected to support directly 12,000 jobs (6.9% of total employment) in 2011, rising by 8.0% pa to 25,000 jobs (13.3%) by 2021.
The total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry, is forecast to rise by 9.4% pa from 26,000 jobs (15.1% of total employment) in 2011 to 62,000 jobs (33.2%) by 2021.
Travel & Tourism visitor exports are expected to generate EUR633.8mn (44.8% of total exports) in 2011, growing by 12.4% pa (in nominal terms) to EUR1,558.8mn (46.3%) in 2021.
Travel & Tourism investment is estimated at EUR192.1mn or 33.4% of total investment in 2011. It should rise by 16.4% pa to reach EUR876.4mn (or 50.8%) of total investment in 2021.
Relative importance of Travel & Tourism's totalcontribution to GDP
