15 THE TOURISM SECTOR AND THE SUSTAINABLE DEVELOPMENT GOALS Tourism. A factor for growth and development INTERNATIONAL TOURISM A booming export sector Revenue generated by international tourism contributed 1.136 trillion euros to the global economy in 2015 (1.260 trillion US dollars), an increase of 4.2% over the previous year. These receipts, which are recorded as exports of the destination country, come from the expenditure of visitors during their stay and are a valuable source of foreign exchange that translates to employment and the local development of the destination. Furthermore, if to these international tourism receipts (the “travel” item of the balance of payments), we add the expenditure on international transport services for non-resident passengers, the total value of tourism exports reaches the figure of 1.3 trillion euros (1.5 trillion US dollars). International tourism accounts for 7% of total world exports and 30% of exports in services. The share of tourism in total exports of goods and services rose from 6% to 7% in 2015, with international tourism outpacing the growth of world trade in goods for the fourth consecutive year, increasing by 2.8% in 2015. As a worldwide export category, tourism ranks third, behind only fuel and chemicals, and ahead of food products and automotive industry. In many developing countries, tourism is the top export sector.
To see the actual publication please follow the link above