How big is tourism in the world?

Despite the sharp increase, the market size of tourism worldwide remained below pre-pandemic levels, totaling around two trillion U.S. dollars in 2022. As forecast, this figure is expected to rise to nearly 2.29 trillion U.S. dollars in 2023, surpassing the peak reported in 2019.



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According to IBISWorld experts' analysis, the global tourism industry is ranked 5th on the list of the 10 global biggest industries by revenue. However, if we rank the industry's size by employment, the travel industry comes in as the first one.

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Overall, these industries represented 7.6 percent of the global GDP in 2022. That year, the total contribution of travel and tourism to the global GDP amounted to 7.7 trillion U.S. dollars.

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Despite the sharp increase, the market size of tourism worldwide remained below pre-pandemic levels, totaling around two trillion U.S. dollars in 2022. As forecast, this figure is expected to rise to nearly 2.29 trillion U.S. dollars in 2023, surpassing the peak reported in 2019.

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France is the most visited country in the world with 117,109,000 international tourists, thanks to its rich history and iconic landmarks. Mexico comes in second for most visited countries, with 51,128,000 tourists, offering vibrant culture and stunning natural beauty.

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Tourism is one of the world's largest industries, contributing trillions of dollars to the global economy and supporting the livelihoods of an estimated one in ten people worldwide.

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Tourism is one of the world's largest industries, contributing trillions of dollars to the global economy and supporting the livelihoods of an estimated one in ten people worldwide.

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Tourism is one of the fastest growing industries and contributes a great deal to economies around the world. However, the damage tourism can cause to local cultures and the environment is often ignored.

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Of the 136 top economies in the world, Ukraine is the one least reliant on tourism, with just 1.4% of its gross domestic product coming from visitors. Russia is close behind, with just 1.5% of its GDP coming from tourism.

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This accounts for 29% of global service exports and 7% of overall exports of goods and services. These figures consolidate international tourism among the top five economic sectors in the world, behind chemical manufacturing and the fuel industry but ahead of the food and automotive industries.

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Where does the Global Tourism industry rank in terms of market size in 2023? The Global Tourism industry is the 1st ranked Additional Global Reports industry by market size and the 9th largest.

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The United States was the country worldwide with the highest international tourism receipts in 2022. That year, inbound tourism receipts in the U.S. amounted to roughly 135 billion U.S. dollars.

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When compared with other sectors, travel and tourism also ranks among the fastest growing. With a GDP growth rate of 3.5% in 2019, travel and tourism trailed only behind information and communication and financial services.

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It also provides many jobs for people working in the transport and hospitality industry, among others. Moreover, tourism can potentially improve relationships between nation-states or businesses, create opportunities for entertainment and recreation, and improve the value of a currency.

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First place: Paris, France With 19.4 million international arrivals in 2022, Paris was the most visited city in Europe in 2022.

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Paris remains most-visited city in the world, with 44 million tourists in 2022. Tourism in Paris and the Île-de-France region climbed again in 2022 with over 44 million visitors calculated.

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Paris, France – Is the most visited capital in the world. Paris has endless sights to visit, regardless if you love architecture, art, music or are simply visiting for the food, the city surely will not disappoint. London, England – Is the largest city in United Kingdom and home to over 9 million people.

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Most people choose to visit the country because of its charming artsy atmosphere. Due to the high demand, cultural tourism covers 52.8% of tourism revenues in Spain. In addition, Spain follows the contemporary art market up close.

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