How much of the US economy is tourism?

As the industry entered the recovery period of the COVID–19 pandemic, travel and tourism's share of GDP increased from 1.54 percent in 2020 to 2.15 percent in 2021 (table A). The travel and tourism industry's real output increased $362.0 billion in 2021 but has not fully recovered from the pandemic.



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In 2022, the Travel & Tourism sector contributed 7.6% to global GDP; an increase of 22% from 2021 and only 23% below 2019 levels. In 2022, there were 22 million new jobs, representing a 7.9% increase on 2021, and only 11.4% below 2019.

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International arrivals to the United States grew to 22.1 million in 2021, up from 19.2 million in 2020. Spending by international visitors also grew, reaching $81.0 billion, or 34 percent of 2019's total.

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The U.S. travel and tourism industry generated $1.9 trillion in economic output; supporting 9.5 million American jobs and accounted for 2.9% of U.S. GDP.

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In 2022, the United States reported the highest total contribution of travel and tourism to GDP, with these industries generating, directly and indirectly, roughly two trillion U.S. dollars.

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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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Every year, the country's famous cities, national parks, and entertainment options attract millions of visitors from around the globe. Thanks to this influx of visitors and a boost in U.S. travel spending, the travel and tourism industry contributed nearly 900 billion U.S. dollars to the country's GDP in 2021.

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The United States ranks third with 45,037,000 visitors, known for its diverse landscapes and iconic cities.

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Foreigners visit the U.S. to see natural wonders, cities, historic landmarks, and entertainment venues. Americans seek similar attractions, as well as recreation and vacation areas. Walt Disney World's Magic Kingdom in Bay Lake, Florida is the most visited theme park in the world.

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Many people set aside 5-10% of their net yearly income for leisure travel, but this can vary greatly based on the type of vacations they're planning.

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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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But a new index from the World Travel & Tourism Council (WTTC) also says that Paris is the world's most powerful city for tourism. The WTTC, a nonprofit travel industry body based in the UK, analyzed tourism data from the year 2022 to see where travelers were spending the most money.

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Biggest Industries by Revenue in the US in 2023
  • Pharmaceuticals Wholesaling in the US. ...
  • Health & Medical Insurance in the US. ...
  • Commercial Banking in the US. ...
  • New Car Dealers in the US. ...
  • Life Insurance & Annuities in the US. ...
  • Public Schools in the US. ...
  • Retirement & Pension Plans in the US. ...
  • Gasoline & Petroleum Wholesaling in the US.


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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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  1. Paris, France: Paris is the most popular tourist destination in the world. ...
  2. London, England: London is one of the world's most visited cities. ...
  3. Rome, Italy: Rome is a city steeped in history. ...
  4. New York City, USA: New York City is one of the most vibrant cities in the world.


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