Where does tourism rank as a global industry?

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 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. At 14.5% of international travel spending globally, international travelers spend more in the United States than any other country.

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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 2019, Travel & Tourism was one of the world's largest sectors, accounting for 10.4% of global GDP (USD 9.2 trillion), 10.6% of all jobs (334 million), and was responsible for creating 1 in 4 of all new jobs across the world.

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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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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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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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Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens. The number of jobs created by tourism in many different areas is significant.

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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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Countries with the highest inbound tourism receipts worldwide 2019-2022. The United States was the country worldwide with the highest international tourism receipts in 2022.

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Also, in 2019, nearly 80 million international travelers visited the United States and contributed nearly $240 billion to the U.S. economy, making the United States the global leader in revenue from international travel and tourism.

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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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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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Visitor spending — which supports jobs, income, and business sales — generated $8.8 billion in government revenues. State and local taxes alone tallied $4.2 billion in 2021, an increase of $614 million from 2020.

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Utilities and leasing firms lead the list due to their heightened use of installation, maintenance and customer service-oriented business travel. On the other hand, industries such as construction, banking and oil refining, look to business travel far less as a percentage of their overall business.

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