Many countries all over the world are looking into the diversification of the economy to boost their GDP and to achieve this, tourism had become one of the major economic diversification plans of many countries.
Tourism is known as the act and process of spending time down from home in pursuit of recreation, relaxation, and pleasure while making use of the marketable provision of services.
Even though many countries are looking into the Tourism sector, only a few notable countries in the can make billions from the sector and some of these major countries include the USA, Australia, Canada and the United Kingdom (UK).
In this article, the total income generated by these 4 countries from the tourism sector would be revealed. However, it is important to note that in 2020, the revenue generated in these countries dropped terribly because of the outbreak of the Covid-19 pandemic in the world.
According to STATISTICA, the following statistics would focus on 2019 and 2021 and here are the breakdown of the revenues from each country.
TOURISM REVENUE IN THE USA
As expected, the United States of America generates the most revenue as millions troop into the country yearly because of the vibrant and entertaining cities scattered all over the country. In 2019, it was reported that an estimated number of 80 million tourist visitors were recorded in the North American country.
These visits generated 1.1 trillion dollars for the country in just one year (2019) and apart from that, millions of jobs were created for the unemployed people in the country and the already existing Jobs were supported.
So far in 2021, about 5 billion dollars had been generated from tourism in the united countries of America and this is still a result of the negative impact of the Covid-19 as the USA was the worst hit by the pandemic.
TOURISM REVENUE IN THE UNITED KINGDOM – UK
Tourism-related revenue contributes significantly to the GDP growth in the United Kingdom (UK). In 2019 alone, an estimated amount of 237 billion British pounds was contributed by trip and tourism to the UK’s GDP, but this revenue dropped below 50% because of the Coronavirus.
Tourism in the UK provided and supported Over 4 million jobs but the virus issue affected that too as millions either lost their Jobs and existing ones were at the risk of going bankrupt due to the reduced inflow of income.
TOURISM REVENUE IN CANADA
This statistic shows the donation of tourism to the gross domestic product (GDP) in Canada from 2000 to 2019. Canada’s tourism assiduity contributed roughly 39.72 billion Canadian dollars to the country’s GDP in 2019.
An estimated number of 1.8 million jobs were supported by tourism. Tourism in the Canadian territory is boosted by medicine, Education and visits to the snowy mountains of Canada.
TOURISM REVENUE IN AUSTRALIA
Australia is located in the Oceania region of the world and even though it is considered as a country, it also received status as a Continent.
Due to the Far distance between Australia and American and European Continents, most tourists who enter the Australian territory are Asians.
According to STATISTICA, Japanese, Malaysians, Singaporeans, New Zealanders and Chinese tourists are the major contributors to the Tourism sector of Australia. Apart from the aforementioned 5 countries, the USA and UK complete the top 7 visitors.
In the year 2019, there were 9.4 million tourists visitors to Australia and this provided 5.2 million jobs in the country; an estimated revenue of AUD 60.8 Billion (60.8 billion Australian dollars) was generated in 2019.