Tourism Posted Highest Growth in 2023, Contributing 8.6 Percent to the Economy
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For the years 2000-2010, the average share of tourism direct gross value added (TDGVA) to the country’s GDP is about
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Among the tourism-characteristic industries, shopping had the biggest share to TDGVA at
Considered as employment generator than income generator, share of tourism employment to total employment has been on the rise, averaging 9.7% for the years 2000-2010. Employment in tourism industries was estimated at 3.7 million in 2010, up by
Meanwhile, inbound tourism expenditures, which refer to the expenditures of non-resident visitors (foreign visitors and Philippine passport holders permanently residing abroad) within the Philippines, amounted to PhP 109.2 billion,
On the other hand, domestic tourism expenditures, which refer to the expenditures of resident visitors within the country either as a domestic trip or part of an international trip, posted double-digit growth of
The information cited above is based on the Philippine Tourism Satellite Accounts (PTSA) compiled by the National Statistical Coordination Board (NSCB) in coordination with the Department of Tourism, and the NSCB Inter Agency Committee on Tourism Statistics (IACTS).
ROMULO A. VIROLA
Secretary General