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Share of Tourism to GDP is 5.4 percent in 2020

Reference Number: 2021-237
Release Date: 16 June 2021

In 2020, the contribution of Tourism Direct Gross Value Added (TDGVA) to the Philippine economy, as measured by the Gross Domestic Product (GDP), is estimated at 5.4 percent.  (Table 10.1)

The TDGVA amounted to PhP 973.31 billion in 2020, lower by -61.2 percent compared with the PhP 2.51 trillion in 2019.  (Table 6.1)

All forms of tourism expenditures posted downturns in 2020: inbound tourism expenditure declined by -77.9 percent, while domestic tourism expenditure by -82.3 percent, and outbound tourism expenditure by -73.2 percent. Internal tourism expenditure, comprising inbound and domestic tourism expenditure, decreased by -81.6 percent. (Tables 1.2, 2.2, 3.2, and 4.2)

Inbound tourism expenditure, which refers to the expenditure of non-resident visitors (foreign visitors and Filipinos permanently residing abroad) within the Philippines, shared 2.9 percent to the country’s total exports in 2020. On the other hand, domestic tourism expenditure, which covers expenditures of resident visitors within the country either as domestic trip or part of an international trip, contributed 4.1 percent of the household final consumption expenditure. (Tables 10.2 and 10.3)

Employment in tourism characteristic industries declined in 2020

Employment in tourism characteristic industries was estimated at 4.68 million in 2020, lower by -18.1 percent compared with 5.72 million in 2019. Share of employment in tourism industries to total employment in the country was recorded at 11.9 percent.  (Table 10.5)

The Philippine Tourism Satellite Accounts (PTSA) is compiled annually by the Philippine Statistics Authority (PSA).

 

DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

 

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Given the importance of tourism in the overall economic growth in the country, one would wonder how much income does tourism bring into the country. In response to this, the Philippine Statistics Authority (PSA)  and the Department of Tourism (DOT) are closely working together to measure the contribution of tourism in the economy through the institutionalization of the PTSA.