What percent of Egypts economy is tourism?

The travel and tourism industry in Egypt is one of the country’s leading economic sectors, generating about 389 billion Egyptian pounds for the GDP in 2018. About 88 percent of the direct travel and tourism contribution to Egypt derives from leisure spending compared to 12 percent of business spending.

How big is the tourism industry in Egypt?

Tourism in the economy. In 2018, total revenue from tourism reached EGP 174.1 billion, a 124% increase on the previous year, representing 15% of the country’s GDP. The tourism sector is one of the largest employers in Egypt, providing 3.1 million jobs or 9.5% of the total workforce.

How much does Egypt spend on tourism?

Tourism expenditure in Egypt 2008-2017. This statistic shows the tourism expenditure in Egypt from 2008 to 2017. In 2017, the expenditure was valued at around 8.64 million U.S. dollars, showing an increase compared to 3.31 million dollars in 2016 and a decline compared to 10.82 million dollars in 2010.

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How much of the economy is tourism?

The direct contribution of the travel and tourism industry accounted for 3.3 percent of the total global GDP in 2019, showing a small rise over the previous year. Comparatively, the total contribution of the travel and tourism industry in 2019 accounted for 10.4 percent of the total GDP worldwide.

How important is tourism to Egypt’s economy?

CAIRO – 19 March 2019: World Travel &Tourism Council (WTTC) issued a report revealing that the travel and tourism sector’s contribution to the Egyptian gross domestic product (GDP) hit 11.9 percent of the total economy during 2018.

What is the most visited place in Egypt?

15 Top-Rated Tourist Attractions in Egypt

  1. Pyramids of Giza. Pyramids of Giza.
  2. Luxor’s Karnak Temple and the Valley of the Kings. Karnak Temple.
  3. Cruising the Nile. Cruising on the Nile at Luxor.
  4. Aswan. Feluccas on the Nile at Aswan.
  5. Abu Simbel. Abu Simbel.
  6. Diving the Red Sea.
  7. Explore Islamic Cairo.
  8. South Sinai’s Beach Life.

How many tourists does Egypt get each year?

Statistics

Year Total number of tourists, million Total number of nights, million
2016 5.4 37.2
2017 8.9
2018 11.3
2019 13.026 136

What is the importance of tourism in Egypt?

Tourism in Egypt is one of the most important sources of national income, with the annual dollar revenues it provides, and the foreign currency returns that enabled it to participate significantly in the gross domestic product, and to combat unemployment by employing a wide segment of the workforce in Egypt.

How many tourists does Egypt get?

The number of tourist arrivals to Egypt during July 2018 amounted to about 1.1 million an increased from 781 thousand during July of the previous year.

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What does Egypt’s economy depend on?

Egypt’s economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism. Note: Top 3 trade partners are calculated by imports + exports.

How does tourism impact GDP?

In the financial year 2018–19, Australia generated $60.8 billion in direct tourism gross domestic product ( GDP ). This represents a growth of 3.5 per cent over the previous year – faster than the national GDP growth. Tourism also directly employed 666,000 Australians making up 5 per cent of Australia’s workforce.

How many tourists visit the pyramids of Giza each year?

Still mighty and intact, the Grand Pyramids of Giza receive 14.7 million visitors every year for their beautiful and symmetrical structures. The three pyramids, mainly named Pyramid of Khufu, Pyramid of Khafra and Pyramid of Menkaure are popularly visited and explored among all small incomplete pyramids.

Which country depends most on tourism?

The Maldives, located in the Indian Ocean, is the country most reliant on tourism. These are the countries most reliant on your tourism dollars.

Ranking Country % of GDP
1 Maldives 38.92
2 British Virgin Islands 32.96
3 Macao 28.05
4 Aruba 27.64

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Which country earns the most from tourism?

List of Countries by Tourism Income

Rank Country Tourism Income ($)
1 United States of America 210,747,000,000
2 Spain 67,964,000,000
3 France 60,681,000,000
4 Thailand 57,477,000,000

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How does tourism help the economy?

Tourism helps to “enhance employment opportunities and earnings, which can be of major economic significance to the local population” [18]. In terms of employment, the local community could expand their earnings and socio- economic condition, which could lead to an improved standard of living.

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