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The Economic Impact of Travel & Tourism 2015 – Canada

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Each year, WTTC produces reports covering the economic contribution of the travel & tourism sector in 184 countries, 24 regions and the world as a whole.

2015 ANNUAL RESEARCH: KEY FACTS

GDP:

The direct contribution of Travel & Tourism to GDP was CAD23.1bn (1.2% of total GDP) in 2014, and is forecast to rise by 5.5% in 2015, and to rise by 3.4% pa, from 2015-2025, to CAD33.9bn (1.3% of total GDP) in 2025.

The total contribution of Travel & Tourism to GDP was CAD88.6bn (4.5% of GDP) in 2014, and is forecast to rise by 4.6% in 2015, and to rise by 3.2% pa to CAD127.1bn (5.1% of GDP) in 2025.

EMPLOYMENT:

In 2014 Travel & Tourism directly supported 462,000 jobs (2.6% of total employment). This is expected to rise by 5.3% in 2015 and rise by 0.7% pa to 520,000 jobs (2.7% of total employment) in 2025.

In 2014, the total contribution of Travel & Tourism to employment, including jobs indirectly Visitor exports generated CAD18.3bn (2.9% of total exports) in 2014. This is forecast to grow by 6.1% in 2015, and grow by 2.8% pa, from 2015-2025, to CAD25.7bn in 2025 (2.8% of total).

VISITOR EXPORTS:

Visitor exports generated CAD18.3bn (2.9% of total exports) in 2014. This is forecast to grow by 6.1% in 2015, and grow by 2.8% pa, from 2015-2025, to CAD25.7bn in 2025 (2.8% of total).

INVESTMENT:

Travel & Tourism investment in 2014 was CAD11.7bn, or 2.5% of total investment. It should rise by 5.5% in 2015, and rise by 3.6% pa over the next ten years to CAD17.6bn in 2025 (2.8% of total).

Read the report here.

 

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