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The Financial Impact of Covid-19 on World Tourism
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Methodology: We’ve taken data from the World Travel and Tourism Council report on the impact COVID-19 has had on the travel industry. Taking the revenue loss, we’ve looked at which countries have had the biggest travel and tourism loss, and which countries are losing the highest amount of travel and tourism contribution to their GDP from January 2020 - October 2020. GDP data was taken from The World Bank. Data correct as of January 2021.
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Sources:
https://www.e-unwto.org/doi/abs/10.18111/wtobarometereng.2020.18.1.3
https://data.worldbank.org/
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Country
Pre-COVID Tourism receipts, $m
GDP, $mReceipts as % of gdpCOVID Revenue Loss $m
Est 2020 Receipts, $m
% of GDP loss
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United States256,14521,433,226.001%147,245108,9000.70%
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Spain81,2501,393,491.006%46,70734,5433.40%
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France73,1252,715,518.003%42,03631,0891.50%
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Thailand65,242543,549.0013%37,50527,7386.90%
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Germany60,2603,861,124.002%34,64125,6190.90%
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Italy51,6022,003,576.003%29,66421,9391.50%
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United Kingdom48,5152,829,108.002%27,88920,6261.00%
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Australia47,3271,396,567.003%27,20620,1211.90%
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Japan45,2765,081,770.001%26,02719,2490.50%
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Hong Kong SAR, China41,870365,712.0012%24,06917,8016.60%
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China40,38614,342,903.000%23,21617,1700.20%
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Macao SAR, China40,35853,859.0073%23,20017,15843.10%
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Turkey37,140761,426.005%21,35015,7902.80%
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India29,1432,868,929.001%16,75312,3900.60%
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Netherlands25,850907,051.003%14,86010,9901.60%
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Austria25,411445,075.006%14,60810,8033.30%
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Portugal24,105238,785.0010%13,85710,2485.80%
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Mexico23,8021,268,871.002%13,68310,1191.10%
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Canada21,9781,736,426.001%12,6349,3440.70%
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Malaysia21,774364,681.006%12,5179,2573.40%
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Greece21,594209,853.0010%12,4139,1815.90%
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United Arab Emirates21,390421,142.005%12,2969,0942.90%
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Singapore20,416372,063.006%11,7368,6803.20%
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Switzerland20,276703,082.003%11,6568,6201.70%
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Korea, Rep.19,8561,646,739.001%11,4148,4420.70%
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Russian Federation18,6701,699,877.001%10,7337,9380.60%
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Saudi Arabia16,975792,967.002%9,7587,2171.20%
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Poland15,748595,858.003%9,0536,6951.50%
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Indonesia15,6001,119,191.002%8,9686,6320.80%
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Qatar15,239175,838.008%8,7606,4795.00%
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Sweden14,926530,884.003%8,5806,3461.60%
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Ireland14,658388,699.004%8,4266,2322.20%
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Egypt, Arab Rep.12,704303,092.005%7,3035,4012.40%
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Croatia12,07560,753.0020%6,9415,13411.40%
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New Zealand10,961206,929.005%6,3014,6603.00%
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Belgium10,381533,097.002%5,9684,4141.10%
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Vietnam10,080261,921.004%5,7954,2862.20%
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South Africa9,789351,432.003%5,6274,1621.60%
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Philippines9,730376,796.003%5,5934,1371.50%
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Hungary9,595163,469.006%5,5164,0793.40%
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Morocco9,523119,700.008%5,4744,0494.60%
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Denmark9,097350,104.003%5,2293,8681.50%
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Lebanon8,69451,992.0015%4,9983,6969.60%
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Czech Republic8,291250,681.003%4,7663,5251.90%
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Israel8,073394,652.002%4,6413,4321.20%
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Dominican Republic7,56188,941.009%4,3473,2154.90%
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Norway7,096403,336.002%4,0793,0171.00%
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Colombia6,617323,616.002%3,8042,8131.20%
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Brazil6,3241,839,758.000%3,6352,6890.20%
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Jordan6,22144,503.0015%3,5762,6458.00%
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Argentina5,999445,445.001%3,4492,5510.80%
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Finland5,663269,296.002%3,2552,4081.20%
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Panama5,61566,801.009%3,2282,3874.80%
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Sri Lanka5,60884,009.006%3,2242,3843.80%
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Luxembourg5,53771,105.008%3,1832,3544.50%
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Bulgaria5,07268,559.008%2,9162,1564.30%
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Peru4,894226,848.002%2,8132,0811.20%
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Cambodia4,83227,089.0020%2,7782,05410.30%
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Iran, Islamic Rep.4,632453,996.001%2,6631,9690.60%
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Costa Rica3,99561,801.007%2,2971,6993.70%
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Chile3,972282,318.001%2,2831,6890.80%
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Bahrain3,83438,574.0010%2,2041,6305.70%
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Ethiopia3,54895,913.004%2,0401,5082.10%
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Georgia3,51817,477.0020%2,0221,49611.60%
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Cyprus3,44924,949.0014%1,9831,4667.90%
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Bahamas, The3,38313,579.0027%1,9451,43814.30%
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Slovenia3,37854,174.006%1,9421,4363.60%
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Slovak Republic3,318105,080.003%1,9071,4111.80%
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Puerto Rico3,282104,989.003%1,8871,3951.80%
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Romania3,261250,077.001%1,8751,3860.70%
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Iceland3,12824,188.0012%1,7981,3307.40%
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Jamaica3,09916,458.0020%1,7821,31810.80%
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Maldives3,0545,642.0057%1,7561,29831.10%
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Oman2,97576,332.004%1,7101,2652.20%
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Cuba2,969100,023.003%1,7071,2621.70%
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Azerbaijan2,83048,048.006%1,6271,2033.40%
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Kazakhstan2,651181,666.002%1,5241,1270.80%
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Tanzania2,46563,177.004%1,4171,0482.20%
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Uruguay2,43956,046.004%1,4021,0372.50%
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Estonia2,33231,471.008%1,3419914.30%
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Tunisia2,32038,797.006%1,3349863.40%
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Albania2,30615,279.0015%1,3269808.70%
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Ukraine2,269153,781.002%1,3049650.80%
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Mauritius2,16114,048.0015%1,2429198.80%
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Aruba2,0243,056.0075%1,16486138.10%
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Iraq1,986234,094.001%1,1428440.50%
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Nigeria1,977448,120.001%1,1378410.30%
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Serbia1,92151,475.004%1,1048172.10%
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Ecuador1,878107,436.002%1,0807981.00%
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Malta1,84514,989.0013%1,0617847.10%