cover image: Africa's tourism potential, Trends, drivers, opportunities, and strategies

Africa's tourism potential, Trends, drivers, opportunities, and strategies

3 Dec 2018

The tourism industry is playing an increasingly important role in the global economy, contributing 5 percent of gross domestic product (GDP), 30 percent of service exports, and 235 million jobs. Indeed, each year, approximately 1 billion people travel internationally. By 2030, consumer spending on tourism, hospitality, and recreation in Africa is projected to reach about $261.77 billion, $137.87 billion more than in 2015. From 1998 to 2015, service exports, including of "industries without smokestacks" such as tourism, have grown about six times faster than merchandise exports in Africa.
economic development west africa sub-saharan africa developing economies global economy

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