Best answer: How much does Egypt earn from 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 much money does Egypt earn from tourism?

CAIRO, July 4 (Reuters) – Egypt’s tourism revenues were between $3.5 billion to $4 billion during the first half of 2021 and the country received about 3.5 million tourists from January to June, Ghada Shalaby, deputy minister of tourism, told Reuters.

What percentage of Egypt economy is tourism?

Egypt – Contribution of travel and tourism to GDP as a share of GDP. Egypt contribution of travel and tourism to GDP (% of GDP) was at level of 12 % in 2019, up from 11.9 % previous year.

How much does Egypt spend on tourism?

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.

IT IS SURPRISING:  Do foreign citizens pay India taxes?

How big is the tourism industry in Egypt?

The tourism sector is one of the largest employers in Egypt, providing 3.1 million jobs or 9.5% of the total workforce. In 2018, Egypt recorded 9.8 million international arrivals, an increase of 48% compared to the previous year.

Why is Tourism down in Egypt?

Travel restrictions and lockdowns because of the Covid-19 pandemic wiped out $17.6 billion from Egypt’s economy last year, including 844,000 travel and tourism jobs, according to the World Travel and Tourism Council. … While Egypt hosted 13 million tourists in 2019, that number shrivelled to 3.6 million in 2020.

Why has Tourism decreased in Egypt?

Tourism has always been one of the biggest economic factors in Egypt. … However, since the revolution of 2011 and the overthrow of Hosni Mubarak, tourism has gone down sharply, simply because many think the country is not safe enough. In the past years the number of visitors to Egypt fell by over 30%.

Does Egypt rely on 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.

What countries visit Egypt the most?

There’s no question about the fact that Egypt’s tourism took a big hit after the events of Jan.

Where Do Egypt’s Tourists Come From?

  • Russia. There is no surprise that Russia takes the lead here. …
  • UK. …
  • Germany. …
  • Ukraine. …
  • Italy. …
  • Saudi Arabia. …
  • Poland. …
  • Libya.
IT IS SURPRISING:  Your question: How has tourism contributed to Jamaica's development?

Which nationalities visit Egypt the most?

This huge drop can easily be attributed to the coronavirus (COVID-19) pandemic. However, the same trend was visible in the two years, the highest number of tourist arrivals were from European countries followed by Arab countries with around 2.31 million and 920 thousand tourists.

How many people are employed in Tourism in Egypt?

The number of those employed in the Egyptian Travel & Tourism sector fell from 2.4 million in 2019, to nearly 1.6 million in 2020 – a drop of more than a third (35%).

What is the Tourism like in Egypt?

Some of the most popular things for visitors to do in Egypt include exploring Hurghada’s pretty beaches, discovering the stone relics of Luxor and swimming in the clear waters of Sharm el Sheikh. Tourism is good for Egypt as it brings significant amounts of money into the country.