How much money does South Africa make from tourism?

In South Africa, the direct contribution of the tourism sector to GDP (Gross Domestic Product) was 130,1 billion rand in 2018 and constituted nearly 3% direct contribution to GDP. In 2018, the tourism sector contributed about 4,5% of total employment in South Africa.

How much does tourism contribute to GDP in South Africa 2020?

Through spillovers into the rest of the economy, spending accounted for 7.2% or R385 billion of total GDP in 2018. The BER further estimated that based on tourism expenditure in 2020, the sector’s contribution to GDP shrank to 2.9% in 2020 from 7.2% in 2018.

How does South Africa benefit from tourism?

Tourism remains a key driver of South Africa’s national economy and contributes to job creation. The tourism industry is a major contributor to the South African economy and employment of citizens. The sector contributes about 9% to the country’s gross domestic product (GDP).

What percentage of SA GDP is tourism?

In 2019, contribution of travel and tourism to GDP (% of GDP) for South Africa was 8.7 %. Contribution of travel and tourism to GDP (% of GDP) of South Africa increased from 7.1 % in 2000 to 8.7 % in 2019 growing at an average annual rate of 1.21%.

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How much money does Africa make from tourism?

African countries with the largest international tourism receipts 2020. As of 2019, South Africa ranked third in this region with international tourism receipts of 8.38 billion U.S. dollars, whereas Morocco and Tanzania registered 8.18 and 2.61 billion U.S. dollars, respectively.

What are the 7 sectors of tourism?

For many years, however, the tourism industry was classified into eight sectors: accommodations, adventure and recreation, attractions, events and conferences, food and beverage, tourism services, transportation, and travel trade (Yukon Department of Tourism and Culture, 2013).

Which province in South Africa contributes the greatest amount to the GDP from tourism?

The Western Cape is South Africa’s most developed tourism region. The tourism industry in the province has grown faster and created more jobs than any other industry.