- Travel/Tourism is the most exported service, generating US$1.407 trillion in 2019.
- Travel exports expanded by only 1% in 2019, down from 8% in both 2017 and 2018, due to global decline in international tourist arrivals as a result of a lower disposable income for many consumers, currency depreciation in some countries, and many consumers choosing not to travel.
- Sectoral contribution to total percentage of Africa’s service exports 2018 – 42.4%
- Africa’s share of global travel exports is 3.5% and imports is at 2.5%
- Leading global exporters of travel are EU, USA, Thailand, UK & Australia.
- Leading global importers of travel are EU, China, USA, UK & Russia.
- Tourism accounts for more than 66% of global trade in services through Mode 2 (consumption abroad).
