Ethiopia-UNCTAD Report-Economy

Africa records robust growth with international tourist arrivals, tourism revenues - UN Report

APA-Addis Ababa (Ethiopia)

Africa has recorded robust growth with international tourist arrivals and tourism revenues growing at 6 percent and 9 percent respectively each year between 1995 and 2014, over the last two decades, UNCTAD said on Wednesday in a report.

In its Economic Development in Africa report 2017, the UN Conference on Trade and Development (UNCTAD) said tourism in Africa is a flourishing industry that supports more than 21 million jobs.

The report said tourism attracted capital investment of $26 billion on average in 2011-2014 to the African economy, and that this amount represented 1.8 percent of total GDP of the continent.

It added that international tourist arrivals in Africa increased to 56 million in the period 2011-2014, from 24 million in the previous one (1995-1998), and that the figure is forecast to grow to 134 million by 2030.

Tourism export revenues have more than tripled, increasing from $14 billion to approximately $47 billion, between 1995 and 2014. As a result tourism is now estimated to contribute about 8.5 percent to the continent’s gross domestic product (GDP), it further stated.

Some four out of 10 international tourists in Africa came from the continent, the UNCTAD Economic Development in Africa report continued.

The first 10-year implementation plan of the African Union’s Agenda 2063 aims at doubling the contribution of tourism to the continent’s GDP.


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