Tuesday, 14 April 2015

P1 Part 2 - The importance and contribution of Tourism to the GDP of the UK economy

Hi Year 12 L3 T&T

P1 Part 2

What is GDP

GDP stands for Gross Domestic Product and it is the monetary value of all the finished goods and services produced within a country's borders within a specific time but usually on an annual basis.  See BBC

Importance of GDP


Data from the World Trade Organisation shows that international tourist arrivals for business, 
leisure and other purposes were estimated at £880 million in 2009

This has a forecast growth to $1.6 billion by 2020.

International tourism generated US$852 in export earnings in 2009

Tourism was worth £115.4 billion to the UK economy in 2009

This is the equivalent of 8.9% of GDP 

Importance to employment

Tourism is said to be the world’s largest employer.

Approximately 250 million are employed within the tourism industry

In the UK – 10% of total employment is in the tourism sector.

International tourism supports more than 230 million jobs across the world.
The number of jobs supported by UK tourism is forecast to rise from the current figure of 
2.6 million to 2.9 million by 2020.

At present, one in 12 jobs in the UK is either directly or indirectly supported by tourism.

Tourism is said to be the world’s largest employer.Approximately 250 million are
employed within the tourism industry.

In the UK – 10% of total employment is in the tourism sector.

International tourism supports more than 230 million jobs across the world.

The number of jobs supported by UK tourism is forecast to rise from the current figure of 
2.6 million to 2.9 million by 2020.

At present, one in 12 jobs in the UK is either directly or indirectly supported by tourism. 

Study Skills 

Planning the layout of your coursework click here
Referencing

If you use any of these you will need to find a reference to attach to it so that you can say 
where the information is from.  Alternatively you may use your own research.

Good Luck and enjoy

Mr T

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