What Is The Annual Revenue Generated By Tourism In France?

In 2023, France maintained the top spot in the ranking of countries with the highest number of international tourist arrivals worldwide, with arrivals reaching 100 million. The country’s tourism industry generates significant revenue, with revenues reaching €59 billion by late November. From 2008 to 2024, tourism revenues in France averaged 4148.16 EUR Million, reaching an all-time high of 8069.00 EUR Million in August 2023. However, in the first seven months of 2020, there was a 66 drop in arrivals and tourism revenue fell by 50. The biggest drops were noted in the Ile de France region, including Paris, which saw a €23.1 billion drop in tourism revenue.

In 2023, travel and tourism’s total contribution to GDP in France reached nearly 250 billion euros, exceeding pre-pandemic levels. Tourism in France directly contributed 79.8 billion euros to GDP in 2013, with 30 of which comes from international visitors and 70 from domestic visitors. Since 2010, France has received an average of 77.8 million international visitors each year, with 79.4 million in 2022.

Tourism spending reached a record 5 increase from the previous year to 56.2 billion euros in 2019. In 2021, tourism contributed 3.0 of the wealth created by the French economy, i.e., 75.7 billion euros, more than 4.0 before the health crisis. In France, tourism accounts for 8 of GDP, thanks to the millions of people passionate about their jobs and their country who uphold its excellent reputation.

How much money does France make each year?

In 2022, France was the seventh largest economy globally, with a GDP growth rate of 6. 5% in 2021 and 2. 5% in 2022. This was due to an 8% decline in GDP in 2020 due to the economic fallout of the COVID-19 pandemic. The French unemployment rate continued to decline, following a trend visible since 2015. However, the inflation rate increased rapidly towards the end of 2020 and reached a peak of 6. 3% in February 2023.

The COVID-19 crisis had a significant impact on France’s economy, highlighting flaws in the health system, lack of medical personnel, and the need for more budget allocation. The crisis also exposed essential professions like nurses and supermarket cashiers, which were largely filled by women. Remote work became increasingly popular among French employees. The business confidence index was 96. 92 in May 2020, compared to 100. 6 one year earlier.

France’s cost of living crisis intensified in the spring due to price increases on housing, energy, transport, and food, a direct consequence of the Russia-Ukraine war. The cost of living suffered a noticeable rise, and the French perception of the poverty line also increased. In 2019, a single person was considered poor if they earned less than 1, 193 euros net per month. In 2023, this minimum income increased to 1, 377 euros. Differences between French regions were also noticeable, with life in the French capital being more expensive.

The annual inflation rate is expected to remain high at 5. 6% before possibly falling to 2. 5% in 2024. For now, an important part of the population has had to implement various strategies to fight high inflation, such as buying less meat, going to discount stores, and often looking for reduced prices when grocery shopping.

How much does tourism make a year?

The US travel and tourism industry is a significant contributor to the economy, with international visitors spending $233. 5 billion in 2019 and contributing nearly $640 million a day. The industry generates $1. 9 trillion in economic output, supports 9. 5 million American jobs, and accounts for 2. 9 of the US GDP. The International Trade Administration supports the industry through its National Travel and Tourism Office (NTTO) and the U. S. Commercial Service, providing data and related products to support international outreach and promotion efforts.

With over 100 offices in the US and 75 countries worldwide, the NTTO promotes US policies that encourage competitiveness, provides business counseling, match-making, and promotional support services, ensures that regulations do not adversely impact industry competitiveness, and provides information, trade data, and market analysis to the industry, partners, and policy makers. Maintaining close relationships with the industry helps enhance its competitiveness and overseas profile.

How does tourism benefit France?

The aggregate internal tourism consumption in France, inclusive of expenditures by both residents and non-residents, represents approximately 7. 5% of the country’s gross domestic product (GDP). Additionally, the tourism sector has generated over two million jobs, underscoring its significant contribution to the French economy.

How much money does tourism generate for France?

France’s tourism expenditure decreased from $63. 5 billion in 2019 to $32. 6 billion in 2020 due to border closures and travel restrictions. However, in 2021, France saw signs of recovery with $40. 8 billion in tourist revenue and $59. 7 billion in 2022. In 2023, France generated $68. 6 billion in revenue, a 110 increase from 2020 and an 8 increase from 2019. The UK is the leading source of tourists to France, with 13 million visitors in 2018, followed by Germany and Belgium. In 2022, over 93. 2 million tourists visited France, indicating a strong rebound from pandemic years and a 3 increase from the 2019 peak.

Which country profits the most from tourism?

The US leads the travel and tourism market in revenue with 204. 45 billion U. S. dollars, followed by China with 149. 18 billion U. S. dollars, and Canada with 16. 75 billion U. S. dollars, resulting in a difference of 187. 7 billion U. S. dollars. Other insights include a ranking by country regarding revenue in the market and a subsegment in the Netherlands’ Cruises segment. Statista Market Insights covers a wide range of markets.

What is the most touristic country in Europe?

France, the most visited destination in Europe, saw a significant increase in visitors in 2023, welcoming 100 million visitors. This marked a significant increase in tourism, with nearly 90% of pre-pandemic levels met. Countries like France, Spain, Turkiye, Italy, and the United Kingdom are emerging as vibrant tourism centers, offering a glimpse of brighter days ahead. The top ten most visited countries in Europe are France, Spain, Turkiye, Italy, and the United Kingdom, all of which are attracting tourists due to their captivating beauty and cultural treasures.

What is the 1% income in France?

In 2024, in order to be classified as a top one percent earner in France, an individual must have a monthly income of at least €10, 000, exclusive of taxes and social charges, according to the independent Observatoire des Inégalités, which is responsible for measuring poverty and wealth levels in France.

Who is earning the most tourism?

The US leads the travel and tourism market in revenue with 204. 45 billion U. S. dollars, followed by China with 149. 18 billion U. S. dollars, and Canada with 16. 75 billion U. S. dollars, resulting in a difference of 187. 7 billion U. S. dollars. Other insights include a ranking by country regarding revenue in the market and a subsegment in the Netherlands’ Cruises segment. Statista Market Insights covers a wide range of markets.

Where does France rank in tourism?

France has become a global leading travel market in the past three decades, thanks to its rich tourism offer, including Paris, the French Riviera, and the Alps. In 2023, France maintained the top spot in the ranking of countries with the highest number of international tourist arrivals worldwide, with 100 million arrivals. The total contribution of travel and tourism to France’s GDP also recovered from the impact of the COVID-19 pandemic, increasing by about four percent compared to 2019.

Germany, the United Kingdom, and Belgium accounted for the highest share of international tourist arrivals in France, representing 40% of arrivals in the European destination. Spain and Italy ranked as the most visited travel destinations from France, followed by the United Kingdom and Morocco. Despite a strong rebound in outbound tourism spending, the expenditure of French travelers abroad remained slightly below pre-pandemic figures.

Paris, home to the Eiffel Tower and the Louvre, is a key driver of the country’s inbound tourism market, ranking ahead of London, Istanbul, and Barcelona in 2023 with nearly 22 million arrivals. The total number of tourist arrivals to Paris and the Île-de-France region rose to over 47 million that year, growing by eight percent from 2022 and nearly catching up with pre-pandemic levels.

What is France biggest source of income?

France’s main economic sector is the services sector, accounting for two-thirds of GDP. This includes retail, tourism, financial services, and government spending. France’s economy is diverse, with a mix of private and state-owned enterprises. Key sectors include manufacturing, tourism, finance, and agriculture. Paris is a key financial center in Europe, with over 5000 employees relocated from London to Paris since the UK left the EU. The country’s economy is one of the world’s largest, with a mix of private and state-owned enterprises.

How much of Paris GDP is tourism?

It is anticipated that travel and tourism will once again serve as a primary driver of economic growth over the next decade, with projected GDP growth rates exceeding those of other sectors and the generation of 126 million new jobs globally. Further information may be obtained by contacting the WTTC Press Office or visiting the WTTC website (wttc. org).