Page 176 - MOET ENGLISH PR REPORT

Page 176 - MOET ENGLISH PR REPORT - JUNE 2025

P. 176

7/1/25, 3:21 PM Mohammed bin Rashid: UAE among top 7 global destinations for international tourist spending
From a fiscal perspective, the tourism and travel sector generated US$8.6 billion in tax revenues in
2023, representing 5.4% of total government revenues. This underscores the sector’s increasing
financial significance and its vital contribution to the country’s public treasury.

On the global level, the report stated that the travel and tourism sector contributed US$10.9 trillion to the

global GDP in 2024, representing 10% of the world economy. This reflects an 8.5% increase compared
to 2023 and a 6% rise compared 2019.

Looking ahead, the sector’s contribution is projected to reach US$11.7 trillion in 2025, which would mark
a 6.7% increase over 2024 and a 13% growth over 2019, underscoring the sustained recovery and

expansion of global tourism.

The report also highlighted the sector’s robust role in job creation, with 356.6 million jobs generated
worldwide in 2024, accounting for 10.6% of total global employment. This represents a 6.2% increase
from 2023 and a 5.6% increase from 2019.