If you decline, your information won’t be tracked when you visit this website. The tourism confederation, created in 1995, aims to “bring together all the professionals in the sector,” including hotels, restaurants, travel agencies, and tourist transport. The data reached an all-time high of 1,376 USD mn in Aug 2017 and a record low of 40 USD mn in Aug 2020. The economy of Morocco is considered a relatively liberal economy governed by the law of supply and demand.Since 1993, Morocco has followed a policy of privatization of certain economic sectors which used to be in the hands of the government. Payable monthly by credit card. Nearby, couples and families stroll the beaches of Cape Sim and Sidi Kaouki, which also attract surfers of all types. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Morocco's Tourism Revenue data is updated monthly, available from Jan 1997 to Mar 2021. Essaouira Tourism: Best of Essaouira. Tourism revenues hit 78.6 billion dirhams ($8.16 billion) in 2019, up from 73.04 billion dirhams ($7.58 billion) […] We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. People walk next to Palmarium shopping mall in Tunis. The industry recorded gradual growth in arrivals and revenue in 2017 and 2018. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. Morocco’s Tourism Observatory has announced that nearly 7.544 million tourists visited Morocco by the end of July 2019. The roadmap presented by CNT’s president focuses mainly on a digital transformation of the tourism sector, but it also revolves around the development of human resources, taxes, and the sector’s regulations. - Morocco World News. It is projected that the number of tourist arrivals will increase to 1.1 million by the close of 2019,” she said. The ratio of tourism income to the total GDP gives a rough figure which economies are most dependent on tourism … Although the country's GDP growth experienced a moderate slow down in 2018, its tourism revenue … Relatively large CADs will be mostly debt-financed and net external debt will edge up to 19.5% of GDP in 2022, up from 16.7% in … How the 20 Largest Economies Stack Up. Necessary cookies are absolutely essential for the website to function properly. The sector also represents 29% of Morocco’s service exports, revealed Kabbaj, highlighting the role of tourism in the reduction of unemployment in Morocco. Rabat – Moroccan tourism reached a growth rate of 5.2% between 2018 and 2019, recording nearly 13 million tourists, revealed the President of the National Tourism Confederation (CNT), Abdellatif Kabbaj. In the publication, UN regions and subregions are ranked by the number of international visitor arrivals, by the revenue generated by inbound tourism, and by the expenditures of outbound travelers. Although visitor numbers have not yet been restored to their pre-2011 levels, occu¬pancy rates have increased across the country, with Cairo experiencing its highest occupancy levels since 2010. There were 621,000 workers employed in tourism in 2019–20. In 2019, contribution of travel and tourism to GDP (% of GDP) for Morocco was 18.9 %. The drop was attenuated 76% a month earlier, thanks to arrivals by Moroccan expatriates. At the same time, net FDI increased substantially to 2.5 percent of GDP. Below you can find a list of countries by total tourism income and ratio of tourism income by total GDP. Tunisia: $1.3b of Tourism Revenues Expected in 2019 . In 2021, the TAT aimed to encourage people to travel. Tourism revenues account for 11% of total GDP, according to the tourism ministry. A large government sponsored marketin… Monitoring Desk RABAT: A record 13 million tourists visited Morocco in 2019, up 5.2 percent from the previous year, official figures showed Wednesday. This website uses cookies to improve your experience while you navigate through the website. In 2019, government individual travel and tourism spending for Morocco was 0.1 billion US dollars. Since the first case was detected and the state of health emergency was declared in March 2020, measures have been taken, particularly concerning entry into and exit from the country, as well as internal movement. Foreign Exchange Office provides Tourism Revenue in local currency. Morocco tourism statistics for 2015 was 7,765,000,000.00 , a 14.39% … For example, flights to … As a result, tourism’s share of Australian employment fell from 5.2% to 4.8%. Morocco tourism statistics for 2016 was 7,922,000,000.00, a 2.02% increase from 2015. Forecast Growth 2019 7.8% VisitBritain, 2019 SECTION 1: Volume and Value of the UK Tourism Industry 1: The Value of Tourism The UK Tourism Industry’s International Ranking • The UK is the seventh largest international tourism destination ranked by visitor numbers. (TAN): Morocco received a record 13 million tourists in 2019, up 5.2% from the earlier year, reports said. Madrid (Spain), 6 June 2019 - Exports generated by international tourism reached USD 1.7 trillion in 2018, a 4% increase in real terms over the previous year, a new report from the World Tourism Organization (UNWTO) shows. … But opting out of some of these cookies may affect your browsing experience. Morocco's tourism revenues fell by 67.2% by the end of January, 2021, compared to the year before, i.e. ... Tourism revenue fell by … The number of tourists visiting Egypt sank to 3.5 million last year from 13.1 million in 2019. Morocco is amongst the best-developed tourism markets in Africa, benefitting from its close proximity to Europe, a wide variety of landscapes and attractions, year-round warm weather in parts of the country, and a more stable political and security environment than some of its regional competitors. Over this same period, Australia’s workforce grew 0.1%. 2019 Travvy Awards Travvy's 2018 Open Skies Debate Terrorism & Travel Drone Wars 2017: The Year of Travel 2017 Travvys ... (Electronic System for Travel Authorization) recently revealed the countries with the biggest tourism revenue loss due to the ongoing COVID-19 pandemic. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Tourism is very important to the destination and last year more than 10 million tourists visited the nation. Suitable for enterprise usage. MANILA — The Philippines' tourism revenue has reached a total of USD9.31 billion last year, up by 20.81 percent from USD7.71 billion receipts in 2018, the Department of Tourism (DOT) revealed Monday.. Aside from all-time high earnings, 2019 has also witnessed several tourism milestones as the Philippines also achieved its targeted 8.2 million international arrivals. Tourism Revenues in Algeria averaged 222.40 USD Million from 1995 until 2019, reaching an all time high of 477 USD Million in 2005 and a record low of 28 USD Million in 1997. The largest oasis in the world is in Morocco Oases are part of the natural wealth of Morocco. … The tourism sector in Morocco employs more than 750,000 people and represents 7% of Morocco’s Gross Domestic Product (GDP), amounting to about MAD 80 billion (around €7.5 billion). With a GDP of US $107 billion and a population of 33 million, Morocco not only has a relatively liberal economy but also the fifth largest in Africa. 1995 - 2019 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 The first six destinations are France, Spain, USA, China, Italy and Mexico. Instant access to full history data in excel. These cookies will be stored in your browser only with your consent. Africa was also the second-fastest growing tourism region with 5.6% growth in 2018 against a global average growth rate of 3.9%. The number of nights spent in Morocco’s tourist accommodation has also increased by 5% between 2018 and 2019, with hotels making MAD 78.5 billion (around €7.35 billion) in revenue, noted Kabbaj. To find out more about the cookies we use, see our Cookies Policy. Tourism is the second largest foreign exchange earner in Morocco, after the phosphate industry. The government has targeted that Morocco will have 10 million visitors by 2010, with the hope that tourism will then have risen to 20% of GDP. Morocco has become a major player in African economic affairs, and is the 5th largest African economy by GDP (PPP). % compared to the tourism revenue reached 229 USD mn in Mar 2021 Palmarium mall... With 229 USD mn in Mar 2021, compared with 249 USD mn in 2020. Bank capitalization is adequate, and history reviews of Marrakech hotels, Attractions, and Restaurants making it your Marrakech! Are France, Spain, USA, China, Italy and Mexico part of the Moroccan government heavily... Revenue for 2016 – 59.4 billion dirhams ( about 5.8 billion dollars ) at the end of 2016. To arrivals by Moroccan expatriates tourism in 2019–20 the World morocco tourism revenue 2019 in Morocco tourism.. 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