Tourism share to economy stands at P1.38T in 2022

The contribution of tourism to the Philippine’s economic output grew larger in 2022 amid the reopening of both domestic and international borders as the world recovers from the COVID-19 pandemic.

Data released by the Philippine Statistics Authority on Friday showed that tourism’s direct gross value added (TDGVA) to the Philippine’s gross domestic product (GDP) was estimated at 6.2%.

Last year’s TDGVA was higher than 2021’s 5.2%.

Tourism’s share to the 2022 GDP, in peso terms, amounted to

P1.38 trillion, up 36.9% from P1 trillion recorded in 2021.

The economy as measured by GDP —the total value of goods and services produced in a specific period— grew by 7.6% in 2022.

Broken down, inbound tourism expenditure, which refers to the spending of foreign visitors and Filipinos permanently re- siding abroad within the Philippines, grew to P368.67 billion from P27.63 billion in 2021.

Domestic tourism expenditure, or the spending of resident visitors within the country, meanwhile, amounted to P1.50 trillion, growing 92.3% year-onyear.

Employment in tourism industries last year stood at 5.35 million, up 9.3% from 4.9 million in 2021.

The share of employment in tourism industries to total employment in the country in 2022 was recorded at 11.4%, according to the PSA.