Caribbean small states | International tourism, receipts (% of total exports)
International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Their share in exports is calculated as a ratio to exports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Development relevance: Tourism is officially recognized as a directly measurable activity, enabling more accurate analysis and more effective policy. Whereas previously the sector relied mostly on approximations from related areas of measurement (e.g. Balance of Payments statistics), tourism today possesses a range of instruments to track its productive activities and the activities of the consumers that drive them: visitors (both tourists and excursionists). An increasing number of countries have opened up and invested in tourism development, making tourism a key driver of socio-economic progress through export revenues, the creation of jobs and enterprises, and infrastructure development. As an internationally traded service, inbound tourism has become one of the world's major trade categories. For many developing countries it is one of the main sources of foreign exchange income and a major component of exports, creating much needed employment and development opportunities. This measure reflects the importance of tourism as an internationally traded service relative to other categories of exports. Such a measure reveals the degree of tourism specialization in a country's export structure and the relative capability of tourism in generating foreign revenues. Limitations and exceptions: Tourism can be either domestic or international. The data refers to international tourism, where the traveler's country of residence differs from the visiting country. International tourism consists of inbound (arrival) and outbound (departures) tourism. The data are from the World Tourism Organization (WTO), a United Nations agency. The data on inbound and outbound tourists refer to the number of arrivals and departures, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival. The data on inbound tourism show the arrivals of nonresident tourists (overnight visitors) at national borders. When data on international tourists are unavailable or incomplete, the data show the arrivals of international visitors, which include tourists, same-day visitors, cruise passengers, and crew members. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. Expenditure associated with the activity of international visitors has been traditionally identified with the travel item of the Balance of Payments (BOP): in the case of inbound tourism, those expenditures associated with inbound visitors are registered as "credits" in the BOP and refers to "travel receipts". The 2008 International Recommendations for Tourism Statistics consider that "tourism industries and products" includes transport of passengers. Consequently, a better estimate of tourism-related expenditure by inbound and outbound visitors in an international scenario would be, in terms of the BOP, the value of the travel item plus that of the passenger transport item. Nevertheless, users should be aware that BOP estimates include, in addition to expenditures associated to visitors, those related to other types of travelers (these might be substantial in some countries; for instance, long-term students or patients, border and seasonal workers, etc.). Also data on expenditure by main purpose of the trip are BOP data. Statistical concept and methodology: Inbound tourism expenditures may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Their share in exports is calculated as a ratio to exports of goods and services (all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services). International tourism expenditures' share in exports is calculated as a ratio to exports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Statistical information on tourism is based mainly on data on arrivals and overnight stays along with balance of payments information. These data do not completely capture the economic phenomenon of tourism or provide the information needed for effective public policies and efficient business operations. Data are needed on the scale and significance of tourism. Information on the role of tourism in national economies is particularly deficient. Although the World Tourism Organization (WTO) reports progress in harmonizing definitions and measurement, differences in national practices still prevent full comparability. The World Tourism Organization is improving its coverage of tourism expenditure data, using balance of payments data from the International Monetary Fund (IMF) supplemented by data from individual countries. These data include travel and passenger transport items as defined in the IMF's Balance of Payments. When the IMF does not report data on passenger transport items, expenditure data for travel items are shown. The aggregates are calculated using the World Bank's weighted aggregation methodology and differ from the World Tourism Organization's aggregates.
Publisher
The World Bank
Origin
Caribbean small states
Records
63
Source
Caribbean small states | International tourism, receipts (% of total exports)
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39.31413604 1995
38.102594 1996
38.85638832 1997
40.0105982 1998
40.00316807 1999
36.53906439 2000
35.88610123 2001
37.01756562 2002
35.05231434 2003
34.13155128 2004
27.50135655 2005
23.66244297 2006
25.02287661 2007
20.12868303 2008
29.28495413 2009
26.55648882 2010
20.24635373 2011
17.36371853 2012
16.8927267 2013
24.34635685 2014
29.92547498 2015
37.05543279 2016
32.94049141 2017
33.35920315 2018
2019
2020
2021
2022
Caribbean small states | International tourism, receipts (% of total exports)
International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Their share in exports is calculated as a ratio to exports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Development relevance: Tourism is officially recognized as a directly measurable activity, enabling more accurate analysis and more effective policy. Whereas previously the sector relied mostly on approximations from related areas of measurement (e.g. Balance of Payments statistics), tourism today possesses a range of instruments to track its productive activities and the activities of the consumers that drive them: visitors (both tourists and excursionists). An increasing number of countries have opened up and invested in tourism development, making tourism a key driver of socio-economic progress through export revenues, the creation of jobs and enterprises, and infrastructure development. As an internationally traded service, inbound tourism has become one of the world's major trade categories. For many developing countries it is one of the main sources of foreign exchange income and a major component of exports, creating much needed employment and development opportunities. This measure reflects the importance of tourism as an internationally traded service relative to other categories of exports. Such a measure reveals the degree of tourism specialization in a country's export structure and the relative capability of tourism in generating foreign revenues. Limitations and exceptions: Tourism can be either domestic or international. The data refers to international tourism, where the traveler's country of residence differs from the visiting country. International tourism consists of inbound (arrival) and outbound (departures) tourism. The data are from the World Tourism Organization (WTO), a United Nations agency. The data on inbound and outbound tourists refer to the number of arrivals and departures, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival. The data on inbound tourism show the arrivals of nonresident tourists (overnight visitors) at national borders. When data on international tourists are unavailable or incomplete, the data show the arrivals of international visitors, which include tourists, same-day visitors, cruise passengers, and crew members. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. Expenditure associated with the activity of international visitors has been traditionally identified with the travel item of the Balance of Payments (BOP): in the case of inbound tourism, those expenditures associated with inbound visitors are registered as "credits" in the BOP and refers to "travel receipts". The 2008 International Recommendations for Tourism Statistics consider that "tourism industries and products" includes transport of passengers. Consequently, a better estimate of tourism-related expenditure by inbound and outbound visitors in an international scenario would be, in terms of the BOP, the value of the travel item plus that of the passenger transport item. Nevertheless, users should be aware that BOP estimates include, in addition to expenditures associated to visitors, those related to other types of travelers (these might be substantial in some countries; for instance, long-term students or patients, border and seasonal workers, etc.). Also data on expenditure by main purpose of the trip are BOP data. Statistical concept and methodology: Inbound tourism expenditures may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Their share in exports is calculated as a ratio to exports of goods and services (all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services). International tourism expenditures' share in exports is calculated as a ratio to exports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Statistical information on tourism is based mainly on data on arrivals and overnight stays along with balance of payments information. These data do not completely capture the economic phenomenon of tourism or provide the information needed for effective public policies and efficient business operations. Data are needed on the scale and significance of tourism. Information on the role of tourism in national economies is particularly deficient. Although the World Tourism Organization (WTO) reports progress in harmonizing definitions and measurement, differences in national practices still prevent full comparability. The World Tourism Organization is improving its coverage of tourism expenditure data, using balance of payments data from the International Monetary Fund (IMF) supplemented by data from individual countries. These data include travel and passenger transport items as defined in the IMF's Balance of Payments. When the IMF does not report data on passenger transport items, expenditure data for travel items are shown. The aggregates are calculated using the World Bank's weighted aggregation methodology and differ from the World Tourism Organization's aggregates.
Publisher
The World Bank
Origin
Caribbean small states
Records
63
Source