Thursday, May 15, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Top 10 African countries with the highest tourism export shares

Simon Osuji by Simon Osuji
November 27, 2024
in Business
0
Top 10 African countries with the highest tourism export shares
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Over the past few decades, tourism has become a major economic engine for many African countries, playing a huge role in driving growth.

While the pandemic hit the industry hard, the good news is that tourism in Africa is bouncing back strong. According to UNWTO data, international arrivals are almost back to pre-pandemic levels, with a 96% recovery rate.

Tourism has turned into a lifeline for many African economies, fueling job creation, infrastructure projects, and boosting regional connections. It’s now one of Africa’s top export industries, contributing massively to GDP and foreign exchange earnings.

The World Travel & Tourism Council (WTTC), working with VFS Global, has even projected that the African travel and tourism sector could add a whopping US$168 billion to the continent’s economy and create over 18 million new jobs.

What makes tourism especially valuable is that it’s an “invisible export.” Money from international visitors, spent on things like hotels, local food, entertainment, and services, stays within the country and helps support the economy. Unlike natural resources like oil and minerals, which can be volatile, tourism offers a steady, year-round source of income.

Countries that have invested in better infrastructure, such as airports, roads, and hotels, are seeing the benefits, with tourism growing stronger each year.

For example, in 2023, countries like The Gambia and Cabo Verde saw tourism accounting for 49% and 48% of their total exports. São Tomé and Príncipe was not far behind at 47%, while Seychelles came in at 38%.

Related posts

White House orders U.S. boycott of G20 summit in South Africa

White House orders U.S. boycott of G20 summit in South Africa

May 14, 2025
Why the rich want specialists

Why the rich want specialists

May 14, 2025

Below are the top 10 African countries with the highest tourism export shares:

Rank Country Tourism share of total exports

1

Gambia

49%

2

Cabo Verde

48%

3

São Tomé and Príncipe

47%

4

Seychelles

38%

5

Tanzania

22%

6

Rwanda

21%

7

Mauritius

19%

8

Uganda

18%

9

Morocco

17%

10

Niger

12%

Source link

Previous Post

Osun Govt Explains Relocation of International Airport Project

Next Post

Trump’s Administration Will Impact AI, Energy, Crypto and More

Next Post
Trump’s Administration Will Impact AI, Energy, Crypto and More

Trump's Administration Will Impact AI, Energy, Crypto and More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Stocks rise on optimism at China support measures: Markets wrap

Stocks rise on optimism at China support measures: Markets wrap

2 years ago
FG declares Wednesday public holiday to mark Eil-ul-Maulid celebration

NIMET decries deterioration of visibility in some northern states

2 years ago
Today’s D Brief: US troops killed in Jordan; Red Sea missile exchanges; Kyiv nabs embezzlers; Firms sour on fixed-price deals; And a bit more.

Today’s D Brief: US troops killed in Jordan; Red Sea missile exchanges; Kyiv nabs embezzlers; Firms sour on fixed-price deals; And a bit more.

1 year ago
The Caribbean Community (CARICOM) Central Banks adopt Pan-African Payment and Settlement System (PAPSS) for intra-regional trade transactions

The Caribbean Community (CARICOM) Central Banks adopt Pan-African Payment and Settlement System (PAPSS) for intra-regional trade transactions

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.