The Philippines tourism industry saw its contribution to the country’s Gross Domestic Product in terms of share rise to 8.9% in 2024, up from 8.7% a year earlier, according to latest data from the Philippine Statistics Authority.
Tourism Direct Gross Value Added (TDGVA) at current prices to the Philippine economy reached Php2.35 trillion last year, up 11.2% the Authority said, while employment in tourism industries was estimated at 6.75 million, 6.1% higher than in 2023. The share of employment in tourism industries as to total employment in the country was recorded at 13.8% in 2024, up from 13.2% in 2023 and from 12.5% in 2022.
The Authority added that it reports the expenditure of visitors attributed to the following products: accommodation services, food and beverage serving services, transport services, travel agencies and other reservation services, entertainment and recreation services, country-specific tourism characteristic goods (shopping), and miscellaneous services.
Among these, outbound tourism expenditure posted the highest annual growth of 37.5%, amounting to PhP345.7 billion in 2024, followed by domestic tourism expenditure at 16.4% growth.
The Philippines tourism industry saw its contribution to the country’s Gross Domestic Product in terms of share rise to 8.9% in 2024, up from 8.7% a year earlier, according to latest data from the Philippine Statistics Authority.
Tourism Direct Gross Value Added (TDGVA) at current prices to the Philippine economy reached Php2.35 trillion last year, up 11.2% the Authority said, while employment in tourism industries was estimated at 6.75 million, 6.1% higher than in 2023. The share of employment in tourism industries as to total employment in the country was recorded at 13.8% in 2024, up from 13.2% in 2023 and from 12.5% in 2022.
The Authority added that it reports the expenditure of visitors attributed to the following products: accommodation services, food and beverage serving services, transport services, travel agencies and other reservation services, entertainment and recreation services, country-specific tourism characteristic goods (shopping), and miscellaneous services.
Among these, outbound tourism expenditure posted the highest annual growth of 37.5%, amounting to PhP345.7 billion in 2024, followed by domestic tourism expenditure at 16.4% growth.
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