tourism statistics philippines

International tourism, number of arrivals - Philippines

tourism statistics philippines

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REPUBLIC OF THE PHILIPPINES

Department of tourism.

PST:   8:36:19

Tourism Statistics

Industry performance for travel and tourism, visitor receipts.

Receipts for the month of December aggregated to about Php 33,406.72 million, 72.39% higher than the earnings in December last year of about Php 19,378.31 million.

The Average Daily Expenditure (ADE) for the month in review is Php 8,423.98. The Average Length of Stay (ALoS) of tourists in the country is recorded at 7.11 nights. On the other hand, Average per Capita Expenditure of visitors for the month is pegged at Php 59,894.48.

Korea is the top spending market with receipts amounting to about Php 12.14 billion. Visitors from USA registered an accumulated spending of about Php 4.30 billion. China placed third with almost Php 3.30 billion spent followed by Japan with estimated Php 2.15 billion spending and Canada with Php 1.64 billion.

High spending markets Malaysia, Germany, and Hongkong recorded more than Php 300 million of tourism expenditure in the country.

Among the top twenty markets, Korea registered per capita spending of Php 80,869.44. Taiwan followed with Php 68,666.85 per capita spending. Top markets with high per capita spending include Canada with Php 65,349.67, New Zealand with Php 61,964.32 and Russia with Php 55,477.01

The country welcomed 613,372 tourists for the month of December, showing growth of 6.37% from the 576,638 arrivals in the same month last year. This month recorded more than 600,000 arrivals and could be attributed to influx of visitors during the holidays.

By sub-regional grouping, East Asia supplied the majority of arrivals with a share of 49.16% corresponding to 301,515 visitors. This volume increased by 16.74% compared to December last year. Korea, Japan and China which belong to this region accounted for 45.13% of the total volume.

North America provided the second biggest influx of tourists with 124,546 arrivals, constituting 20.31% of the total tourist traffic. The ASEAN region comprised 6.60% share of the total equivalent to 40,501 arrivals.

Countries from Asia covered 57.40% of total tourist traffic corresponding to 352,098 visitors. Arrivals from the Americas contributed 20.57% to total inbound volume or 126,147 visitors. On the other hand, 73,025 arrivals (11.91%) came from Europe while some 39,715 arrivals (6.47%) were from Australasia/Pacific.

Arrivals by Port of Entry

Air arrivals comprised 97.09% of the total inbound visitors, equivalent to 595,527 visitors.A total of 389,293 tourists (63.47%) arrived at Ninoy Aquino International Airport, the primary port of entry of the country.

For the major airports in Central Philippines, 118,731 visitors (19.36%) entered through Mactan-Cebu International Airport while 46,653 (7.61%) were received at Kalibo International Airport. Clark International Airport recorded 32,077 of the visitors. Some 5,626 visitors entered through Tagbilaran Airport while the rest of the airports accumulated 3,147 arrivals.

More cruise ships arrived for the month of December, bringing a total of 14,272 tourists in various ports in the country.

Visitor Markets, December 2017

Korea, as the country’s top source market, produced 150,097 arrivals for the month in review. USA snagged the second spot from China for the month of December with 97,840 arrivals. Meanwhile, arrivals from China surged up by 72.78% to 78,333 arrival count from 45,336 in December last year. On the fourth spot is Japan with 48,371 arrivals.

Completing the top 10 markets are Australia with 31,721 arrivals, Canada with 25,071 arrivals, United Kingdom with 19,327 arrivals, Taiwan with 14,911 arrivals, Singapore with 14,846 arrivals, and Malaysia with 11,559 arrivals.

Visitor count from Hongkong reached 9,047, followed by Germany with 8,833 arrivals, and India with 8,190 arrivals. The top 20 markets this month includes the following: France with 6,071 arrivals, Indonesia with 5,414 arrivals, Sweden with 4,314 arrivals, Russia with 4,088 arrivals, New Zealand with 3,907 arrivals, Spain with 3,858 arrivals and Italy with 3,729 arrivals.

For 2017, earnings generated from tourism activities accumulated to Php 335,626.13 million (US$ 6.65 billion). Receipts rose by 45.84% from the estimated expenditure of Php 230,134.44 million (US$ 4.85 billion) in 2016. The month of July recorded the biggest receipts amounting to Php 33,406.72 million, while the month of September registered the highest growth of 117.23%

Visitor Arrivals

Arrivals to the Philippines reached a new milestone of surpassing six million arrivals with 6,620,908 visitor count. This volume registered an increase of 10.96% from the 5,967,005 count for the same period last year.

Consistent positive growth is observed throughout the year. The month of January recorded the biggest volume (631,639 arrivals) while the highest growth was registered in the month of April (+19.83%).

Countries from Asia has delivered a total of 4,135,324 arrivals, posting a market share of 62.46%. Huge segment came from East Asia with 3,517,471 arrivals (53.13%) while the remaining portions came from the ASEAN with 488,346 arrivals (7.38%) and South Asia with 129,507 arrivals.

The Americas accumulated a total of 1,176,480 arrivals, a slice of 17.77% from the total visitor traffic. On the other hand, arrivals from Europe reached a total of 675,399 (10.20%) while some 333,179 arrivals (5.03%) were from Australasia/Pacific.

Visitor Markets

As the country's top source of arrivals, Korea is the first market to surpass the 1.6 million arrivals. This market constituted almost one-fourth of country's arrivals as it accumulated a year-end volume of 1,607,821, a market share of 24.28% and registering a growth of 9.00% compared to its arrivals of 1,475,081 last year.

This year, China officially dislodged USA as the country's 2nd top market corresponding to 14.63% share to total inbound traffic. This market finished with 968,447 arrivals with an impressive growth of 43.33% from its 675,663 visitor count in 2016.

Although China took the second spot, the United States of America trailed very closely with 957,813 arrivals which is 14.47% share of the total. This figure showed an increase of 10.16% from 869,463 arrivals last year. Japan finished 4th with 584,180 arrivals, comprising 8.82% of the total inbound traffic and posting a growth of 9.14%.

The Australian market secured the fifth spot with 259,433 arrivals, providing 3.92% share to the total. Taiwan followed closely by bringing a total of 236,777 visitors, a share of 3.58%. Completing the top ten visitor markets are Canada with 200,640 arrivals, United Kingdom with 182,708 arrivals, Singapore with 168,637 arrivals, and Malaysia with 143,566 arrivals.

Hongkong and India claimed the 11th and 12th spot, with 111,135 arrivals and 107,278 arrivals, respectively. The top 20 source markets include Germany with 85,431 arrivals, France with 64,777 arrivals, Indonesia with 62,923 arrivals, Saudi Arabia with 54,716 arrivals, Thailand with 48,727 arrivals, Viet Nam with 39,951 arrivals, Spain with 36,954 arrivals and Guam with 36,637 arrivals.

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Tourism in the Philippines

Development of the tourism sector in the philippines from 1995 to 2021.

Tourists per year in the Philippines

Revenues from tourism

Tourism receipts in the Philippines per year

All data for the Philippines in detail

Comparison: quality of life

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Philippines Tourism Statistics

Philippines ph: international tourism: expenditures, view philippines's philippines ph: international tourism: expenditures from 1995 to 2016 in the chart:.

Philippines Philippines PH: International Tourism: Expenditures

Philippines PH: International Tourism: Expenditures: % of Total Imports

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Philippines Philippines PH: International Tourism: Expenditures: % of Total Imports

Philippines PH: International Tourism: Expenditures: for Passenger Transport Items

View philippines's philippines ph: international tourism: expenditures: for passenger transport items from 1995 to 2016 in the chart:.

Philippines Philippines PH: International Tourism: Expenditures: for Passenger Transport Items

Philippines PH: International Tourism: Expenditures: for Travel Items

View philippines's philippines ph: international tourism: expenditures: for travel items from 1995 to 2016 in the chart:.

Philippines Philippines PH: International Tourism: Expenditures: for Travel Items

Philippines PH: International Tourism: Number of Arrivals

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Philippines Philippines PH: International Tourism: Number of Arrivals

Philippines PH: International Tourism: Number of Departures

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Philippines Philippines PH: International Tourism: Number of Departures

Philippines PH: International Tourism: Receipts

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Philippines Philippines PH: International Tourism: Receipts

Philippines PH: International Tourism: Receipts: % of Total Exports

View philippines's philippines ph: international tourism: receipts: % of total exports from 1995 to 2016 in the chart:.

Philippines Philippines PH: International Tourism: Receipts: % of Total Exports

Philippines PH: International Tourism: Receipts: for Passenger Transport Items

View philippines's philippines ph: international tourism: receipts: for passenger transport items from 1995 to 2016 in the chart:.

Philippines Philippines PH: International Tourism: Receipts: for Passenger Transport Items

Philippines PH: International Tourism: Receipts: for Travel Items

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Philippines Philippines PH: International Tourism: Receipts: for Travel Items

Explore our Data

Philippine Tourism and Statistics:

Your source for learning about the philippines.

Philippine Tourism and Statistics is a site for travel information, and for learning about the archipelago, its people, and places.

As of 03/27/2024: The Conversion Rate for 1 US Dollar = 56.24 Philippine P eso

Happy Holy Week!!!

On this site we will discover the places to see and their statistical information.

There are Three Main Island Groups in the Country:

The Luzon Island Group , the Visayas Island Group , and the Mindanao Island Group .

We shall break down the island groups and discuss their islands, regions, provinces, cities, municipalities, and barangays (villages or neighborhoods).

tourism statistics philippines

Map of the Philippine Islands:

Reymund is a schoolteacher in the Philippines.

Philippines as a Whole:

The archipelago of the Philippines has 16 regions, and the National Capitol Region (NCR). It is comprised of about 7,641 islands, 82 provinces, 20 independent cities, 125 component cities, 1,490 municipalities, and 42,060 barangays (of which 4,481 are island barangays). It has a land area of 263,868 sq. km. or 99,703 sq mi., and as of 2020 the population was 109,046,348.

tourism statistics philippines

Luzon Island Group

The Island Group of Luzon is the northernmost section of the archipelago. Luzon, its main island is the largest and most populated island in the Philippines There are also a lot of other islands.

The group has 7 regions and the National Capitol Region (NCR), 38 provinces, 6 independent cities, 66 component cities, 699 municipalities, and 20,533 barangays (of which 2,100 are island barangays).

It has a land area of 130,789.51 sq. km. or 50,048.33 sq mi., and as of 2020 the population was 62,210,04.

tourism statistics philippines

Visayas Island Group

The Island Group of Visayas is in the central section of the archipelago. It is made up of multiple islands.

The group has 3 regions, 16 provinces, 6 independent cities, 34 component cities, 369 municipalities, and 11,444 barangays (of which 1,059 are island barangays).

It has a land area of 39,137.07 sq. km. or 14,162.29 sq mi., and as of 2020 the population was 20,583,861.

tourism statistics philippines

Mindanao Island Group

The Island Group of Mindanao is the southernmost section of the archipelago. Mindanao, its main island is the largest island of the southern islands; to the southwest is the Sulu Archipelago.

The group has 6 regions, 29 provinces, 8 independent cities, 25 component cities, 422 municipalities, and 10,083 barangays (of which 1,322 are island barangays).

It has a land area of 120,485 sq. km. or 46,519 sq mi., and as of 2020 the population was 26,518,159.

Who are the Filipinos?: Ethnic groups of the Philippines.

  • Zamboanga Sibugay, Rubber Capital of The Philippines by Walt March 30, 2024 Zamboanga Sibugay is one of three provinces of Region IX: Zamboanga Peninsula on the island of Mindanao in the Philippines and situated on its southern… Read more : Zamboanga Sibugay, Rubber Capital of The Philippines
  • Zamboanga del Sur by Walt March 30, 2024 Zamboanga del Sur is one of three provinces of Region IX: Zamboanga Peninsula on the island of Mindanao in the Philippines and situated on… Read more : Zamboanga del Sur
  • Zamboanga del Norte by Walt March 30, 2024 Zamboanga del Norte is one of three provinces of Region IX: Zamboanga Peninsula on the island of Mindanao in the Philippines and situated on… Read more : Zamboanga del Norte
  • Western Samar by Walt March 26, 2024 Discover the Hidden Gems of Western Samar, Philippines Western Samar (officially known as just Samar) is a province on the island of Samar. Its… Read more : Western Samar
  • Southern Leyte by Walt March 26, 2024 Discovering Southern Leyte: A Hidden Gem in the Philippine Archipelago Southern Leyte, a province situated on the island of Leyte in the Eastern Visayas… Read more : Southern Leyte

Luzon Island Group Pages:

Northern Island Group:

  • Regions 1-5, 14, and the NCR
  • Visit the Underground River on Palawan Island: A natural wonder.
  • Visit Corregidor Island,

Visayas Island Group Pages:

Central Island Group:

  • Regions 6, 7, and 8
  • Visit Tarsiers, and the Chocolate Hills on Bohol Island .
  • Visit Cebu City the oldest Spanish colonized city on Cebu Island.

Mindanao Island Group Pages:

Southern Island Group:

  • Regions 9-12, and 15
  • Visit Davao City in the Davao Region.
  • Visit Cagayan de Oro in Northern Mindanao.

We would like to acknowledge the following sites for their information:

Wikipedia, PhilAtlas, The Philippine Statistic Authority, and the websites of multiple provinces, cities and municipalities in the Philippines.

Salamat for your data.

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tourism statistics philippines

Philippines’ biggest hotel developer bets big in tourism

M egaworld continues to pour in more investments to help boost philippine tourism as it eyes to have about 20 operating hotel properties in its portfolio by 2029.

M ANILA, Philippines — Behind every successful tourism story in the Philippines is an inspiring narrative of how the world has come to love our brand of hospitality. Take the impressive rise of property giant Megaworld as the country’s biggest hotel developer as an example.

Since it was founded 35 years ago, Megaworld has successfully grown and expanded its hotel portfolio under Megaworld Hotels & Resorts. To date, the company now has more than 6,000 hotel room keys from 12 operating hotel properties in key tourism destinations across the archipelago.

“We take great pride in Megaworld being the biggest player in the Philippine tourism sector. Within its portfolio is the largest array of hotel properties that cater to all types of tourists and visitors. With the surge in domestic and international tourism activities, all our hotels have been experiencing high occupancy rates and much-improved average daily room rates, and these are things that continue to encourage us to invest bigger in Philippine tourism,” says Kevin Andrew Tan, CEO of Alliance Global Group Inc. (AGI), the parent company of Megaworld.

Perhaps the most notable addition to Megaworld’s growing portfolio is the 1,530-room Grand Westside Hotel within the company’s 31-hectare Westside City township in Parañaque City. Once it opens this coming June, Grand Westside Hotel will bear the distinction as the Philippines’ biggest hotel development to date.

It is just a short drive away from the Ninoy Aquino International Airport (NAIA) via the NAIA Expressway (NAIAX) and is poised to delight guests with wonderful views of the world-famous Manila Bay sunset, as well as the skylines of Makati, Manila and Taguig City.

“We are truly excited to welcome tourists and visitors to our hotel properties across the country, be it in any of our hotels in Metro Manila, in Batangas or Boracay. Last year, we had the opportunity to serve more than 1.7 million guests in our properties. We were also able to generate nearly 3,000 jobs across our developments, and we are looking to create about 1,000 more from the next three hotels that we will be opening soon. All of these allow us to make a significant impact in terms of maximizing the multiplier effect of tourism on the economy,” shares Cleofe Albiso, managing director of Megaworld Hotels & Resorts.

By 2029, Megaworld will further grow its hospitality portfolio with the addition of six new hotel properties. These developments, which are located in Pasig City, Pampanga, Boracay, Bacolod, Iloilo and Palawan and will bring the total number of the company’s hotel developments to 20 by then, are aimed at further solidifying the company’s market dominance in the fast-growing tourism sector.

The 19-story, two-tower Grand Westside Hotel is the latest hotel development set to be opened soon by Megaworld, the only Philippine real estate development company to earn a Hall of Fame distinction as Best Developer after winning the Outstanding Developer Award at the Property and Real Estate Excellence Award by FIABCI Philippines for three straight years (2015, 2016 and 2017). The company was also named the Best Developer at the prestigious Philippines Property Awards by PropertyGuru for three consecutive years (2016, 2017 and 2018). — RAY IGNACIO

Editor's Note: This press release is paid for by Megaworld. 

Philippines’ biggest hotel developer bets big in tourism

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Share of direct gross value added of the tourism industry to the GDP of the Philippines from 2012 to 2022

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Philippines

2012 to 2022

Tourism direct gross value added (TDGVA) is the part of gross value added generated by tourism industries and other industries of the economy that directly serve visitors in response to internal tourism consumption

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Statistics on " Tourism industry in the Philippines "

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Sri Lanka's Economy Shows Signs of Stabilization, but Poverty to Remain Elevated

COLOMBO, April 2, 2024 —Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank's latest bi-annual update.

Released today, the Sri Lanka Development Update, Bridge to Recovery , highlights that Sri Lanka saw declining inflation, higher revenues on the back of the implementation of new fiscal policies, and a current account surplus for the first time in nearly five decades, buoyed by increased remittances and a rebound in tourism.

However, poverty rates continued to rise for the fourth year in a row, with an estimated 25.9% of Sri Lankans living below the poverty line in 2023. Labor force participation has also seen a decline, particularly among women and in urban areas, exacerbated by the closure of micro, small, and medium-sized enterprises (MSMEs). Households are grappling with multiple pressures from high prices, income losses, and under employment. This has led to households taking on debt to meet food requirements and maintain spending on health and education.

“Sri Lanka’s economy is on the road to recovery, but sustained efforts to mitigate the impact of the economic crisis on the poor and vulnerable are critical, alongside a continuation of the path of robust and credible structural reforms,” emphasized Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal and Sri Lanka . “This involves a two-pronged strategy: first, to maintain reforms that contribute to macroeconomic stability and second, to accelerate reforms to stimulate private investment and capital inflows, which are crucial for economic growth and poverty reduction.”

Looking forward, the report projects a modest pickup in growth of 2.5% in 2025, with a gradual increase in inflation and a small current account surplus. However, high debt service obligations are expected to exert pressure on fiscal balances. Poverty rates are anticipated to remain above 22% until 2026. Risks to the outlook remain, particularly related to inadequate debt restructuring, reversal of reforms, financial sector vulnerabilities, and the enduring impact of the crisis. The report emphasizes that strong reform implementation will be fundamental to fostering a resilient economy through continued macro-fiscal-financial stability, greater private sector investment, and addressing risks associated with state-owned enterprises.

The Sri Lanka Development Update  is a companion piece to the  South Asia Development Update , a twice-a-year World Bank report that examines economic developments and prospects in the South Asia region and analyzes policy challenges faced by countries. The April 2024 edition, Jobs for Resilience, projects South Asia to remain the fastest-growing region in the world, with growth projected to be 6.0% in 2024- driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But this strong outlook is deceptive, says the report. For most countries, growth is still below pre-pandemic levels and is reliant on public spending. At the same time, private investment growth has slowed sharply in all South Asian countries and the region is not creating enough jobs to keep pace with its rapidly increasing working-age population. The report recommends a range of policies to spur firm growth and boost employment as well as help lift growth and productivity and free up space for public investments in climate adaptation.

Source: World Bank, Poverty & Equity and Macroeconomics, Trade & Investment Global Practices. Emissions data sourced from CAIT and OECD.

Notes: e = estimate, f = forecast.

(a)    Components of GDP by expenditure for 2020-2022 are estimates, as the data published on March 15, 2024, by authorities only included GDP by production.

(b)    Calculations based on SAR-POV harmonization, using 2019-HIES. Actual data: 2019. Microsimulation that models sectoral GDP growth rates, inflation, remittances, employment, and cash transfers 2020-2022. Nowcast and forecast (2023-2026) use nominal GDP growth rates by sector and CPI inflation.

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IMAGES

  1. INFOGRAPHIC: Top foreign visitors to the Philippines

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  2. Philippines Tourist Arrivals

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  3. Economy Growth Report: Philippines Ready to Boost Tourism in 2022

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  4. Top 6 Best Places to Visit in the Philippines (Infographic)

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  5. Toursim in the Philippines and 20 Reasons to Visit

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  6. Philippine tourism’s share to economy inches up in 2021

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COMMENTS

  1. Department of Tourism-Philippines

    REPUBLIC OF THE PHILIPPINES DEPARTMENT OF TOURISM Kagawaran ng Turismo PST: 8:36:19. Tourism Demand Statistics . Philippine Tourism Satellite Account. 2000 - 2022; Visitor Arrivals to the Philippines . 2024; 2023; 2022; 2021; 2020; 2019; 2018; 2017 ... Outbound Statistics. January 2024;

  2. Tourism industry in the Philippines

    Overview; Editor's Picks; Statistics; Home to white-sand beaches and hospitable people, the Philippines is a popular tourist destination. In earlier years, tourism contributed about 12 percent ...

  3. Philippines Tourism Statistics 1995-2024

    Philippines tourism statistics for 2018 was 9,715,000,000.00, a 16.36% increase from 2017. Philippines tourism statistics for 2017 was 8,349,000,000.00, a 32.76% increase from 2016. Download Historical Data Save as Image. Data Source: World Bank MLA Citation: Similar Country Ranking; Country Name

  4. International tourism, number of arrivals

    International tourism, number of arrivals - Philippines World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. License : CC BY-4.0

  5. PDF 2019 Philippine Tourism Statistics

    2019 Philippine Tourism Statistics Statistics, Economic Analysis and Information Management Division. 8,260,913 ... Things liked most about the Philippines PROFILE OF VISITORS, 2019 Warm hospitality (46.35%) Beautiful sceneries (30.04%) Good food ... Statistics, Economic Analysis and Information Management Division [email protected].

  6. Department of Tourism-Philippines

    Tourism Statistics INDUSTRY PERFORMANCE FOR TRAVEL AND TOURISM Visitor Receipts ... For the major airports in Central Philippines, 118,731 visitors (19.36%) entered through Mactan-Cebu International Airport while 46,653 (7.61%) were received at Kalibo International Airport. Clark International Airport recorded 32,077 of the visitors.

  7. Development and importance of tourism for the Philippines

    Tourism in the Philippines the Philippines recorded a total of 164,000.00 tourists in 2021, ranking 105th in the world in absolute terms. The fact that larger countries regularly perform better in a comparison of the absolute number of guests is obvious. By putting the tourist numbers in relation to the population of the Philippines, the result ...

  8. Tourism in the Philippines

    Tourism in the Philippines. Palawan, which includes Coron, is a UNESCO Biosphere Reserve. Tourism is an important sector for the Philippine economy. The travel and tourism industry contributed 6.2% to the country's GDP in 2022; [1] this was lower than the 12.7% recorded in 2019 prior to the COVID-19 lockdowns. [2]

  9. Travel & Tourism

    The Travel & Tourism market in in the Philippines is projected to grow by 5.49% (2024-2028) resulting in a market volume of US$5,525.00m in 2028. ... Social media - Statistics & Facts

  10. Philippines: number of domestic tourism trips 2021

    Published by Statista Research Department , Nov 15, 2023. According to data from the World Tourism Organization (UNWTO), the total number of domestic tourism trips in the Philippines amounted to ...

  11. Philippines

    The data reached an all-time high of 6.415 USD bn in 2015 and a record low of 1.141 USD bn in 1995. PH: International Tourism: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database's Philippines - Table PH.World Bank.WDI: Tourism Statistics.

  12. Home Page:

    Philippine Tourism and Statistics is a site for travel information, and for learning about the archipelago, its people, and places. As of 03/19/2024: The Conversion Rate for 1 US Dollar = 55.88 Philippine P eso. On this site we will discover the places to see and their statistical information.

  13. IT-BPM, tourism boost PH exports to $104 B in 2023

    The country was able to garner over five million foreign visitors, noting the efforts of the Department of Tourism (DOT) in implementing the National Tourism Development Plan (NTDP) 2023 to 2028. Overall, services exports grew by 17.4 percent to $48.3 million last year from $41.1 million in 2022, increasing its share of the gross domestic ...

  14. Philippines' biggest hotel developer bets big in tourism

    Megaworld continues to pour in more investments to help boost Philippine tourism as it eyes to have about 20 operating hotel properties in its portfolio by 2029 MANILA, Philippines — Behind ...

  15. Philippines: foreign tourist arrivals 2023

    International tourist arrivals Philippines 2012-2023. In 2023, about 5.45 million international tourists arrived in the Philippine, reflecting a significant increase from the previous year's total ...

  16. Philippines: tourism share to GDP 2022

    Share of tourism GDP Philippines 2012-2022. The tourism industry contributed 6.2 percent to the gross domestic product (GDP) in the Philippines in 2022. This indicated an increase from just over ...

  17. Sri Lanka's Economy Shows Signs of Stabilization, but Poverty to Remain

    COLOMBO, April 2, 2024 —Sri Lanka's economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank's latest bi-annual update.