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Zimbabwe: 2020 Annual Research: Key Highlights

Travel and tourism made up 6% of Zimbabwe's total GDP in 2019, contributing $1.264 billion, and employed 160,700 people, accounting for 6.2% of total employment. International visitor spending brought in $197 million, or 4.4% of total exports. While global GDP grew 2.5% in 2019, travel and tourism grew significantly faster at 3.5% and accounted for 1 in 10 global jobs.

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Lisani Dube
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92 views1 page

Zimbabwe: 2020 Annual Research: Key Highlights

Travel and tourism made up 6% of Zimbabwe's total GDP in 2019, contributing $1.264 billion, and employed 160,700 people, accounting for 6.2% of total employment. International visitor spending brought in $197 million, or 4.4% of total exports. While global GDP grew 2.5% in 2019, travel and tourism grew significantly faster at 3.5% and accounted for 1 in 10 global jobs.

Uploaded by

Lisani Dube
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ZIMBABWE

2020 ANNUAL RESEARCH: KEY HIGHLIGHTS 1


GLOBAL DATA 2019
While the global economy 1 in 4 net new jobs were Global GDP impact by
grew by 2.5%, created by Travel & Tourism sector (2018 data). Share of
Travel & Tourism grew over the last five years total economy GDP
10.3% significantly more at 3.5% Mining
Automotive
Total GDP contribution
Agriculture
Travel & Tourism
2.5% Retail

330MN
Jobs globally (1 in 10 jobs)
3.5% 0%
Financial Services

5% 10% 15%

ZIMBABWE 2019 KEY DATA

CONTRIBUTION OF
TRAVEL & TOURISM
TO GDP
6.0% OF TOTAL ECONOMY -0.1%
Total T&T GDP = USD1,264.2MN 2019 Travel & Tourism GDP growth
vs -3.7% real economy GDP growth

CONTRIBUTION OF
TRAVEL & TOURISM TO
160.7 JOBS (000's)
(6.2% of total employment)
EMPLOYMENT

INTERNATIONAL
VISITOR IMPACT
USD 197.0 MN
in visitor spend (4.4% of total exports)

INBOUND ARRIVALS OUTBOUND DEPARTURES

1. SOUTH AFRICA 20% 1. SOUTH AFRICA 62%


2. MALAWI 18% 2. BOTSWANA 17%
3. ZAMBIA 14% 3. ZAMBIA 8%
4. NAMIBIA 9% 4. MOZAMBIQUE 4%
5. MOZAMBIQUE 8% 5. MALAWI 3%
REST OF WORLD 31% REST OF WORLD 6%
Note: Data are average shares over the 2016-2018 period
Source: Oxford Economics, national sources and UNWTO

SECTOR CHARACTERISTICS (2019)

LEISURE SPENDING 88% 12%


BUSINESS SPENDING
DOMESTIC SPENDING 80% 20%
INTERNATIONAL SPENDING
1
All values are in constant 2019 prices & exchange rates
As reported in March 2020

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