4.3.3 Tourism (Edexcel A-Level Economics Teaching PowerPoint)

This teaching powerpoint for Edexcel economics covers tourism and economic growth & development.

The tourism industry is significant for several reasons:

• It generates revenue: Tourism is a major source of revenue for many countries, contributing to GDP and creating jobs. In 2019, the global tourism industry generated over $3 trillion in revenue.
• It promotes economic development: Tourism can spur economic growth in areas where other industries are lacking, particularly in developing countries. It can also help diversify economies that are overly dependent on other industries, such as agriculture or resource extraction.
• It promotes cultural exchange: Tourism can foster cultural understanding and appreciation between visitors and locals, leading to mutual respect and economic benefits.
• It supports conservation efforts: Eco-tourism can help protect natural resources and promote conservation efforts.

Here are some countries that are highly dependent on tourism:

• Maldives: Tourism accounts for over 30% of the country's GDP, and the majority of the population works in the tourism sector.
• Seychelles: Tourism accounts for over 25% of the country's GDP and employs more than 30% of the workforce.
• Jamaica: Tourism accounts for over 30% of the country's GDP and provides employment for more than 20% of the population.
• Thailand: Tourism accounts for over 20% of the country's GDP, and it is one of Thailand's largest industries, employing millions of people.
• Greece: Tourism accounts for over 20% of the country's GDP and employs nearly one-fifth of the workforce.