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Definition
Tourism expenditure refers to the amount paid for the acquisition of consumption goods and services, as well as valuables, for own use or to give away, for and during tourism trips. Inbound tourism expenditure refers to the tourism expenditure of a non-resident visitor within the economy of reference. Expenditure associated with the activity of international visitors has been traditionally identified with the travel item of the Balance of Payments (BOP): in the case of inbound tourism, those expenditures associated with inbound visitors are registered as credits in the BOP and refers to travel receipts. The 2008 International Recommendations for Tourism Statistics consider that tourism industries and products includes transport of passengers. Consequently, a better estimate of tourism-related expenditure by inbound and outbound visitors in an international scenario would be, in terms of the BOP, the value of the travel item plus that of the passenger transport item. Nevertheless, users should be aware that BOP estimates include, in addition to expenditures associated to visitors, those related to other types of travelers (these might be substantial in some countries; for instance, long-term students or patients, border and seasonal workers, etc).

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Related Variables

Outbound tourism (Departures) Inbound tourism (Arrivals) Inbound tourism expenditure, % GDP

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