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New Zealand’s travel sector grew by 3.2 percent in 2017, faster than the economy as a whole which grew at 2.9 percent New Zealand’s travel sector grew by 3.2 percent in 2017, faster than the economy as a whole which grew at 2.9 percent

Travel and Tourism Boosts New Zealand’s GDP

Travel and tourism generated 18 percent of New Zealand’s Gross Domestic Product (GDP) in 2017 according to research published by World Travel & Tourism Council (WTTC).

More specifically, the total contribution of travel and tourism accounted for 17.9 percent or NZD47.5 billion (USD31.84 billion) of New Zealand’s GDP.

Also, according to WTTC, this figure is set to rise by 2.9 percent per annum and forecast to account for 20 percent of New Zealand GDP over the next decade.

Other highlights of the WTTC report show travel and tourism supported 212,000 jobs in 2017 (8.8 percent of total employment).

By 2028, over 275,000 of jobs in New Zealand (10.9 percent of total employment) are forecast to be dependent on travel and tourism.