Tourism Industry In Malaysia 2018

The share of travel tourism spending or employment in the equivalent economy wide concept in the published national. Gvati recorded a value of rm220 6 billion sustained a double digit growth of 10 0 per cent 2017. Value added of malaysia s tourism industry attained 15 2 meanwhile tourism direct contributed 6 5.

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Department Of Statistics Malaysia Official Portal

Though malaysia contribution of travel and tourism to gdp of gdp fluctuated substantially in recent years it tended to decrease through 2000 2019 period ending at 13 3 in 2019.

Tourism industry in malaysia 2018. Tourism contribution and its growth rate to malaysian gdp 1996 2016 figure 1 shows the total contribution of tourism industry to malaysian gdp and its growth rate from 1996 to 2016. Malaysia tourism statistics in brief ministry of tourism culture of malaysia receives and collates tourism related data from multiple sources. Malaysian tourism industry is on the sustainable development of the economy and society mohsen 2015b. Tourism is one of the fastest growing industries in the world and a major source of foreign exchange and employment opportunities for many developing countries such as singapore malaysia etc.

The tourism industry continued its significant contribution to the country s economic growth with a share of 14 9 per cent last year as compared to 10 4 per cent in 2005. Tourism industry is a key foreign exchange earner for malaysia contributing to over 40 of the country s balance of payment in 2005 epu 2006. These have been formulated configured and analysed to provide industry players with concise and useful information such as facts and figures on the performance of malaysian tourism sector. The share of gvati to gdp elevated to 15 2 per cent in 2018 as against 14 6 per cent in 2017.

Malaysia had a rm220 6 billion us 53 3 billion revenue from gross value added tourism industries gvati which was a 15 2 contribution to gdp in comparison to 2017 s 14 6. Kuala lumpur malaysia s tourism industry recorded a better performance in 2018 compared to the previous year. In 2019 gvati grew at a rate of 9 0 per cent 2018. The tourism industry continues to maintain in a good momentum for 2019.

Tourism is important in many countries according to the united nations world tourism organization world tourism barometer said that because of tourism. Tourism industry continued to record a better performance in 2018. Gross value added of tourism industries gvati has recorded a contribution of 15 9 per cent to gross domestic product gdp as compared to 15 2 per cent in 2018 amounted rm240 2 billion 2018. 1 1background of study 1 1 1 tourism industry.

In 2019 contribution of travel and tourism to gdp of gdp for malaysia was 13 3.