Tourism contributes 5.2 per cent to Philippines' GDP in 2021

The PSA said the Tourism Direct Gross Value Added (TDGVA) amounted to 1 trillion pesos (US$18.66 billion) in 2021, higher by 9.2 per cent compared with the 917.20 billion pesos (US$17.15 billion) in 2020. - Reuters

MANILA, June 16 (Xinhua): The tourism industry contributed 5.2 percent to the Philippine gross domestic product (GDP) in 2021, still way below the pre-pandemic level, the Philippine Statistics Authority (PSA) has announced

The tourism industry's contribution to the GDP was 12.9 percent in 2019. It plunged to 5.1 percent in 2020, its lowest level in at least two decades amid the Covid-19 pandemic.