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Canadian Tourism Sector Outpaces National Economic Growth


  • person holding maple leaf

    Canadian Tourism Sector Outpaces National Economic Growth – Image Credit Unsplash   

  • Tourism contributed $50.8 billion to Canada’s GDP in 2024.
  • Tourism export revenue increased by 7% year-over-year.

According to Destination Canada, Canada’s tourism sector experienced significant growth in 2024, contributing $50.8 billion to the nation’s GDP. This represents 1.8% of the overall GDP and a 3.6% increase from the previous year, surpassing the national GDP growth rate of 1.7%.

Tourism export revenue increased by 7%, maintaining its position as Canada’s second-largest services export. The sector supports over 265,000 businesses across 5,000 communities nationwide. Additionally, 1 in 10 workers in Canada are employed in tourism-related industries.

In 2024, tourism activities generated $129.7 billion in revenues, equating to $350 million per day. This marks a 3.5% increase from 2023. The Canadian tourism sector is projected to continue its growth trajectory, aligning with Destination Canada’s 2030 strategy.

Infographic

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  • person holding maple leaf

    Canadian Tourism Sector Outpaces National Economic Growth – Image Credit Unsplash   

  • Tourism contributed $50.8 billion to Canada’s GDP in 2024.
  • Tourism export revenue increased by 7% year-over-year.

According to Destination Canada, Canada’s tourism sector experienced significant growth in 2024, contributing $50.8 billion to the nation’s GDP. This represents 1.8% of the overall GDP and a 3.6% increase from the previous year, surpassing the national GDP growth rate of 1.7%.

Tourism export revenue increased by 7%, maintaining its position as Canada’s second-largest services export. The sector supports over 265,000 businesses across 5,000 communities nationwide. Additionally, 1 in 10 workers in Canada are employed in tourism-related industries.

In 2024, tourism activities generated $129.7 billion in revenues, equating to $350 million per day. This marks a 3.5% increase from 2023. The Canadian tourism sector is projected to continue its growth trajectory, aligning with Destination Canada’s 2030 strategy.

Infographic

Source link

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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.

The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making

The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.

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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution

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