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Tourism in France directly contributed 79.8 billion euros to gross domestic product (GDP) in 2013, 30% of which comes from international visitors and 70% from domestic tourism spending. The total contribution of travel and tourism represents 9.7% of GDP and supports 2.9 million jobs (10.9% of employment) in the country. [ 1 ]
Economic effects: Increased tax revenue, personal income growth, enhanced The impacts of tourism, and the creation of additional employment opportunities. Sociocultural impacts : Interactions between people with differing cultural backgrounds, attitudes and behaviors, and relationships to material goods.
France's economy entered the recession of the late 2000s later and appeared to leave it earlier than most affected economies, only enduring four-quarters of contraction. [50] However, France experienced stagnant growth between 2012 and 2014, with the economy expanding by 0% in 2012, 0.8% in 2013 and 0.2% in 2014.
Impacts of tourism. Tourism has a significant impact on destinations, influencing their economy, culture, environment, and communities. Tourism positively affects many parties in society but can also be detrimental in certain situations. In general, tourism positively affects the economy of its destination.
Headquarters of TotalEnergies, France's largest company, in Courbevoie, in the La Defense business district. The economy of Paris is based largely on services and commerce: of the 390,480 of its enterprises, 80.6 percent are engaged in commerce, transportation, and diverse services, 6.5 percent in construction, and just 3.8 percent in industry. [1]
Tennessee Gov. Bill Lee and economic development Commissioner Stuart McWhorter receive a tour during an international trade mission to Europe in June 2023.
Cover of the 2008 report. The Travel and Tourism Development Index (TTDI), formerly known as the Travel and Tourism Competitiveness Index (TTCI), is an index developed by the World Economic Forum (WEF) to measure the attractiveness and potential of countries for investment and development in the travel and tourism sector, rather than its attractiveness purely as a tourist destination.
Tourism in Paris is a major income source. Paris received 12.6 million visitors in 2020, measured by hotel stays, a drop of 73 percent from 2019, due to the COVID-19 pandemic . The number of foreign visitors declined by 80.7 percent. [ 1 ]