Mexico is a country that has a diverse economy with various sectors contributing to the growth of the nation. Tourism is one such sector that has become an integral part of the Mexican economy.
The question that arises is what percentage of the Mexican economy is tourism? Let’s find out.
Understanding Mexico’s tourism industry
Mexico is known for its beautiful beaches, rich culture, and ancient history. These attributes attract millions of tourists every year. According to the World Tourism Organization (UNWTO), Mexico was ranked as the seventh most visited country in the world in 2019, with almost 45 million international tourists visiting the country.
The contribution of tourism to Mexico’s economy
Tourism has been a significant contributor to Mexico’s economy for several decades. The sector generates revenue from various sources, including accommodation, food and beverage services, transportation, and entertainment. In 2019, tourism accounted for around 8.7% of Mexico’s GDP, which was approximately USD 23 billion.
The impact of COVID-19 on Mexico’s tourism industry
The COVID-19 pandemic has severely impacted Mexico’s tourism industry, with travel restrictions and lockdowns causing a significant decline in international arrivals. According to a report by the Ministry of Tourism (SECTUR), international arrivals decreased by over 46% in 2020 compared to the previous year.
The future of Mexico’s tourism industry
Despite the challenges posed by COVID-19, there is still hope for Mexico’s tourism industry. The government has implemented measures to support businesses in the sector and promote domestic travel to compensate for lost international arrivals. In addition, several initiatives are being taken to promote sustainable tourism practices and preserve cultural heritage sites.
Conclusion
Tourism plays a vital role in Mexico’s economy, contributing significantly to its GDP and providing employment opportunities for millions of people. The COVID-19 pandemic has undoubtedly impacted the industry, but with the right measures and initiatives, Mexico’s tourism industry can bounce back and continue to thrive in the future.
- Key takeaways:
- Tourism accounts for around 8.7% of Mexico’s GDP.
- Mexico was ranked as the seventh most visited country in the world in 2019.
- The COVID-19 pandemic has severely impacted Mexico’s tourism industry.
- The government is implementing measures to support businesses in the sector and promote sustainable tourism practices.
Sources:
- World Tourism Organization (UNWTO)
- Ministry of Tourism (SECTUR)