11 Jun 2019, Gergana Bencheva, EMIS Editor
Tourism contributes 12.7% to Philippines’ GDP in 2018
In 2018, the country’s Tourism Direct Gross Value Added (TDGVA) rose by 14.3% on an annual basis to PHP 2.2 trillion. In the meantime, the count of domestic tourist arrivals rose by 14.1% year-on-year to 110 million.
The Philippines’ tourism secretary Bernadette Romulo-Puyat commented that the data proved that the country’s sector was sustainable and it was an engine for socio-economic growth that provides jobs and income, The Manila Times noted.
Sign in and read the full article in emis.com, and find out more about EMIS. Original source: The Manila Times