The tourism sector GDP share in Peru was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to *** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Ecuador and Bolivia.

In 2024, Panama was estimated to be the most tourism-dependent economy in Latin America, with the sector accounting for 15.3 percent of its gross domestic product (GDP). El Salvador followed in the ranking that year, with a share of tourism contribution to GDP above 15 percent too.

The tourism sector GDP share in Bolivia was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to **** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Ecuador and Peru.

Abstract The tourism industry in Peru generates about 1.1 million jobs and contributes 3.3% of GDP, which makes it one of its main economic activities, so tourism is no longer just a commercial activity and transforms into a tool for the development of the Peruvian population especially in regions with high poverty rate and with numerous tourist attractions as it is the case of the Puno region with a poverty rate of 24.2% that is located in the south of the country and that has numerous tourist attractions of natural, historical, cultural, and gastronomic type. The objective of this research is to model and forecast the demand of international tourists visiting Puno using the ARIMA methodology of Box-Jenkins, for this the study considers monthly arrival information of foreign tourists between the years 2003 to 2017. Finally, using the statistics MAPE, Z, r, Akaike Information Criterion (AIC) and Schwarz Criterion (SC) was identified to the SARIMA (6, 1, 24)(1, 0, 1)12 model as the most efficient for modeling and forecasting the demand for international tourism in the Puno region.

The worldwide travel restrictions imposed due to the coronavirus pandemic could cause the Bolivian tourism sector to lose around 890 million U.S. dollars in revenue in 2020. Losses related to domestic travel alone could amount to 530 million U.S. dollars. Meanwhile, inbound tourism was forecasted to face losses for 360 million U.S. dollars. In 2018, the revenue generated by the tourism sector accounted for 2.41 percent of the country's GDP.

Tourism contribution to employment In 2018, Bolivia was among the most tourism-dependent Latin American countries in terms of employment. That year, the ratio between the number of jobs and the number of inbound visitors in the country was one to ten, just the same as in Peru. The travel and tourism sector accounts for more than 110 thousand direct jobs in Bolivia, many of which could be at risk due to the COVID-19 pandemic.

Is Bolivia a competitive tourism market? Over the past years, Bolivia has received a medium qualification in the Travel and Tourism Competitiveness Index (TTCI), as the country still works to improve the standards required by the growing tourism demand. Infrastructure, passenger transportation, cultural resources and business travel are some of the areas presenting the most urgent challenges for the Bolivian tourism sector. But the Andean country excels in price competitiveness as well as in safety and security. For many tourists, these can be of the most important aspects to consider when choosing the next travel destination.

Peru PE: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 25.071 % in 2017. This records an increase from the previous number of 24.469 % for 2016. Peru PE: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 19.793 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 25.214 % in 1990 and a record low of 6.843 % in 1977. Peru PE: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Peru – Table PE.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Latin America Commercial Aircraft Market size was valued at USD 40.3 Billion in 2024 and is projected to reach USD 57.8 Billion by 2032, growing at a CAGR of 4.6% from 2026 to 2032.Key Market DriversFleet Modernization and Replacement Cycles: Aging aircraft fleets in Latin America are driving modernization initiatives, with approximately 37% of commercial aircraft in the region being more than 15 years old—higher than the global average of 29%, according to ECLAC. According to AFAC, airlines in Mexico intend to replace 42% of their fleet by 2030, which amounts to around 180 aircraft. This transition is motivated by the need for increased fuel efficiency, cheaper maintenance costs, improved passenger comfort, and compliance with increasing environmental requirements to ensure competitive and sustainable operations in the region.Economic Growth and Tourism Development: Latin America's developing economies and thriving tourism industries are driving up air travel demand and aircraft acquisitions. The UNWTO forecast a 14.6% increase in international visitor arrivals in 2023, while ECLAC predicts a 3.2% annual GDP growth through 2030, maintaining air travel expansion. In Peru, international air arrivals increased by 28.7% in 2023, prompting local airlines to plan for 34 new aircraft by 2026. This increase propels fleet expansion as airlines strive to fulfill rising passenger demand, improve connectivity, and capitalize on tourism-driven income opportunities.Regional Connectivity and Route Expansion: The growing desire for regional connection is fueling the market for smaller commercial aircraft in Latin America. ALTA forecasts a 22% growth in regional routes between 2019 and 2023, while Colombia's Aerocivil has seen a 31% increase in service to secondary cities since 2021, necessitating the acquisition of 83 regional planes. This expansion is fueled by the desire to provide access to underdeveloped areas, enhance economic integration, and support tourism, prompting airlines to expand fleets with efficient aircraft designed for short-haul operations.

Peru PE: Exports: % of Commercial Service Exports: Services: Travel data was reported at 54.197 % in 2017. This records a decrease from the previous number of 58.966 % for 2016. Peru PE: Exports: % of Commercial Service Exports: Services: Travel data is updated yearly, averaging 57.572 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 73.359 % in 2000 and a record low of 23.672 % in 1992. Peru PE: Exports: % of Commercial Service Exports: Services: Travel data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Peru – Table PE.World Bank.WDI: Exports. Travel services (% of commercial service exports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging and meals and transport (within the economy visited).; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average;