International tourism, expenditures (% of total imports)

International tourism expenditures reflect the financial outflows associated with residents traveling abroad, encompassing a diverse array of expenses incurred by these visitors in foreign destinations, such as accommodation, dining, and entertainment, as well as payments for international transport services. These expenditures help to gauge the impact of outbound tourism on the overall economy, especially when assessed as a proportion of total imports—a broader category that includes the purchase of goods and services exchanged between domestic residents and nonresidents. By analyzing this ratio, policymakers can gain insights into consumer behavior, assess the competitiveness of domestic markets, and understand the economic contributions of tourism while highlighting potential dependency on foreign economies through leisure spending. Source: