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UAE's tourism output hits $58.2bn in 2019

UAE's tourism output hits $58.2bn in 2019
The output of the UAE's tourism sector recorded $58.2 billion

UAE - Mubasher: The UAE's tourism sector output recorded around $58.2 billion (AED 213.59 billion) in 2019, according to a recent report by the Arab Monetary Fund (AMF).

Across Arab countries, the tourism sector output rose to a total of $313.6 billion last year, up 2.2% from $281.5 billion in 2018.

Saudi Arabia witnessed the highest output with $79.5 billion last year, followed by the UAE and Egypt with $58.2 billion and $48.3 billion, respectively.

In addition, the tourism sector in Saudi Arabia, the UAE, and Egypt represented around 59% or nearly $186 billion of the total output across the Arab countries in 2019.

Tourism accounts for around 30% of the world's exports of service and 45% of service exports in the developing countries, as shown by the statistics of the World Tourism Organisation (WTO).