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Emirates expands its operations
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Near zero projected growth in global GDP for 2009

$1.2 trillion in fdi inflows is projected for 2009, a 29% reducation from 2008. Modest 17% growth is projected for 2010, which should accelerate to 29 % growth in 2011 according to Country Brand Index 2009/Executive summery.

 

247 million international tourist arrivals from January through April of 2009. This figure is an 8.2 % decline compared with the same period in 2008.

 

$ 3.0 trillion estimated  expenditures for total world personal travel and tourism in 2009, with business travel accounting for an additional $745 billion, These figures represent annual decline of 6.3% and 11.6%, respectively.

 

• 3.4 % Growth in global GDP was reported, a slowdown from the 4% average growth in global economic output experienced from 2000 to 2007.

 

• 14 % decline in global FDI inflows, from a high of $2.0 trillion in 2007 to $1.7 trillion in 2008, when developing and transition economies increased their share of FDI by 43%, primarily at the expense of developed nations.

 

• $ 5.5 trillion in economic activity is forecast for the Travel & Tourism industry, equivalent to 9.4% of the global GDP, and more than 219,810,000 jobs, or 7.6% of total employment.

 

• 3.3 % decline is estimated for the Travel & Tourism Economy in 2009. After four years of growth averaging 3.6% per annum, GDP growth for the industry slowed to just 1.0% in 2008. A third difficult year is now forecast for 2010, with the Travel & Tourism economy expected to expand by only 0.3%.4

 

• 924 milion international tourist arrivals for 2008. A total 2% growth compared to 2007 resulted from a 5% increase during the first half of the year and a 1% decline in the second half of the year, compared to the same periods in 2007.

 

• 4% Growth in real GDP is projected on an average annual basis for the global Travel & Tourism Economy over the next 10 years. Following an expected 3.5% decline in 2009, the industry expansion will add 56 million new Travel

& Tourism jobs worldwide during the next decade.