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Impact of Tourism by Country and State

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Impact of Tourism by Country and State

Impact of Tourism by Country and State

Over the last 30 years, the price of airfare has fallen over 50%. It goes to show, since airlines have lost money every other year since 1981. The industry bled $51 billion in the 10 year span between 2001 and 2011 as more competition entered the space.

However, this is a boon for consumers and for the regions getting attention from international tourists. In terms of sheer volume, the travel industry has never been as good. The global share of GDP for the travel industry is now 9.5%. In 2012, it is also worth noting that China overtook every other country in travel spending abroad with a hefty $102 billion of expenditures.

Chinese tourism overtakes the rest of the world.

While it is not the easiest thing to play from an investment perspective, it is a continuing trend that arches above everything else. There are also some interesting Chinese companies to consider such as Ctrip.com (NASDAQ: CTRP) which essentially aggregates hotel and flight deals in China.

Original graphic from: Online Accounting Degrees

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Demographics

Mapped: Population Growth by Region (1900-2050F)

In this visualization, we map the populations of major regions at three different points in time: 1900, 2000, and 2050 (forecasted).

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Map of Population Growth by Region

Mapping Population Growth by Region

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In fewer than 50 years, the world population has doubled in size, jumping from 4 to 8 billion.

In this visualization, we map the populations of major regions at three different points in time: 1900, 2000, and 2050 (forecasted). Figures come from Our World in Data as of March 2023, using the United Nations medium-fertility scenario.

 

 

Population by Continent (1900-2050F)

Asia was the biggest driver of global population growth over the course of the 20th century. In fact, the continent’s population grew by 2.8 billion people from 1900 to 2000, compared to just 680 million from the second on our list, Africa.

Region190020002050F
Asia931,021,4183,735,089,7755,291,555,919
Africa138,752,199818,952,3742,485,135,689
Europe406,610,221727,917,165704,398,730
North America104,231,973486,364,446679,488,449
South America41,330,704349,634,344491,078,697
Oceania5,936,61531,223,13357,834,753
World 🌐1,627,883,1306,149,181,2379,709,492,237

China was the main source of Asia’s population expansion, though its population growth has slowed in recent years. That’s why in 2023, India surpassed China to become the world’s most populous country.

Southeast Asian countries like the Philippines and Indonesia have also been big drivers of Asia’s population boom to this point.

The Future: Africa to Hit 2.5 Billion by 2050

Under the UN’s medium-fertility scenario (all countries converge at a birthrate of 1.85 children per woman by 2050), Africa will solidify its place as the world’s second most populous region.

Three countries—Nigeria, Ethiopia, and Egypt—will account for roughly 30% of that 2.5 billion population figure.

Meanwhile, both North America and South America are expected to see a slowdown in population growth, while Europe is the only region that will shrink by 2050.

A century ago, Europe’s population was close to 30% of the world total. Today, that figure stands at less than 10%.

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