bulgaria2013 new

7/30/2019 Bulgaria2013 New

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Bulgaria

2013ANNUALRES

E


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2013

forecast


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GDP:DIRECTCONTRIBUTION

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5/56

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EMPLOYMENT: DIRECT


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CONTRIBUTION

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EMPLOYMENT: TOTAL

CONTRIBUTION


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In2012,thetotalcontri

butionofTravel

&Tourismtoempl

oyment,including

jobsindi


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rectlysupportedbythei

ndustry,was12.5

%oftotalemploy

ment(366,500job

s).Thisi


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sexpectedtor

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VISITOREXPORTSV

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INVESTMENT

T

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%

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20/56

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WORLDRANKING(OUT OF184COUNTRIES):

Relative importance of Travel & Tourism's total contribution to GDP

66 57 126172

ABSOLUTERELATIVE SIZE GROWTH

LONG-TERM

GROWTH

Size in 2012 Contribution to GDP in 2012 2013 forecast Forecast 2013-2023


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Total Contribution

of

Breakdown ofTravel & Tourism'sTotal

Travel & Tourism

to GDP

Contribution toGDP andEmployment 2012

2012 BGNmn

GDP (2012 BGNmn)

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

2003

2004

2005

2006

DirectIndire


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Em

('

WTTC Travel & Tourism

Economic Impact 2013

1


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Defining the economic

contribution of Travel & Tourism

Travel & Tourism is an important economic activity in most countries around the world. As well as its direct economic

impact, the industry has significant indirect and induced impacts. The UN Statistics Division-approved Tourism Satellite

Accounting methodology (TSA:RMF 2008) quantifies only the direct contribution of Travel & Tourism. But WTTC

recognises that Travel & Tourism's total contribution is much greater, and aims to capture its indirect and induced

impacts through its annual research.

DIRECT CONTRIBUTION

The direct contribution of Travel & Tourism to GDP reflects the internal spending on Travel & Tourism (total spending

within a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) aswell as government 'individual' spending - spending by government on Travel & Tourism services directly linked to

visitors, such as cultural (eg museums) or recreational (eg national parks).

The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in

National Accounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure

and recreation services that deal directly with tourists.The direct contribution of Travel & Tourism to GDP is calculated

from total internal spending by netting out the purchases made by the different tourism sectors. This measure is

consistent with the definition of Tourism GDP, specified in the 2008 Tourism Satellite Account: Recommended

Methodological Framework (TSA: RMF 2008).

TOTAL CONTRIBUTION

The total contribution of Travel & Tourism includes its wider impacts (ie the indirect and induced impacts) on the economy.

The indirect contribution includes the GDP and jobs supported by:

Travel & Tourism investment spending an important aspect of both current and future activity that includes

investment activity such as the purchase of new aircraft and construction of new hotels;

Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on

behalf of the community at large eg tourism marketing and promotion, aviation,

administration, security services, resort area security services, resort area sanitation services, etc;


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Domestic purchases of goods and services by the sectors dealing directly with tourists - including, for example,

purchases of food and cleaning services by hotels, of fuel and catering services by airlines, and IT services by

travel agents.

The induced contribution measures the GDP and jobs supported by the spending of those who are directly or indirectly

employed by the Travel & Tourism industry.

PLEASE NOTE THAT DUE TO CHANGES IN METHODOLOGY BETWEEN 2010 AND 2011, IT IS NOT POSSIBLE TO COMPARE FIGURES

PUBLISHED BY WTTC FROM 2011 ONWARDS WITH THE SERIES PUBLISHED IN PREVIOUS YEARS.

2

WTTC Travel & Tourism Economic Impact2013


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Travel & Tourism's

contribution to GDP1

The direct contribution of Travel & Tourism to GDP in 2012 was BGN2,975.5mn (3.8% of GDP). This is forecast to

rise by 3.8% to BGN3,088.4mn in 2013.This primarily reflects the economic activity generated by industriessuch as hotels, travel agents, airlines and other passenger transportation services (excluding commuter

services). But it also includes, for example, the activities of the restaurant and leisure industries directly

supported by tourists.

The direct contribution of Travel & Tourism to GDP is expected to grow by 1.9% pa to BGN3,742.1mn (3.0% of

GDP) by 2023.

BULGARIA: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO GDP

Constant 2012 BGNmn

6,000

5,000

4,000

3,000

2,000

1,000

020232003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

% of whole economy GDP


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9.0

8.0

7.0

6.0

5.0

4.0

3.0

2.0

1.0

0.0

2023

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supply chain and inducedincome impacts, see page 2) was BGN10,586.1mn in 2012 (13.6% of GDP) and is expected to grow by 1.9% to

BGN10,787.1mn (13.6% of GDP) in 2013.

It is forecast to rise by 1.9% pa to BGN13,072.2mn by 2023 (10.6% of GDP).

BULGARIA: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO GDP

Constant 2012 BGNmn

14,000

12,000

10,00

0

8,000

6,000

4,000

2,000

0

2012 2013

2023

Direct Indirect Induced

1All values are in constant 2012 prices & exchange rates



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1

6.

0

1

4.

0

1

2.

0

1

0.

0

8.0

6.0

4.0

2.0

0.0


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2012 2013 2023


WTTC Travel & Tourism Economic Impact 2013 3


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Travel & Tourism's

contribution to employment

Travel & Tourism generated 103,000 jobs directly in 2012 (3.5% of total employment) and this is forecast to grow

by 3.3% in 2013 to 106,500 (3.6% of total employment).

This includes employment by hotels, travel agents, airlines and other passenger transportation services

(excluding commuter services). It also includes, for example, the activities of the restaurant and leisure

industries directly supported by tourists.

By 2023, Travel & Tourism will account for 88,000 jobs directly, a decrease of 1.9% pa over the next ten years.

BULGARIA: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT

'000 jobs

250.0

200.0

150.0

100.0

50.0

0.0

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2023

% of whole economy employment


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8.0


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7.0

6.0

5.0

4.0

3.0

2.0

1.0

0.0

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2023

The total contribution of Travel & Tourism to employment ( including wider effects from investment, the supply

chain and induced income impacts, see page 2) was 366,500 jobs in 2012 (12.5% of total employment). This is

forecast to rise by 1.2% in 2013 to 371,000 jobs (12.5% of total employment).

By 2023, Travel & Tourism is forecast to support 299,000 jobs (10.1% of total employment), a decrease of 2.1%

pa over the period.

BULGARIA: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT

'000 jobs

400.0

350.0

300.0

250.0

200.0

150.0

100.0

50.0

0.02012 2013 2023

2023


% of whole economy employment


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14

.0

12

.0

10

.0

8.0

6.0

4.0

2.0

0.0

2012 2013 2023


4 WTTC Travel & Tourism Economic Impact 2013


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Visitor Exports and Investment1

VISITOR EXPORTS

Visitor exports are a key component of the direct contribution of Travel & Tourism. In 2012,

Bulgaria generated BGN6,407.2mn in visitor exports. In 2013, this is expected to grow by 5.6%, and the countryis expected to attract 6,570,000 international tourist arrivals.

By 2023, international tourist arrivals are forecast to total 7,802,000, generating expenditure of BGN8,159.5mn,

an increase of 1.9% pa.

BULGARIA: VISITOR EXPORTS AND INTERNATIONAL TOURIST ARRIVALS

Constant 2012BGNmn mn

9,000 9

8,000 8

7,000 7

6,000 6

5,000 5

4,000 4

3,000 3

2,000 2

1,000 1

0 0

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2023

2023

Foreign visitor exports (LHS)

Foreign tourist arrivals (RHS)

Foreign visitor exports as % of total exports


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30.0

25.0

20.0

15.0

10.0

5.0

0.0

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2023

INVESTMENT

Travel & Tourism is expected to have attracted capital investment of BGN1,047.2mn in 2012. This is expected to fall by

1.1% in 2013, and rise by 5.9% pa over the next ten years to BGN1,828.8mn in 2023.

Travel & Tourisms share of total national investment will fall from 6.6% in 2013 to 5.9% in 2023.

BULGARIA: CAPITAL INVESTMENT IN TRAVEL & TOURISM

Constant 2012BGNmn

2,500

2,000

1,500

1,000

500

0

20232003

2

004

2

005

2

006

2

007

2

008

2

009

2

010

2

011

2

012

2

013

1All values are in constant 2012 prices & exchange rates



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1

4.

0

1

2.

0

1

0.

0

8.0

6.0

4.0

2.0


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0.0

2023

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013



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Different components of

Travel & Tourism1

BulgariaTravel &Tourism'sContributionto GDP:

Businessvs Leisure,2012

Leisure spending

72.3%

Leisure

travel

spending

(inbound

and

domestic)

generated

72.3% of

direct

Travel &

Tourism

GDP in

2012

(BGN6,199.2mn)

compared

with

27.7% for

business

travel

spending

(BGN2,37

7.9mn).

Leisure

travel

spending

isexpected

to grow by

5.1% in

2013 to

BGN6,516

.6mn, and

rise by


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2.9%Businessspending

27.7%

Foreign

visitorspending

74.7%

Domesticspending

25.3%

Dir

ect

28.1%

Induced

16.3%

Indirect

55.6

%

Indirect isthe sum of:

(a) Supply chain

44.6%

(b) Investment

7.8%

(c) Governmentcollective

3.2%

Bulgaria

Travel &Tourism'sContribution toGDP:

Domestic vs

Foreign, 2012


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Bulgaria

Breakdown ofTravel &Tourism'sTotalContributi

on toGDP, 2012

a

c

1All values

are inconstant 2012prices &exchange rates

pa toBGN8,655.0mnin 2023.

Business travel

spending is

expected to grow

by 3.9% in 2013

to

BGN2,471.6mn,

and rise by 1.4%

pa to

BGN2,842.2mn

in 2023.

Domestictravel

spending

generated

25.3% of

direct Travel &

Tourism GDP

in 2012

compared with

74.7% for

visitor exports

(ie foreign

visitor

spending or

internationaltourism

receipts).

Domestic travel

spending is

expected to grow

by 2.3% in 2013

to

BGN2,220.3mn

, and rise by

4.2% pa to

BGN3,337.7mn

in 2023.

Visitor

exports are

expected to

grow by5.6% in 2013

to

BGN6,767.8

mn, and rise

by 1.9% pa

to

BGN8,159.5

mn in 2023.

The Travel &

Tourism

industry

contributes to

GDP and

employment in

many ways as

detailed on

page 2.

The total

contribution of

Travel &

Tourism to

GDP is nearly

four times

greater than

its direct

contribution.



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Country rankings:

Absolute contribution, 2012

Travel & Tourism's Direct 2012 Travel & Tourism's Total 2012

Contribution to GDP (US$bn) Contribution to GDP(US$bn)

5 Italy 81.9 5 Italy 206.9

23 Austria 18.4 World Average 52.3

World Average 17.2 21 Austria 50.8

26 Greece 15.4 27 Greece 38.9

48 Croatia 5.9 49 Czech Republic 17.1

49 Czech Republic 5.7 53 Hungary 13.8

53 Hungary 5.4 54 Croatia 13.8

65 Romania 2.6 62 Romania 8.872 Slovakia 2.2 66 Bulgaria 6.9

76 Bulgaria 2.0 73 Slovakia 5.4

106 Albania 0.8 99 Albania 2.7


Contribution to Employment '000 jobs Contribution to Employment'000

jobs

14 Italy 1099.5 18 Italy2680.

8

World Average 793.7 World Average1975.

7

38 Greece 330.6 43 Greece 688.8

46 Czech Republic 262.1 52 Austria 569.1

50 Hungary 226.5 54 Czech Republic 534.0

54 Austria 210.3 58 Romania 479.0

58 Romania 193.2 67 Hungary 392.4

68 Croatia 138.6 69 Bulgaria 366.7

84 Bulgaria 102.9 75 Croatia 318.9

108 Slovakia 55.9 99 Albania 184.1

112 Albania 51.6 112 Slovakia 131.6

Travel & Tourism 2012Visitor 2012

Capital Investment (US$bn) Exports (US$bn)

14 Italy 14.7 6 Italy 40.5


32 Greece 4.0 24 Greece 16.1

37 Romania 3.6 33 Croatia 10.7

43 Austria 2.9 39 Czech Republic 8.0

52 Czech Republic 2.0 World Average 6.8

57 Croatia 1.3 45 Hungary 6.1

69 Hungary 0.8 55 Bulgaria 4.2

74 Bulgaria 0.7 73 Slovakia 2.2

82 Slovakia 0.5 74 Romania 2.1120 Albania 0.2 79 Albania 1.8

The tables on pages 7-10 provide provide brief extracts from the full WTTC Country League Table Rankings, highlighting comparisons with

competing destinations as well as with the world average.

The competing destinations selected are those that offer a similar tourism product and compete for tourists from the same set of origin markets.


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These tend to be, but are not exclusively, geographical neighbours.



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Country rankings:Relative contribution, 2012


Contribution to GDP % share Contribution to GDP

%share

18 Croatia 11.9 19 Croatia 27.8

38 Greece 6.5 31 Albania 21.4

41 Albania 6.1 40 Greece 16.4

World Average 5.2 World Average 14.1

66 Austria 4.6 57 Bulgaria 13.6

73 Hungary 4.2 62 Austria 12.8

75 Italy 4.1 73 Hungary 10.8

80 Bulgaria 3.8 78 Italy 10.310

4 Czech Republic 2.9 100 Czech Republic 8.712

6 Slovakia 2.3 140 Slovakia 5.8

170 Romania 1.5 155 Romania 5.1


Contribution to Employment % share Contribution to Employment

%share


24 Greece 8.8 34 Albania 19.5

44 Hungary 5.8 38 Greece 18.3

47 Albania 5.5 World Average 13.9

World Average 5.4 52 Austria 13.648 Czech Republic 5.4 59 Bulgaria 12.5

55 Austria 5.0 65 Italy 11.7

58 Italy 4.8 70 Czech Republic 10.9

90 Bulgaria 3.5 76 Hungary 10.112

6 Slovakia 2.4 137 Romania 5.713

1 Romania 2.3 138 Slovakia 5.7

Travel & Tourism Investment 2012 Visitor Exports 2012

Contribution to Total Capital Investment % share Contribution to Total Exports

%shar

e

31 Greece 13.8 23 Croatia 44.4

35 Croatia 12.1 29 Albania 34.7

World Average 8.1 35 Greece 29.1

71 Romania 7.4 World Average 16.6

77 Bulgaria 6.5 72 Bulgaria 12.2


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Country rankings:

Real growth, 2013


Contribution to GDP % growth Contribution to GDP

%growth

5 Romania 10.6 33 Albania 6.7

16 Albania 7.9 76 Romania 4.3

88 Bulgaria 3.8 World Average 3.010

1 Austria 3.1 112 Austria 2.4

World Average 3.0 126 Bulgaria 1.915

0 Slovakia 0.9 146 Czech Republic 1.3

151 Czech Republic 0.8 157 Slovakia 0.8

159 Greece 0.6 171 Croatia -0.2

161 Croatia 0.4 173 Hungary -0.7

172 Hungary -0.5 177 Italy -1.4

175 Italy -1.1 180 Greece -1.9


Contribution to Employment % growth Contribution to Employment

%growt

h



3 Bulgaria 3.3 World Average 1.7


World Average 1.3 106 Bulgaria 1.2

81 Greece 0.6 124 Czech Republic 0.317

6 Czech Republic -0.1 142 Croatia -0.5

87 Croatia -0.1 144 Hungary -0.6

97 Italy -0.3 158 Italy -1.1

141 Hungary -0.5 166 Slovakia -1.5

144 Slovakia -1.1 170 Greece -1.9

Travel & Tourism 2013Visitor 2013

Investment % growth Exports

%growth

81 Austria 4.8 4 Romania 13.2

84 Czech Republic 4.7 16 Albania 9.1


117 Slovakia 2.8 51 Bulgaria 5.615

6 Croatia 0.2 92 Greece 2.915

9 Romania -0.3 World Average 2.816

2 Albania -0.6 111 Croatia 1.916

5 Hungary -0.8 116 Hungary 1.5


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171 Bulgaria -1.1 149 Czech Republic -0.4

178 Italy -3.2 167 Italy -1.9

184 Greece -21.1 175 Slovakia -3.2



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Country rankings:Long term growth, 2013 - 2023

Travel & Tourism's Direct 2013 - 2023 Travel & Tourism's Total2013 -2023

Contribution to GDP % growth pa Contribution to GDP% growthpa




World Average 4.2 World Average 4.213

6 Slovakia 3.3 139 Greece 3.314

1 Greece 3.2 141 Slovakia 3.314


2 Hungary 3.0 161 Hungary 2.617

0 Italy 2.3 171 Italy 2.0

174 Bulgaria 1.9 172 Bulgaria 1.9

177 Czech Republic 1.9 176 Czech Republic 1.7

Travel & Tourism's Direct 2013 - 2023 Travel & Tourism's Total2013 -2023

Contribution to Employment % growth pa Contribution to Employment% growthpa

70 Albania 2.6 56 Greece 2.7

81 Greece 2.4 World Average 2.5

87 Croatia 2.3 78 Albania 2.3

88 Austria 2.2 86 Croatia 2.2

97 Italy 2.1 120 Italy 1.5


1 Hungary 1.1 136 Romania 1.114

4 Slovakia 1.1 147 Hungary 0.815

8 Romania 0.7 150 Slovakia 0.717

6 Czech Republic -0.7 179 Czech Republic -1.018

3 Bulgaria -1.9 183 Bulgaria -2.1

Travel & Tourism Investment 2013 - 2023 Visitor Exports

2013 -

2023

Contribution to Capital Investment % growth pa Contribution to Exports% growthpa

41 Romania 6.0 28 Croatia 6.1

45 Slovakia 5.9 30 Romania 6.0

47 Bulgaria 5.9 40 Albania 5.4

59 Croatia 5.4 78 Greece 4.4


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67 Albania 5.2 World Average 4.0


75 Hungary 4.9 100 Hungary 3.9

115 Austria 4.0 114 Slovakia 3.613

8 Czech Republic 3.3 167 Bulgaria 1.913

9 Greece 3.2 176 Czech Republic 1.415

9 Italy 2.4 177 Italy 1.1



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Summary tables:

Estimates & Forecasts

2012 2012 2013 2023

1

2

1

3

BGNmn % of total BGNmn % of total

Bulgaria Growth Growth

Direct contribution to GDP 2,975.5 3.8 3.8 3,742.1 3.0 1.9

Total contribution to GDP 10,586.1 13.6 1.9 13,072.2 10.6 1.9

Direct contribution to employment4

103 3.5 3.3 88 3.0 -1.9

Total contribution to employment4

367 12.5 1.2 299 10.1 -2.1

Visitor exports 6,407.2 12.2 5.6 8,159.5 6.7 1.9

Domestic spending 2,169.9 2.8 2.3 3,337.7 2.7 4.2

Leisure spending 6,199.2 2.7 5.1 8,655.0 2.3 2.9

Business spending 2,377.9 1.1 3.9 2,842.2 0.7 1.4

Capital investment 1,047.2 6.5 -1.1 1,828.8 5.9 5.9

12012 constant prices & exchange rates;22013 real growth adjusted for inflation (%);32013-2023 annualised real growth adjusted for inflation (%);4'000 jobs

2012 2012 2013 2023

1

2

1

3

US$bn % of total US$bn % of total

Europe Growth Growth

Direct contribution to GDP 612.9 2.9 0.8 820.7 3.0 2.9


Direct contribution to employment4

10,968 2.8 1.2 12,706 3.2 1.4

Total contribution to employment4

30,804 8.0 0.7 34,147 8.6 1.0

Visitor exports 513.8 5.3 1.2 717.9 4.9 3.3

Domestic spending 771.4 3.6 1.0 1,024.0 3.8 2.8

Leisure spending 998.8 2.2 0.9 1,363.5 2.3 3.0

Business spending 286.4 0.6 0.9 381.2 0.6 2.8

Capital investment 185.9 4.7 0.8 271.7 4.8 3.8

12012 constant prices & exchange rates;22013 real growth adjusted for inflation (%);32013-2023 annualised real growth adjusted for inflation (%);4'000 jobs

2012 2012 2013

1

2023

1

2 3

US$bn % of total US$bn % of total

Worldwide Growth Growth

Direct contribution to GDP 2,056.6 2.9 3.1 3,249.2 3.1 4.4


Direct contribution to employment

4

101,118 3.4 1.2 125,288 3.7 2.0Total contribution to employment

4

261,394 8.7 1.7 337,819 9.9 2.4

Visitor exports 1,243.0 5.4 3.1 1,934.8 4.8 4.2

Domestic spending 2,996.3 4.2 3.2 4,831.2 4.7 4.6


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Leisure spending 3,222.1 2.2 3.2 5,196.0 2.3 4.6

Business spending 1,017.4 0.7 3.1 1,572.8 0.7 4.1

Capital investment 764.7 4.7 4.2 1,341.4 4.9 5.312012 constant prices & exchange rates;22013 real growth adjusted for inflation (%);32013-2023 annualised real growth adjusted for inflation (%);4'000 jobs

% of total refers to each indicator's share of the relevant whole economy indicator such as GDP and employment. Visitor exports is shown relative to total exports of goods and services.

Domestic spending is expressed relative to whole economy GDP. For leisure and business spending, their direct contribution to Travel & Tourism GDP is calculated as a share of

whole economy GDP (the sum of these shares equals the direct contribution). Investment is relative to whole economy investment



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The economic contribution of

Travel & Tourism: Real 2012 prices

Bulgaria

(BGNmn, real 2012 prices)

2007 2008 2009 2010 2011 2012 2013E2023

F

1

. Visitor exports 7374.1 7363.3 6487.8 6268.0 6386.3 6407.2 6767.8

8159.

5

2

.

Domestic expenditure

1862.8 1775.8 1864.1 2129.2 2130.6 2169.9 2220.33337.

7

(includes government individual spending)

3

. Internal tourism consumption

9236.8 9139.1 8351.8 8397.2 8516.8 8577.0 8988.211497

.2

(= 1 + 2 )

4

. Purchases by tourism providers,

including imported goods

-6018.2 -5983.9-5392.1 -5456.7 -5547.0 -5601.6 -5899.8

-7755.

2

(supply chain)

5

. Direct contribution of

3218.6 3155.3 2959.7 2940.5 2969.8 2975.5 3088.43742.

1

Travel & Tourism to GDP

(= 3 + 4)

Other final impacts

(indirect & induced)

5239.0 5136.2 4817.3 4786.2 4834.0 4843.2 5027.06091.

0

6

. Domestic supply chain

7

. Capital investment 2200.9 2283.3 1320.8 1042.4 1035.8 1047.2 1035.51828.

8

8

. Government collective spending 348.3 370.1 352.8 351.5 340.4 345.7 346.6 465.1

9

. Imported goods from indirect spending -346.4 -401.2 -171.1 -219.5 -324.1 -345.9 -393.7-

892.3

10. Induced 1956.4 1938.2 1963.9 1838.8 1759.4 1720.3 1683.4

1837.5

11

. Total contribution of 12616.9

12481.8

11243.4

10739.9

10615.3

10586.1

10787.1

13072.2


(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts ('000)1 Direct contribution of Travel & Tourism 124.9 120.2 115.2 109.9 103.6 102.9 106.4 87.9


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2. to

employment13.

Total contribution of Travel &Tourism 489.1 473.6 439.3 401.2 371.1 366.7 371.2 299.4

to employment

Other indicators

3767.8 3933.8 2968.2 2156.7 2111.0 2164.5 2244.4

6464.

714. Expenditure on outbound travel



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The economic contribution of

Travel & Tourism: Nominal prices

Bulgaria

(BGNmn, nominal prices)

2007 2008 2009 2010 2011 2012 2013E 2023F

1. Visitor exports 5841.2 6340.0 5866.8 5798.6 6226.5 6407.2 6961.811354.

0

2.


1475.5 1529.0 1685.7 1969.7 2077.2 2169.9 2284.04644.

5


3. Internal tourism consumption

7316.7 7869.0 7552.5 7768.4 8303.7 8577.0 52.015998

.5

(= 1 + 2 )

4. Purchases by tourism providers,


-4767.2 -5152.2 -4876.0-5048.1 -5408.2 -5601.6 3124.8

-10791.

4

(supply chain)

5. Direct contribution of

2549.6 2716.7 2676.5 2720.3 2895.5 2975.5 3176.95207.

1


(= 3 + 4)

Other final impacts


4150.0 4422.3 4356.3 4427.8 4713.1 4843.2 5171.18475.

7

6. Domestic supply chain

7. Capital investment 1743.4 1966.0 1194.4 964.3 1009.9 1047.2 1065.22544.

7

8. Government collective spending 275.9 318.7 319.0 325.1 331.9 345.7 356.5 647.2

9. Imported goods from indirect spending -274.4 -345.4 -154.7 -203.1 -316.0 -345.9 -405.0-

1241.6

10. Induced 1549.7 1668.8 1775.9 1701.1 1715.4 1720.3 1731.6

2557.0

11. Total contribution of

9994.210747.

110167.

3 9935.610349.

610586.

111096.

318190

.0


(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts ('000)

12.

Direct contribution of Travel & Tourismto

124.9 120.2 115.2 109.9 103.6 102.9 106.4 87.9

employment

13.

Total contribution of Travel &Tourism 489.1 473.6 439.3 401.2 371.1 366.7 371.2 299.4

to employment

Other indicators

2984.6 3387.1 2684.1 1995.2 2058.2 2164.5 2308.78995.

714

Expenditure on outbound travel


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.

*Concepts shown in this table align with the standard table totals as described in the 2008 Tourism Satellite Account: Recommended

Methodological Framework(TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Office

of the European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the World Tourism

Organization (UNWTO).

Historical data for concepts has been benchmarked to match reported TSA data where available.



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The economic contribution ofTravel & Tourism: Growth

Bulgaria

2

1

2007 2008 2009 2010 2011 2012 2013E 2023F

Growth (%)

1. Visitor exports 5.3 -0.1 -11.9 -3.4 1.9 0.3 5.6 1.9

2.


-67.5 -4.7 5.0 14.2 0.1 1.8 2.3 4.2


3. Internal tourism consumption

-27.4 -1.0 -8.6 0.5 1.4 0.7 4.8 2.5

(= 1 + 2 )

4. Purchases by tourism providers,


-25.7 -0.6 -9.9 1.2 1.7 1.0 5.3 2.8

(supply chain)

5. Direct contribution of

-30.6 -2.0 -6.2 -0.7 1.0 0.2 3.8 1.9


(= 3 + 4)

Other final impacts


-30.6 -2.0 -6.2 -0.6 1.0 0.2 3.8 1.9

6. Domestic supply chain

7. Capital investment -0.4 3.7 -42.2 -21.1 -0.6 1.1 -1.1 5.9

8. Government collective spending -2.0 6.2 -4.7 -0.4 -3.1 1.6 0.3 3.0

9. Imported goods from indirect spending -25.9 0.4 -12.4 1.1 4.3 1.0 4.7 3.0

10. Induced -26.5 -0.9 1.3 -6.4 -4.3 -2.2 -2.1 0.9

11. Total contribution of

-26.3 -1.1 -9.9 -4.5 -1.2 -0.3 1.9 1.9Travel & Tourism to GDP

(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts ('000)

12.

Direct contribution of Travel & Tourismto

-31.7 -3.8 -4.1 -4.7 -5.7 -0.6 3.3 -1.9

employment


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13.

Total contribution of Travel &Tourism -27.9 -3.2 -7.2 -8.7 -7.5 -1.2 1.2 -2.1

to employment

Other indicators

-11.4 4.4 -24.5 -27.3 -2.1 2.5 3.7 11.214. Expenditure on outbound travel

12007-2012 real annual growth adjusted for inflation (%); 22013-2023 annualised real growth adjusted for inflation (%)

14 WTTC Travel & Tourism Economic Impact


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