Data available for Latin-American and Caribbean Countries since 2009-2017
Expenditure associated with the activity of international visitors has been traditionally identified with the travel item of the Balance of Payments (BOP) : in the case of inbound tourism, those expenditures associated with inbound visitors are registered as “credits” in the BOP and refers to “travel receipts”.
A better estimate of tourism-related expenditure by inbound and outbound visitors in an international scenario would be, in terms of the BOP, the value of the travel item plus that of the passenger transport item.
Nevertheless, users should be aware that BOP estimates include, in addition to expenditures associated to visitors, those related to other types of travelers (these might be substantial in some countries ; for instance, long-term students or patients, border and seasonal workers, etc ). Also data on expenditure by main purpose of the trip are BOP data. The data published correspond to those published by the International Monetary Fund (IMF) (and provided by the Central Banks). Expenditure data on inbound and outbound tourism is taken from the BOPS (Balance of Payments Statistics) CD-ROM of the IMF.
Visit website (for inbound tourism expenditure) and Visit website (for inbound tourism expenditure over gross domestic product)