Tourism as an economic factor in 2024
Tourism is a key economic factor in Germany. The DIW Econ study ‘Wirtschaftsfaktor Tourismus 2024’ (Tourism as an Economic Factor 2024) analyses the industry’s current economic significance on the basis of a so-called nowcast. This is a statistical extrapolation of selected TSA result variables to the present day (2024). This is because the latest official TSA (Tourism Satellite Account) results from the Federal Statistical Office only go up to 2021 and are still significantly affected by the impact of the pandemic.
Tourism is a key economic factor in Germany. The DIW Econ study ‘Wirtschaftsfaktor Tourismus 2024’ (Tourism as an Economic Factor 2024) analyses the industry’s current economic significance on the basis of a so-called nowcast. This is a statistical extrapolation of selected TSA result variables to the present day (2024). This is because the latest official TSA (Tourism Satellite Account) results from the Federal Statistical Office only go up to 2021 and are still significantly affected by the impact of the pandemic.
With a direct gross value added of around €144 billion and around 2.7 million employees, tourism continues to contribute significantly to overall economic output and employment in particular. These results highlight the stabilising economic role of tourism, despite structural shifts within the industry.
German Chamber of Industry and Commerce (DIHK)
German Federal Association of the German Tourism Industry (BTW)