Turkey's tourism revenues surged 22 percent from a year earlier to USD 14.03 billion in the third quarter of 2019, of which 82.1 percent of this income came from foreign visitors, while 17.9 percent was obtained from citizens resident abroad. The number of departing visitors increased 15 percent to 12.61 million, while the number of Turkish citizens visited abroad jumped 30.2 percent to 2.95 million. Tourism expenditure, which is the expenditure of the Turkish citizens resident in Turkey and visited abroad, increased 1.8 percent to USD 1.23 billion. Tourism Revenues in Turkey averaged 1297.18 USD Million from 1990 until 2019, reaching an all time high of 4947 USD Million in August of 2014 and a record low of 79 USD Million in February of 1990. source: Turkish Statistical Institute
Tourism Revenues in Turkey is expected to be 14600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Tourism Revenues in Turkey to stand at 8900.00 in 12 months time. In the long-term, the Turkey Tourism Revenues is projected to trend around 11100.00 USD Million in 2020, according to our econometric models.
Turkey Tourism Revenues
In Turkey, Tourism Revenues is defined as the total expenditure made in Turkey by foreigners and citizen visitors resident in abroad (excluding real estate expenditures, repair-maintenance expenses for residences, durables etc.). Tourism income includes the expenditure on food and beverages, accommodation, health, transportation in Turkey, sports, education, culture, international transportation with Turkish firms, mobile phone roaming expenditures, marina service expenditures, souvenirs etc.