Tourism Vocabulary

Tourism Trade Balance

• The difference between Tourism Receipts (the amount tourists spend in a country) and Tourism Expenditures (the amount residents of a country spend on tourism in foreign countries).

• The dollar amount of the difference between Tourism Receipts and Tourism Expenditures.  If the dollar amount is positive a country has a positive tourism trade balance.  If the dollar amount is negative the country has a negative tourism trade balance

• the amount of goods and services produced in a country per year divided by the country’s population.  It can be used to measure average wealth levels for the people of a country

Net Tourism Income

• Tourism Receipts are less than Tourism Expenditures.  Countries do not want to have a Negative Tourism Balance of Trade because it means that more money is leaving their economy than coming into it.

• The dollar amount of the difference between Tourism Receipts and Tourism Expenditures.  If the dollar amount is positive a country has a positive tourism trade balance.  If the dollar amount is negative the country has a negative tourism trade balance.

• Tourism Receipts are greater than Tourism Expenditures.  Countries want to have a Positive Tourism Balance of Trade because it means that more money is coming into their economy than leaving it.

Positive Tourism Trade Balance

• Tourism Receipts are less than Tourism Expenditures.  Countries do not want to have a Negative Tourism Balance of Trade because it means that more money is leaving their economy than coming into it.

• Tourism Receipts are greater than Tourism Expenditures.  Countries want to have a Positive Tourism Balance of Trade because it means that more money is coming into their economy than leaving it.

• The difference between Tourism Receipts (the amount tourists spend in a country) and Tourism Expenditures (the amount residents of a country spend on tourism in foreign countries).

Negative Tourism Trade Balance

• Tourism Receipts are less than Tourism Expenditures.  Countries do not want to have a Negative Tourism Balance of Trade because it means that more money is leaving their economy than coming into it.

• Tourism Receipts are greater than Tourism Expenditures.  Countries want to have a Positive Tourism Balance of Trade because it means that more money is coming into their economy than leaving it.

• The dollar amount of the difference between Tourism Receipts and Tourism Expenditures.  If the dollar amount is positive a country has a positive tourism trade balance.  If the dollar amount is negative the country has a negative tourism trade balance.

GDP per Capita

• The dollar amount of the difference between Tourism Receipts and Tourism Expenditures.  If the dollar amount is positive a country has a positive tourism trade balance.  If the dollar amount is negative the country has a negative tourism trade balance.

• The difference between Tourism Receipts (the amount tourists spend in a country) and Tourism Expenditures (the amount residents of a country spend on tourism in foreign countries).

• The amount of goods and services produced in a country per year divided by the country’s population.  It can be used to measure average wealth levels for the people of a country