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Latin America ? Assumed Growth Rates to 2023 Travel Tourism High Lights for 1999 ? Travel Tourism Impact Direct and Indirect upon the Global Economy ?11% of GDP ?200 Million Jobs ?8% of Total Employment ? Million New Jobs per year until 2023 U. S. Highlights ? Data used in WTTC Data System ? Importance of US in T T Industry ? Employment ? Capital Investment ? Government Spending ?Federal Agencies ?State Local Key Points from Global Projection For 2023 For Travel Tourism ? Real Growth % per year Through 2023 ?Economy GDP will be 11% of Global GDP ?Employment will be 9% ?Tax Revenues at % of Total T T Forecast for 2023 Investment ? Government Expenditures to Support T T Increase at a higher rate than in T T ? Global Capital Investment ?$733 B in 1999 and projected to be $ Trillion by 2023. ? T T Capital Investment Grows Faster than Global Investment United States Data for T T ? Up to 25% of All Direct T T Expenditures for Airfares ?Largest Single Item ? T T GDP $1,067 Billion in 1999 ? Japan next highest at $389 B. ? T T GDP Projected at $ Trillion by 2023 U. S. Employment Government Spending ? T T Economy accounts for Million . jobs in 1999 (%) ? Million . Jobs Expected in 2023 (%) ? Governments spent $ Billion for T T 1999 ? By 2023 Projected to reach $85 Billion A