$47 Million
30 Million (2023)
2.5 Million (2024)
South Korea’s economy is projected to experience both growth and stabilization. GDP per capita fluctuates, dipping in 2025 before recovering in 2026. The exchange rate slightly weakens, impacting trade dynamics. Unemployment remains low, showing labor market resilience. Inflation slows, with annual rates declining from 3.6% in 2023 to 1.8% in 2026. Overall, 2025 marks a surge in economic activity before a return to steady growth.
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Competitor Comparison
Air Travel
Economic Indicators
Traveller Characteristics
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $23M | $115M | $47M | $137M | $0.3B |
Share of total national expenditure | 7% | 35% | 16% | 42% | - |
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $28M | $108M | $35M | $110M | $0.3B |
Share of total national expenditure | 10% | 37% | 12% | 37% | - |
Indicator | 2023 | 2024 Estimated | 2025 Forecasted | 2026 Forecasted |
|---|---|---|---|---|
GDP - per capita (US$) | $35,538 | $36,172 | $34,199 | $36,604 |
GDP - YoY Growth Rate | 2.2% | 2.8% | 10.9% | - |
Exchange Rate (CAD/KRW) (annual average) | $0.001 | 0.001005% | N/A | N/A |
Unemployment Rate (annual average) | 2.7% | 2.6% | 2.6% | 2.7% |
Annual inflation | 3.6% | 2.3% | 2.0% | 1.8% |
Why won't travellers come here? | |
|---|---|
Too far / Too long | 47% |
Cost | 43% |
Extreme weather conditions | 26% |
Not enough time to take a holiday | 25% |
Poor weather | 21% |
Top 5 trip anchors (market size) | |
|---|---|
Nature walks | 957K |
Natural attractions (e.g. scenic viewpoints, mountains, waterfalls) | 951K |
Trying local food and drink | 931K |
Nature parks | 668K |
Local markets (e.g. public markets, farmers market, night markets) | 660K |
What's the purpose of their visit? |
|---|
Sources
Statistics Canada, Visitor Travel Survey Data 2024/2023
Global Tourism Research Program (GTRP), Destination Canada
Lodging Aligned Spend Reporting (LASR), Destination Canada
Oxford Economics
DIIO, Cirium
Bank of Canada
UNWTO: UN Tourism Barometer
Mobile Insights, Near