Amid global migration and post-pandemic recovery, the number of international expats and travelers continues to increase. As of 2023, according to a study conducted by the platform Nomadvice.com, the number of residence permits issued in the analyzed countries reached 28.9 million. At the same time, the global tourism market also rebounded, surpassing 1.4 billion international tourists in 2022.
Global migration and tourism have a significant impact on the economy, including the professional services market. We analyzed data on residence permits issued and the number of tourists in selected countries to determine how they contribute to the development of sectors such as healthcare, beauty services, and tourism.
In this analysis, we will examine how changes in these indicators affect demand for services and discuss the role that platforms like Nomadvice play in meeting the needs of expats and tourists.
Increase in Issued Residence Permits: An Analysis of Migration Trends from 2019 to 2023
In recent years, there has been a rapid increase in the number of issued residence permits (RPs) in numerous countries, reflecting changes in migration flows against the backdrop of global economic, political, and social shifts.
Overall, forecasts for the coming years indicate continued growth in the issuance of residence permits in many countries, with a particular emphasis on Europe, which remains the primary region for migration.
Rate of change in residency permit issuance by country (%), showing growth trends and declines over time
Growth of Tourism: An Analysis of Changes in the Tourism Industry from 2019 to 2023
The tourism industry, one of the most sensitive sectors to global events, has undergone significant changes since the COVID-19 pandemic. An examination of the growth dynamics in tourism over recent years reveals a steady recovery following the sharp decline in 2020. The recovery of the tourism industry varies by country, reflecting both the characteristics of national economies and the measures taken by governments to sustain and stimulate tourist flows.
These two graphs provide an overview of global tourism trends from 2020, with a projection until 2027. The first graph showcases the total number of tourists across all countries, while the second visualizes the year-over-year relative growth rate of the cumulative tourist flow. Both graphs include trend lines to highlight long-term patterns and expectations for the future.
Global Dynamics of Tourist Flow Volume / Relative Year-over-Year Growth of Tourist Flow
General Analysis of the Global Service Market
An analysis of professional services market statistics reveals significant growth across various segments, particularly in tourism, healthcare, and the beauty industry. This growth has been analyzed in connection with migration and tourism trends.
These are several important takeaways:
- The increase in the number of expatriates and tourists seeking professional services contributes to the growth of the professional services market, highlighting the need for platforms that help locate services abroad.
- As of 2023, the total number of issued residence permits in the countries presented is nearly 30 million.
- As of 2023, the total number of tourists across the presented countries stands at 541.7 million.
- A correlation of 0.75 between the number of residence permits issued and the volume of the healthcare market indicates active utilization of medical services by expats.
- The healthcare market was valued at $4.7 trillion in 2022 and is projected to reach $12.9 trillion by 2032, with a compound annual growth rate (CAGR) of 10.9%.
The survey is based on data collected and analyzed from the following countries: Croatia, Lithuania, Spain, Poland, Montenegro, Portugal, Sweden, Armenia, Georgia, Serbia, Kazakhstan, the Czech Republic, Turkey, Norway, Denmark, Italy, Hungary, the Netherlands, France, and Germany.
This analysis demonstrates the significant influence of expats and tourists on various segments of the professional services market, highlighting their role in the development and growth of these industries. The statistics serve as a benchmark for understanding how the increasing number of expats and tourists affects the services market and underscore the need for platforms like nomadvice.com that assist users in finding and selecting the necessary services.
As the world evolves, so do we. Whether in a different country or constantly on the move, we often spend hours seeking for a good specialist, asking for advice from friends, acquaintances, and various channels.
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