Clusters and Number of Countries in Each Cluster out of the Sample of 143

Euro Area and USA, 62

Emerging Economies, 43

MINT and Other Countries, 17

Russia and Some Other Rich Countries, 12

International Tourism Receipts Variation 2008-2007

0.14

0.01

0.32

0.11

International Tourism Receipts Variation 2009-2008

−0.10

−0.09

−0.05

0.00

International Tourism Receipts Variation 2010-2009

−0.02

0.15

0.30

0.11

International Tourism Receipts Variation 2011-2010

0.09

0.08

0.24

0.37

GDP Variation 2008-2007

0.14

0.14

0.20

0.30

GDP Variation 2009-2008

−0.07

−0.04

0.02

−0.15

GDP Variation 2010-2009

0.03

0.17

0.12

0.18

GDP Variation 2011-2010

0.09

0.14

0.14

0.22

Exports Variation 2008-2007

0.16

0.13

0.18

0.41

Exports Variation 2009-2008

−0.16

−0.15

−0.06

−0.29

Exports Variation 2010-2009

0.10

0.26

0.20

0.28

Exports Variation 2011-2010

0.16

0.21

0.21

0.35