WTTC: Greek tourism sector growing over three times faster than rest of economy
- Written by E.Tsiliopoulos
In 2018, the Greek Travel & Tourism sector grew at a rate of 6.9% – over three and a half times the pace of its wider national economy, which grew by 2.0%.
The sector represents 20.6% of Greek GDP compared to the global average of 10.4%. This means that one in every five Euros spent in Greece last year came from the Travel & Tourism sector, worth €37.5bn (USD $44.6bn).
Meanwhile, one-quarter of all employment in Greece is based on travel & tourism – equivalent to 988.6k jobs. In 2019, this figure is forecast to surpass one million for the first time since WTTC records began.
Even at the height of economic performance before the financial crisis, Greece still employed less people in Travel & Tourism than they did in 2018 (934.5k in 2006), indicating that not only has the sector economy recovered but it is now outperforming its previous peaks.
Related items
-
Greece moves to become Southeast Europe’s first carbon storage hub
-
Giannis Antetokounmpo says Heat provide best route to another NBA title
-
Mitsotakis says under-15s should be banned from major social media platforms, warns of AI's "extreme" risks
-
Marco Rubio made a reference to the murder of Vagia Nestora - "She was executed because her daughter dared to run for public office"
-
Greek banks have liquidity ready to fuel economic growth
Latest from E.Tsiliopoulos
- Greece moves to become Southeast Europe’s first carbon storage hub
- Giannis Antetokounmpo says Heat provide best route to another NBA title
- Mitsotakis says under-15s should be banned from major social media platforms, warns of AI's "extreme" risks
- Marco Rubio made a reference to the murder of Vagia Nestora - "She was executed because her daughter dared to run for public office"
- Greek banks have liquidity ready to fuel economic growth