Billions of euros generated from Greece’s tourism sector in 2017

Greece tourism

Greece tourism

According to new data from the World Travel & Tourism Council (WTTC) Travel & Tourism in 2017 contributed a total of 19.7 percent to Greece’s GDP and amounted to 35 billion euros generated in the Greek economy.

The report was presented to Greek Tourism Minister Elena Kountoura by the Council’s President and CEO Gloria Guevara, during a recent meeting held in Athens, where they also discussed the positive contribution of travel and tourism to the whole Greek economy, following the high rates of tourism growth achieved over the last four years.

According to the WTTC’s key data for 2017, which reflect Greece’s great tourism leap, particularly impressive is the 6 percent annual growth achieved in 2017 in travel and tourism’s total contribution to the Greek economy, which was significantly higher than the overall economic growth in Greece, and almost double the global average (Travel & Tourism contributed 10.4% to the global economy in 2017).

Moreover, international visitor spend in Greece last year reached 17.1 billion euros, accounting for 28.4 exports of total exports.

The data also revealed that the travel and tourism sector in 2017 represented altogether 935,000 jobs in Greece, accounting for 24.8 percent of the country’s total employment.

According to the WTTC, the sector is expected to generate about 332,000 additional jobs in Greece over the next decade.

*Source: GTPHeadlines