How much money does Portugal get from tourism?

How much does Portugal make from tourism?

Tourism is now the biggest sector of the Portuguese economy, accounting for 8.2% of national GDP in 2018 (2% higher than in 2014) and generating €16.6 billion in revenue a year, more than double the figure seven years previously.

How much does tourism contribute to Portugal economy?

Portugal – Contribution of travel and tourism to GDP as a share of GDP. In 2019, contribution of travel and tourism to GDP (% of GDP) for Portugal was 19.8 %. Contribution of travel and tourism to GDP (% of GDP) of Portugal increased from 11.9 % in 2000 to 19.8 % in 2019 growing at an average annual rate of 2.83%.

How important is tourism to Portugal?

Tourism in Portugal serves millions of international and domestic tourists. Tourists visit to see cities, historic landmarks, enjoy beaches, or religious sites. As of 2019, Portugal had 27 million visitors.

What is Portugal’s main export?

The major export commodities of Portugal are clothing and footwear (11.6%), motor vehicles (9.1%), and textiles (6.9%). Other exports include electrical distributing equipment (4.1%), paper products (3.2%), and refined petroleum products (1.9%).

How much money does Portugal have?

Economy of Portugal

GDP $257,391 billion (nominal; 2021) $370,497 billion (PPP; 2021)
GDP rank 47th (nominal, 2020) 52nd (PPP, 2021)
GDP growth 2.5% (2019) −7.6% (2020) 3.9% (2021e) 4.8% (2022e)
GDP per capita $25,065 (nominal, 2021) $36,079 (PPP, 2021)
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How much does tourism contribute?

In 2019, the Travel & Tourism sector contributed 10.4% to global GDP; a share which decreased to 5.5% in 2020 due to ongoing restrictions to mobility. In 2020, 62 million jobs were lost, representing a drop of 18.5%, leaving just 272 million employed across the sector globally, compared to 334 million in 2019.

What percentage of GDP is tourism?

The travel and tourism industry’s total GDP accounted for 5.5 percent of the global GDP in 2020.

What percentage of UK GDP is tourism?

Britain will have a tourism industry worth over £257 billion by 2025 – just under 10% of UK GDP and supporting almost 3.8 million jobs, which is around 11% of the total UK number. Tourism’s impact is amplified through the economy, so its impact is much wider than just the direct spending levels.