Greek tourism contributed 23.8% to GDP

11 April 2017
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The Greek tourism sector had a general contribution of 18.6% (32.8 billion euros) to the country’s GDP in 2016, according to a World Travel and Tourism Council (WTTC) report. The data showed that the economic expansion brought about tourism resulted in the creation of 860,500 jobs which corresponds to 23.4% of the aggregate job rate. The report revealed that the direct contribution of tourism to Greece’s GDP was 13.2 billion euros (7.5%), with an outlook of a 7.5% rise in 2017, while it is estimated to reach a 4.5% increase over the 10-year period 2017-2027 making up 9.6% of the GDP in 2027. The WTTC report estimates tourist activity will make up 23.8% of Greece’s GDP in 2027. The general contribution of the sector to Greece’s GDP for 2017 will rise by 6.9%, while the general contribution to employment will increase by 6.3% in 2017 (914,500 jobs) and 3.4% annually until 2027, which corresponds to 1,273 million jobs. Investments in tourism amounted to 3.2 billion euros, comprising 15.7% of the country’s total investments, while this is expected to go up by 6.6% in 2017 and 5.1% annually for the next ten years.

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