Greek tourism outshines with 6.9 per cent increase in 2018

- A Monitor Desk Report 18 Mar, 2019 | 2039 Views|-+
Dhaka: Greece’s tourism sector covering a fifth of the GDP outshone as it grew at a rate of 6.9 per cent in 2018 considering the national economy which grew by two per cent only.

Tourism led to the creation of around one million jobs intending that one quarter of all employment in Greece is focused on tourism. In 2018, one in every five euros spent in Greece saw contribution from the tourism sector which was worth EUR37.5 billion.

The sector shows strong economic recovery and is known to outperform its previous peaks. During the height of economic performance before the financial crisis Greece still employed less people in tourism than they did in 2018.

For the GDP contribution the same was true, it never amounted to 20 per cent of the total GDP.

Impressed by the Greek growth rate and the government strategies that have spurred it on, Gloria Guevara, President, World Travel and Tourism Council, said, “Tourism has had a huge role to play in driving Greek economic recovery, and is a chief employer of people. The nation was an exemplary case study of how valuable an asset tourism can be when the government prioritises the sector.”

World Travel and Tourism Council’s (WTTC) annual review of the economic impact and social importance of the sector presented the figures.

In 2018, the Greek sector reaped benefits from EUR18.5 billion in international visitor spending; this represented 27.9 per cent of total exports.

The spending was majorly driven by the leisure travel and two-thirds of inbound Greek travel spend came from international visitors and one-third from domestic travel.

Elena Kountoura, Minister, Hellenic Ministry of Tourism, said, “Our long-term strategy being implemented since 2015 has led to top results in the country’s tourism growth. It supported the Greek economy during difficult years of crisis. The target to create new jobs, business activity, new source of income and mobilising new tourism investments has been achieved.”

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