Portugal’s tourism sector ranks 2nd highest driver of economic growth in Europe

Portugal’s tourism sector ranks 2nd highest driver of economic growth in Europe - Portugal Business News

Portugal news - Portugal’s tourism sector ranks 2nd highest driver of economic growth in Europe, with a weight of tourism consumption (TCET) of 15.6% as a percentage of GDP in 2022, according to INE.

Here is the diagram showing the weight of tourism consumption (TCET) as a percentage of GDP in Europe in 2021 and 2022. The diagram shows a huge increase in the weight of tourism consumption (TCET) in Portugal, going from 9.8% in 2021 to 15.6% in 2022 as a % of GDP. Portugal’s tourism sector generated a contribution of 33.8 billion euros in 2023, that accounts for 12.7% of GDP. 

Diagram showing the weight of tourism consumption (TCET) as a percentage of GDP in Europe in 2021 and 2022:

Weight of tourism consumption (TCET) as a percentage of GDP in Europe in 2021 and 2022 - Portugal Business News

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