Portugal’s tourism sector ranks 2nd highest driver of economic growth in Europe
- Portugal Business News - Valerie Charoux
- Aug 2, 2024
- 1 min read
Updated: Dec 18, 2024
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:
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