Frequent question: How much does tourism contribute to the Spanish economy?

What percentage of Spain’s economy is tourism?

According to data from the tourism satellite account published by the INE, the industry generates 12.3% of Spain’s GDP and 12.7% of its employment. Tourism’s huge importance for the Spanish economy is not by chance but the result of its great competitiveness and resilience.

How does tourism affect the economy of Spain?

Tourist expenditure also fell dramatically last year. Visitors spent €19.7 billion in 2020, down from €91.9 billion in 2019, a drop of 78.5%. This has had a significant effect on the Spanish economy. In 2019, the tourism industry accounted for 12.4% of Spain’s gross domestic product (GDP).

How much does Spain earn from tourism?

Tourism Revenues in Spain averaged 3377.76 EUR Million from 1993 until 2021, reaching an all time high of 9408 EUR Million in August of 2019 and a record low of 0 EUR Million in April of 2020.

How much money does tourism contribute to the economy?

Taking into account direct and indirect impacts (including aspects like the supply chain), tourism in England contributes £106 billion to the British economy (GDP) and supports 2.6 million jobs. Looking at direct impacts only, tourism still contributes £48 billion, supporting 1.4 million jobs.

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How much money did Spain make from tourism in 2019?

This figure grew throughout the second half of the decade, reaching 70.3 billion in 2019. In that year, the Spanish tourism GDP surpassed 150 billion euros.

Which tourists spend the most money in Spain?

This statistic shows the annual expenditure of international tourists visiting Spain in 2020, by country of residence. Those tourists with residence in the United Kingdom spent the most, while Germany and France ranked second and third.

Who visits Spain the most?

In 2020, the European country with the highest number of residents visiting Spain was France. In total, roughly 3.9 million French residents traveled to the neighboring country. Comparatively, nearly 3.2 million tourists from the United Kingdom also made their way to Spain in that year.

What are some of the advantages and disadvantages of tourism?

Economic Pros and Cons of Tourism

Benefits Detriments
Tourism promotes international connections which can increase business opportunities. Attracted by opportunity, foreign companies begin poaching business away from local businesses.
* The area may become dependent on tourists’ dollars and risk loss and damage as a result.

Where do most tourists in Spain come from?

Summer resorts and beaches

The leading source markets of Spanish beach tourism are the UK (around 24% of the total arrivals in Spain in recent years), Germany and France (around 15-16% each), followed by Scandinavia and Italy (around 7% each) and the Netherlands (around 5%).

How does Spain benefit from tourism?

Tourism in the economy. Tourism is one of the cornerstones of the Spanish economy and an outstanding driver of economic and social development. In 2017 it accounted for 11.8% of GDP and in 2018 sustained 13.5% of employment (or 2.6 million direct jobs).

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