How important is tourism to Portugal?
Tourism in Portugal serves millions of international and domestic tourists. Tourists visit to see cities, historic landmarks, enjoy beaches, or religious sites. As of 2019, Portugal had 27 million visitors.
How much do tourists spend in Portugal?
In 2019, foreign visitors in Portugal spent nearly 21 billion U.S. dollars during their travels, in addition to the 4.1 billion dollars spent on transportation.
How much does tourism contribute?
In 2019, the Travel & Tourism sector contributed 10.4% to global GDP; a share which decreased to 5.5% in 2020 due to ongoing restrictions to mobility. In 2020, 62 million jobs were lost, representing a drop of 18.5%, leaving just 272 million employed across the sector globally, compared to 334 million in 2019.
What is Portugal’s main export?
The major export commodities of Portugal are clothing and footwear (11.6%), motor vehicles (9.1%), and textiles (6.9%). Other exports include electrical distributing equipment (4.1%), paper products (3.2%), and refined petroleum products (1.9%).
How much money does Portugal have?
Economy of Portugal
|GDP||$257,391 billion (nominal; 2021) $370,497 billion (PPP; 2021)|
|GDP rank||47th (nominal, 2020) 52nd (PPP, 2021)|
|GDP growth||2.5% (2019) −7.6% (2020) 3.9% (2021e) 4.8% (2022e)|
|GDP per capita||$25,065 (nominal, 2021) $36,079 (PPP, 2021)|
How much is British tourism worth to Portugal?
Figures from Abta, the UK Travel Association, give the economic value of British tourism to the whole of Portugal in 2018 as half a billion pounds, but the Algarve is particularly reliant on tourism and for that reason the economic effects of the pandemic have been tough: unemployment has increased by 70% in the past …
What percentage of UK GDP is tourism?
Britain will have a tourism industry worth over £257 billion by 2025 – just under 10% of UK GDP and supporting almost 3.8 million jobs, which is around 11% of the total UK number. Tourism’s impact is amplified through the economy, so its impact is much wider than just the direct spending levels.