BUSINESS

Tourism accounts for a fifth of GDP and a quarter of jobs

TAGS: Tourism, Economy

The tourism and travel sector in Greece grew 6.9 percent last year, a rate that was three-and-a-half times higher than the growth rate of the entire Greek economy, a survey by the World Travel and Tourism Council (WTTC) has noted.

The survey illustrated that tourism accounted for 20.6 percent of the country’s gross domestic product, against a global rate of just 10.4 percent.

This means that one in every five euros spent in Greece last year came from the tourism and travel sector, whose turnover amounted to 37.5 billion euros.

Tourism also accounts for a quarter of employment in Greece, or some 988,600 jobs, the WTTC said.

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