Greece, also known as the cradle of Western civilization, is a country located in Southern Europe. With its beautiful landscapes, ancient ruins, and rich cultural heritage, Greece attracts millions of tourists from all over the world every year.
But what percentage of Greece’s economy is driven by tourism?
The Importance of Tourism in Greece’s Economy
Tourism plays a crucial role in the Greek economy. In fact, it is one of the main sources of income for the country. According to data from the World Travel & Tourism Council (WTTC), tourism directly contributed 10.3% to Greece’s GDP in 2019, and this figure is expected to rise to 11.1% by 2029.
The Numbers Behind Tourism in Greece
In 2019, Greece welcomed over 34 million international visitors, generating €18.5 billion in revenue for the country’s economy. This made up almost a quarter (24%) of all export revenues for Greece.
Tourism also provides employment opportunities for thousands of people across the country. In fact, it is estimated that one in five jobs in Greece is related to tourism.
The Impact of COVID-19 on Greek Tourism
The COVID-19 pandemic has had a significant impact on the global tourism industry, and Greece is no exception. In 2020, tourist arrivals dropped by almost 80% compared to the previous year due to travel restrictions and lockdown measures.
As a result, many businesses that rely on tourism have been struggling to stay afloat. The Greek government has implemented several measures to support these businesses and promote domestic tourism during this challenging time.
The Future of Tourism in Greece
Despite the challenges posed by COVID-19, there are reasons to be optimistic about the future of tourism in Greece. The country has been successful in containing the spread of coronavirus and has been gradually reopening its borders to international visitors.
Moreover, the Greek government has announced plans to invest in tourism infrastructure and promote sustainable tourism practices. This includes initiatives such as improving public transportation, upgrading tourist facilities, and promoting eco-friendly tourism activities.
Conclusion
Tourism is a vital part of the Greek economy. While the COVID-19 pandemic has had a significant impact on the industry, there are signs of recovery and optimism for the future. With continued investment in tourism infrastructure and sustainable practices, Greece can continue to attract millions of visitors from all over the world and maintain its position as one of the top tourist destinations in Europe.