In 2017, 14.9% of Spain’s total GDP came from tourism, some 4.5% above the worldwide average – new figures show.
The amount of money pumped into the Spanish economy through tourism rose by 5.7% to €172,900 million in 2017, according to new data published by the World Travel & Tourism Council (WTTC).
Over 82 million foreign visitors came to Spain last year, representing a rise of 8.9% on the previous year and reaching a new record high, according to the business lobby Alliance for Excellence in Tourism (Exceltur). And not only was there an increase in visitor numbers, but there was also a 1.5% increase in the average amount of money spent whilst here.
In Spain, around 2.8 million jobs are linked either directly or indirectly to tourism, representing 15.1% of all employment in the country. A total of 930,500 jobs were directly linked with tourism last year, contributing €62,400 million to GDP, further highlighting the importance of tourism to Spain and the phenomenal effect it has on the economy.
Tourism will grow by 2.9% in 2018, with a further 2.3% growth per annum for the next ten years, the WTTC predict.