How Important Is Tourism To Europe?

Real Estate | December 10, 2014
Excel Sheet

Tourism has became an important part of a number of european economies. EU residents made total of 1.1 bil tourism trips in 2013. Three quarters of all trips made were to domestic destinations, with the remainder abroad.

The economic importance of international tourism can be measured by the ratio of international travel receipts relative to GDP from balance of payments and include business travel, as well as travel for pleasure.

In 2013, the ratio of gross travel receipts to GDP was highest, among the EU Member States, in Croatia (16.7%), Malta (14.5%) and Cyprus (13.2%) while Spain, France and Italy led the ranking in absolute terms.

In terms of net receipts to GDP, Germans, Belgians and Norwegians are the biggest "importers" of international travelling within Europe