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Greece: 2021 Annual Research: Key Highlights

Greece's travel and tourism sector saw major declines in 2020 due to the COVID-19 pandemic. Travel and tourism directly contributed 20.3% of Greece's GDP in 2019 but only 8.7% in 2020, with the sector's GDP declining 61.1%. Travel and tourism also supported 824,700 jobs (21.1% of total employment) in 2019 compared to just 759,300 jobs (19.8% of total employment) in 2020, a loss of 65,400 jobs or 7.9%. International visitor spending in Greece dropped 76.9% in 2020 while domestic visitor spending fell 42.3%. Germany and Bulgaria were the top countries of origin for visitors to Greece in both 2019 and

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838 views2 pages

Greece: 2021 Annual Research: Key Highlights

Greece's travel and tourism sector saw major declines in 2020 due to the COVID-19 pandemic. Travel and tourism directly contributed 20.3% of Greece's GDP in 2019 but only 8.7% in 2020, with the sector's GDP declining 61.1%. Travel and tourism also supported 824,700 jobs (21.1% of total employment) in 2019 compared to just 759,300 jobs (19.8% of total employment) in 2020, a loss of 65,400 jobs or 7.9%. International visitor spending in Greece dropped 76.9% in 2020 while domestic visitor spending fell 42.3%. Germany and Bulgaria were the top countries of origin for visitors to Greece in both 2019 and

Uploaded by

Tatiana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GREECE

2021 Annual Research: Key Highlights1

Global Data

Total GDP contribution: Total Travel & Tourism jobs:


2019 2020 2019 2020

10.4% 5.5% 334 MN 272 MN


USD 9,170 BN USD 4,671 BN = 1 in 10 jobs =1 in 11 jobs

Total Travel & Tourism GDP change in 2020: 1 in 4 net new jobs Change in Jobs in 20202
were created by Travel &
-49.1% =USD -4,498 BN Tourism during 2014-2019
Global Economy GDP change: -61.6 MN
-3.7% -18.5%

Greece Key Data


2019 2020

Total contribution of Travel & Tourism to GDP:


-61.1%
20.3% of Total
Economy 8.7% of Total
Economy
Change in Travel
& Tourism GDP
vs -9.7% real
Total T&T GDP = EUR38.1BN
Total T&T GDP = EUR14.8BN (USD16.9BN) economy GDP
(USD43.5BN) change

2
Change in jobs :
Total contribution of Travel & Tourism to Employment:

824.7 759.3 -7.9%


Jobs (000s) Jobs (000s) -65.4 (000s)
(21.1 % of total employment) (19.8 % of total employment)

Change in
international visitor
Visitor Impact spend:
International:

EUR 20.3 BN EUR 4.7 BN -76.9%


Visitor spend Visitor spend -USD 17.8 BN
26.9% of total exports (USD23.2BN) 9.3% of total exports (USD5.4BN)

Domestic: Change in domestic


visitor spend:
EUR 9.7 BN EUR 5.6 BN
Visitor spend Visitor spend -42.3%
(USD 11.1BN) (USD 6.4BN) -USD 4.7 BN
GREECE
2021 Annual Research: Key Highlights1

Greece Sector Characteristics

Domestic vs International Spending:

Domestic Spending: Domestic Spending:


USD 11.1BN (32%) USD 6.4BN (54%)
2019 International Spending: 2020 International Spending:
USD 23.2BN (68%) USD 5.4BN (46%)

Leisure vs Business Spending:

Leisure Spending: Leisure Spending:


2019 USD 32.5BN (95%) 2020 USD 11.4BN (96%)

Business Spending: Business Spending:


USD 1.9BN (5%) USD 0.4BN (4%)

3 3
Inbound Arrivals : Outbound Departures :

2019 2020 2019 2020


1. Germany 13% 1. Germany 16% 1. Turkey 18% 1. Bulgaria 14%
2. Bulgaria 12% 2. United Kingdom 12% 2. Bulgaria 13% 2. Albania 13%
3. United Kingdom 11% 3. Bulgaria 10% 3. Albania 11% 3. Italy 12%
4. Italy 5% 4. Italy 6% 4. Italy 7% 4. Turkey 10%
5. France 5% 5. France 5% 5. United Kingdom 5% 5. France 7%

Rest of world 54% Rest of world 51% Rest of world 46% Rest of world 44%

1. All values are in constant 2020 prices & exchange rates. As reported in March 2021
2. Where the country or region has implemented job support schemes and supported jobs are still recorded as employment by national statistical authorities, job losses
exclude those supported jobs (where known)
3. Source: Oxford Economics, national sources and UNWTO

WTTC
Strategic
Partners:

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