By L. Karageorgos
Greece’s all-important tourism sector is growing three and a half times faster than the still low single-digit Greek economy, according to a new study by the World Travel & Tourism Council (WTTC).
The study also notes that the tourism sector in the east Mediterranean country accounts for a whopping one million job spots, in a total population of 11 million.
Specifically, the tourism and travel sector in Greece grew by 6.9 percent in 2018, compared to the previous year, significantly exceeding the roughly 2 percent GDP growth rate posted by the national economy.
Moreover, WTTC reported that the holiday industry in Greece corresponds to one-fifth of the country’s GDP (20.6 percent), double the global average (10.4 percent). In absolute terms, travel and tourism revenues in the country reached 37.5 billion euros in 2018.