According to Eco, directly and indirectly, tourism activity in Portugal generated a contribution of 33.8 billion euros to GDP last year, a value that corresponds to 12.7%.
Tourism reached historic highs last year and contributed to "about half of the real growth of the Gross Domestic Product (GDP)." Tourism activity generated a direct and indirect contribution of 33.8 billion euros to GDP in 2023, which corresponds to 12.7%.
"Tourism GDP increased by 15.2% in nominal terms compared to 2022 and 33.1% compared to the pre-pandemic period (2019)," states the National Institute of Statistics (INE) in a report published this Thursday. According to the statistics office's calculations, tourism contributed 1.1 percentage points to the real GDP growth in 2023, which was 2.3%.
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