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Out of all EU nations, Croatia's GDP benefited from travel and tourism the most in 2022

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Out of all EU nations, Croatia's GDP benefited from travel and tourism the most in 2022
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Data from Statista show that in 2022, Croatia was the only country in the EU where the travel and tourism sector's GDP contribution not only recovered but actually increased. According to EU Helpers, this industry contributed close to 26% of Croatia's GDP.

Following closely behind, Portugal and Greece also placed well in 2022, with travel and tourism accounting for 15.8% and 18.5% of their respective GDPs, respectively. Many European economies depend heavily on the travel and tourism industry, with Greece, Portugal, and Spain being particularly dependent on it.

Despite the fact that the travel and tourist industry makes up less than 8% of the GDP in the majority of European Union members, several countries stand out.

For instance, Spain witnessed a significant proportion of 13.6% in 2022, a minor decline from 14.1% in 2019. Malta and Cyprus made substantial contributions as well, with respective percentages of 12.6% and 15.7% in 2022 compared to 12.6% and 13.7% in 2019. Italy's share remained comparatively constant, falling to 10.2% in 2022 from 10.6% in 2019.

Additional nations that made significant contributions were Austria, the United Kingdom, the Netherlands, Slovenia, Germany, Estonia, Luxembourg, and France.

Finland, where the travel and tourism sector's contribution to GDP fell from 7.7% in 2019 to 6.6% in 2022, is one of the nations with a sector contribution of less than 8%. Sweden had a decrease as well, going from 7.1% in 2019 to 6.7%. Hungary's share decreased from 8.3% to 6.6%, and Bulgaria's contribution decreased from 9.9% in 2019 to 6.5% in 2022. Similar to this, Latvia's share dropped from 7.6% in 2019 to 6.4%.

Additionally, the GDP contributions of numerous nations, including Denmark, Romania, Belgium, Slovakia, Lithuania, Czech Republic, Poland, and Ireland, were all less than 6% in 2022.

Ireland contributed only 3% of the EU's GDP, which was the lowest percentage.

In Central Europe, Austria stands out with a contribution of 9.5% in 2022, down from 10.8% in 2019, and Estonia stands out among the Baltic nations with a contribution of 8.7% in 2022, down from 12.3% in 2019.

In 2019, the GDP of Europe was over €1,981.23 billion, but by 2022, this amount had decreased to €1,838.65 billion. In the same vein, the contribution in the UK was €235.59 billion in 2019 and €224.78 billion in 2022.


 

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