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GVA and Tourism consumption surpassed pre pandemic levels
Tourism satellite account for Portugal
GVA and Tourism consumption surpassed pre pandemic levels - 2022
28 June 2023

Summary

In 2022, there was a nominal increase of 72.7% in the Gross Added Value generated by Tourism (GVAGT) compared to 2021, according to the preliminary estimate of the Tourism Satellite Account. GVAGT represented 8.9% of the national GVA (5.7% in 2021), surpassing the levels of 2019, when it accounted for 8.1% of the national GVA.

Tourism Consumption in the Economic Territory (TCET) was equivalent to 15.8% of the national GDP (9.8% in 2021), also above 2019 levels, when it represented 15.3% of GDP.

Applying the 2017 Integrated System of Symmetric Input-Output Tables to the main results of the Tourism Satellite Account (TSA) it is estimated that the tourism activity has generated a direct and indirect contribution of 29.2 billion euros to GDP in 2022, which corresponds to 12.2% (7.8% in 2021 and 6.6% in 2020).


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