Tourism will contribute 200 billion euros to the Spanish economy in 2024
19-04-24
The Spanish tourism sector has established itself as the main driver of the national economy in 2024, standing out as a year of exceptional growth. With a forecast increase of 8.6% in current terms over 2023 levels, the tourism Gross Domestic Product (GDP) is expected to exceed, for the first time, the historical figure of 200 billion euros. This robust expansion of the tourism sector represents real growth of 4.6%, a figure that is almost three times the growth forecast by the Bank of Spain for the economy as a whole, which is 1.9%.
According to the latest report by the Alliance for Excellence in Tourism (Exceltur), tourism will be responsible for more than a third (35.4%) of Spanish economic growth in 2024. This dynamism is attributed to several factors, including the increase in the number of international visitors and tourism spending, reflecting Spain's ability to attract tourism despite global challenges.