Spain: Catalonia's tourism economic pillar and the risks of its management

20-08-24

Tourism has established itself as a fundamental pillar of Barcelona's economy, ranking as the third most important source of revenue for the city, surpassed only by Real Estate Tax (IBI) and capital gains. 

In 2023, tourists left Barcelona an impressive total of €9.6 billion, representing more than double the municipal budget and contributing to 15% of employment in the city, generating 130,000 jobs. At the regional level, the impact is even more significant: Catalonia as a whole earned tourism revenues of €20,878 million, 26.7% more than in 2022, consolidating tourism as 12% of Gross Domestic Product (GDP) and 14% of employment.

In 2023, Catalonia reached a record 21.2 million visitors, a figure that could be surpassed this year. This tourism boom has boosted job creation, with one in four new jobs in the region linked to the sector.