Spain surpasses Germany in Tax Free spending and luxury grows by 164%

12-07-24

Spain has reached the third place in 'tax free' spending in Europe, surpassing Germany and being only behind France and Italy, which lead with 27% each. According to the report "The Elite Tourist" by Global Blue for Círculo Fortuny, the luxury sector in Spain has experienced a 164% growth in 'tax free' spending in the last 12 months, compared to the same period in 2019.

Luxury in Spain accounts for 50% of total 'tax free' spending, although it still lags behind France and Italy, where luxury reaches 75%. To close this gap, the report suggests that Spain needs to increase the average spend per person on 'tax free' shopping, which currently stands at €1,150, compared to the EU average of almost €2,000.