Tourism drives Spain's economic growth in 2024

21-11-24

The Spanish tourism sector has proven to be a fundamental pillar in the country's economic recovery during 2024. According to data presented by Óscar Perelli, director of Exceltur's Studies and Research Area, at the conference 'Horeca Day: Perspectives 2025' organized by Aecoc, tourism has contributed 30% to the increase in the national Gross Domestic Product (GDP) this year.

Perelli stressed that “2024 will be a good year for tourism. After a few dramatic years due to the pandemic, the sector has shown exceptional resilience”. According to Exceltur's economic activity indicator, tourism will close the year with a growth of 6.3% in real terms, while the Spanish economy will grow by around 2%. This implies that tourism will grow three times more than the economy, contributing 30% to national economic growth.