Tourism
Economic impact
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Weight of international tourism revenue
2022
In GDP
8,7%
4º highest in Eurozone
0,3 p.p Change 19/18
2,2 p.p Change 19/15
In Global Exports
17,5%
0,7 p.p Change 19/18
4,0 p.p Change 19/15
In Export of Services
47,4%
1,1 p.p Change 19/18
5,7 p.p Change 19/15
In Exports of goods
27,8%
1,3 p.p Change 19/18
2,2 p.p Change 19/15
Source: TravelBI
Tourism as one of the country's largest economic export activities in 2022
Tourism balance (billion €)
Balance of the tourist trade balance of the countries of the European Union
2022
15,8% of the GDP
12% of the national GVA
7,6% of the national employment
Fonte: INE, I.P.
#16 / 117 countries
#7 / UE27
Tourism Competitiveness
Travel & Tourism Development Index 2021
Portugal stands out in:
- Tourism Services Infrastructure (#2)
- Enabling Environment: Safety and Security (#11)
- Enabling Environment: Health and Hygiene (#14)
- Sustainability: Socioeconomic Resilience and Conditions (#17)
- Policies and Conditions Favorable to Travel and Tourism: International Openness (#19)
General characterisation of tourism
2021
Source: Bank of Portugal
Companies
2020
73 911
2021
74 560
Source: Bank of Portugal
Turnover
2020
14 642 M€
2021
18 774 M€
Source: Bank of Portugal
People employed
2020
338 702
2021
333 602
Source: Bank of Portugal
Distribution by company size
2021
Number of companies
- Micro enterprises
- Small enterprises
- Medium-sized enterprises
- Large enterprises
Turnover
- Micro enterprises
- Small enterprises
- Medium-sized enterprises
- Large enterprises
Number of people employed
- Micro enterprises
- Small enterprises
- Medium-sized enterprises
- Large enterprises
Distribution by economic activity
2021
Number of companies
- Transport and logistics
- Alojamento e restauração
- Recreational and cultural activities
Turnover
- Transport and logistics
- Accommodation and catering
- Recreational and cultural activities
Number of people employed
- Transport and logistics
- Accommodation and catering
- Recreational and cultural activities
Distribution by time of activity
Number of companies
- Up to 5 years
- 6 to 10 years
- 11 to 20 years
- More than 20 years
Turnover
- Up to 5 years
- 6 to 10 years
- 11 to 20 years
- More than 20 years
Number of people employed
- Up to 5 years
- 6 to 10 years
- 11 to 20 years
- More than 20 years
Source: Bank of Portugal
Evolution of economic and financial indicators
Turnover
(annual rate of change)
Tourism Sector
28,22%
2021
-47,72%
2020
Transport and logistics
21,23%
2021
-45,17%
2020
Accommodation and catering
30,08%
2021
-42,98%
2020
Recreational and cultural activities
47,11%
2021
-68,45%
2020
EBITDA
annual rate of change
Tourism Sector
192,6%
2021
-134,61%
2020
Transport and logistics
32,1%
2021
-137,02%
2020
Accommodation and catering
340,37%
2021
-132,91%
2020
Recreational and cultural activities
221,77%
2021
-132,59%
2020
Return on equity
Tourism Sector
-8,93%
2021
-31,94
2020
Transport and logistics
-41,88
2021
-78,57
2020
Accommodation and catering
1,56%
2021
-20,57%
2020
Recreational and cultural activities
-6,4%
2021
-24,76%
2020
Financial autonomy
Tourism Sector
27,5%
2021
24,7%
2020
Transport and logistics
20,87%
2021
14,7%
2020
Accommodation and catering
30,81%
2021
29,89%
2020
Recreational and cultural activities
26,73%
2021
25,97%
2020
Source: Bank of Portugal
