Tourism
Economic impact
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Weight of international tourism revenue
2019
In GDP
8,6%
4º highest in Eurozone
0,3 p.p Change 19/18
2,2 p.p Change 19/15
In Global Exports
19,7%
0,7 p.p Change 19/18
4,0 p.p Change 19/15
In Export of Services
52,3%
1,1 p.p Change 19/18
5,7 p.p Change 19/15
In Exports of goods
31,7%
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 2019
Tourism balance (€ million)
Balance of the tourist trade balance of the countries of the European Union
2019
15,4% of the GDP
8,5% of the national GVA
9,4% of the national employment
Fonte: INE, I.P.
#12 / 141 countries
#6 / UE28
Tourism Competitiveness
Travel & Tourism Competitiveness Report 2019
Portugal stands out in:
- Infrastructures: Tourist Services Infrastructures (#1)
- Environmental Capacity: Safety and Security (#9)
- Tourism: Prioritizing Travel and Tourism (#12)
- Natural and Cultural Resources: Cultural Resources and Business Travel (#15)
General characterisation of tourism
2019
Source: Bank of Portugal
Companies
2018
64 871
2019
70 032
Source: Bank of Portugal
Turnover
2018
26 069,4 M€
2019
27 950 M€
Source: Bank of Portugal
People employed
2018
338 174
2019
363 684
Source: Bank of Portugal
Distribution by company size
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
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
7,21%
2019
9,6%
2018
Transport and logistics
3,62%
2019
10,54%
2018
Accommodation and catering
9,83%
2019
8,87%
2018
Recreational and cultural activities
8,38%
2019
9,44%
2018
EBITDA
annual rate of change
Tourism Sector
-1,71%
2019
1,91%
2018
Transport and logistics
-10,91%
2019
-3,06%
2018
Accommodation and catering
5,15%
2019
6,44%
2018
Recreational and cultural activities
12,56%
2019
7,51%
2018
Return on equity
Tourism Sector
7,05%
2019
9,51%
2018
Transport and logistics
8,3%
2019
13,83%
2018
Accommodation and catering
6,57%
2019
7,88%
2018
Recreational and cultural activities
6,42%
2019
5,31%
2018
Financial autonomy
Tourism Sector
30,45%
2019
29,76%
2018
Transport and logistics
26,23%
2019
28,16%
2018
Accommodation and catering
32,94%
2019
30,66%
2018
Recreational and cultural activities
30,03%
2019
29,99%
2018
Source: Bank of Portugal
