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GVA Generated by Tourism (GVAGT) and Tourism Consumption in the Economic Territory decelerated in 2024, but grew slightly above the national economy
Tourism satellite account for Portugal
GVA Generated by Tourism (GVAGT) and Tourism Consumption in the Economic Territory decelerated in 2024, but grew slightly above the national economy - 2024
01 August 2025

Summary

In 2024, the Direct Gross Value Added Generated by Tourism (GVAGT) and Tourism Consumption in the Economic Territory (TCET) registered nominal increases of 6.5%, revealing a slightly higher dynamism than the national economy (national GVA and GDP grew 6.2% and 6.4%, respectively).

GVAGT represented 8.1% of the national GVA, in 2024, and TCET was equivalent to 16.6% of national GDP, maintaining the historical hights records.

Applying the Integrated System of Symmetric Input-Output Tables (SIOT) to the main results of the Tourism Satellite Account, it is estimated that tourism activity generated a total contribution (direct and indirect) of 34 thousand million euro to GDP in 2024, corresponding to 11.9% (12.0% in 2023 and 11.2% in 2022). These results reflect a contribution of 0.3 percentage points (p.p.) to real GDP growth in 2024 (1.9%).

Between 2021 and 2022, employment in tourism-characteristic activities, measured in full-time equivalent (FTE), registered significant growth (14.2%), above that observed in the national economy (5.7%), representing 9.8% of total employment in the national economy (9.0% in 2021).

Compensation of employees in tourism-characteristic activities represented 8.4% of total compensation of employees in national economy, and the average compensation per worker in these activities corresponded to 91.1% of the national average.


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