What percentage of European economy is tourism?
The average for 2018 based on 22 countries was 5.7 percent. The highest value was in Croatia: 18.44 percent and the lowest value was in Germany: 1.5 percent.
What is Europe’s economy based on?
Europe, much like the United States, is a free market economy based on the movement of capital. The economy of Europe has a GDP (Gross Domestic Product) of around 20 trillion US dollars, and includes more than 700 million people in almost 50 different countries.
Does Europe depend on tourism?
Some countries in Europe — Greece, Spain and Portugal, for example — rely on tourism to boost economic growth with the prosperity of thousands of businesses, livelihoods and communities tied to the success or failure of the season.
What is the economy of Mediterranean Europe based on?
The Mediterranean region attracts over 340 million visitors every year1, accounting for around a third of all global tourism. Other key economic sectors include fisheries, aquaculture, maritime transport, and oil and gas extraction.