According to data from the Bank of Greece, travel receipts skyrocketed to 20.5 billion euros in 2023, affirming that Greek tourism reached new heights, surpassing the record set in 2019.
Specifically, travel receipts amounted to 20.459 billion euros, approximately 12.7% higher than the 18.151 billion euros in 2019. Encouragingly, there are positive signs from off-season revenues. Tourism receipts for December of last year reached 344.2 million euros compared to 288.9 million euros in 2019, marking an increase of 19.1%. It’s also worth noting that in 2022, tourism revenue was 17.6 billion euros.
As per the Hellenic Statistical Authority (ELSTAT), compared to December 2022, non-resident traveler arrivals increased by 32.0% in December, while related receipts surged by 41.5%. For the 12 months of January-December, non-resident traveler arrivals rose by 17.6%, with related receipts increasing by 15.7%.
A significant reduction was recorded in December, as well as for the entirety of 2023, in the current account deficit, mainly due to the improvement in the balances of goods, services, and secondary incomes, partially offset by the deterioration of the primary income balance.
Specifically, according to data released by the Bank of Greece, in December 2023, the current account deficit decreased by 459.8 million euros compared to December 2022, reaching 2.2 billion euros.
Source: tovima.com
Latest News
ELSTAT: Building Permits Increased by 40.1% in Greece
Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume
Greek Economy: Bankers’ Insights on Investments and Reforms
He also noted that the Recovery and Resilience Fund has seen over 50% of its funds absorbed, with more than 20% having been directed into the real economy.
Greece: Airbnb Occupancy Hits 40% in June
This growth, averaging about 20,000 new units per month, pushed the total number of accommodations to 224,860 by June, up from 204,578 the previous year.
Fraport: Greece’s Regional Airports See 5.9% June Surge
Overall, during the first half of 2024, Fraport Greece's airports achieved remarkable results, handling more than 12.7 million passengers, a 7.8% increase compared to 2023.
SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece
Greece spends 70% less than the European average on pharmaceuticals, and Greek patients face significant challenges accessing pharmaceutical drugs and treatments that are available in the country
Attica Bank: Merger Process With Pancreta Commences
A relevant announcement said the merger with Pancreta is expected to be completed by mid September
Crete’s Heraklion Port Concession Deal Approved
Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros
Santorini Warning of Cruise Passenger Influx Causes Uproar
A Santorini councilman urged locals to stay put and limit their activities during the arrival of cruise ships due to overtourism
European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF
The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan
Greek Tourism: Projects Shaping the Landscape
In Vonitsa, Aetolia-Acarnania, the Varko Bay resort is emerging as the first ultra-luxury retreat by Banyan Tree in Europe