Tourism contribution to 2014 GDP stands at 20.5 pct, SETE head says
Tourism contribution to the Greek Gross Domestic Product (GDP) has increased as a result of the performance of the sector this year, the head of the Association of Greek Tourism Enterprises (SETE) Andreas Andreadis said in his address at SETE conference on "Greece's strategic advantages: investments and growth."
According to Andreadis, the direct and indirect contribution of tourism to the real economy stands at 20.5 percent of GDP or 37.6 billion euros, based on a 2.2 multiplier that IOBE research institute estimated in 2012.
Andreadis noted that in 2014 direct and indirect revenues for the Greek tourism will amount to 14 billion euros and to 17 billion euros, including those from air and maritime transport and internal tourism.
He stressed that if the multipliers of KEPE institute on the allocation of tourism spending are adopted, then the relevant contribution rises to 45.3 billion euros or 24.7 percent of GDP.
He also said that big municipalities and regions were called to assume a significant role, by facilitating the initiatives of the private sector and aiming for the development and the showcasing of each region's special characteristics.
On his part, Athens mayor Giorgos Kaminis praised the Greek capital's tourism performance this year and noted that the aim is for Athens to evolve to a capital with new production structures and robust economy. Tourism remains the central pillar of the municipality's growth strategy, he added.
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