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Pandemic caused significant drop in gross value added across the EU

Data

19 September 2024

Pandemic caused significant drop in gross value added across the EU

Adventure tourism

Coastal, maritime and inland water tourism

Cultural tourism

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The Eurostat article from April 14, 2023, highlights that the EU tourism sector’s gross value added dropped by 32% in 2020 compared to 2019, significantly impacting the economy.

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Eurostat

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Geographical descriptors

Austria

Belgium

Croatia

Czechia

Denmark

Estonia

EU-27

Finland

France

Germany

Iceland

Ireland

Italy

Latvia

Lithuania

Luxembourg

Netherlands

North Macedonia

Portugal

Romania

Slovakia

Slovenia

Spain

Sweden

Switzerland

Organisation Type

Academic / Research and VET Institutions

Company with 250 or more employees

Consumer Organisations

Cultural and Heritage Organisations

Destination Management & Marketing Organisations

EU Institutions

Financial Institutions and Investors

Industry Associations and Chambers of Commerce

International Organisations

Local Authorities

Media / Journalist Organisations

National authorities

Networks and Federations / Confederations

NGOs / Non-profits

Regional Authorities

SMEs (a company with less than 250 employees)

Trade Unions

  • Specific types of tourism

    • Adventure tourism

    • Coastal, maritime and inland water tourism

    • Cultural tourism

    • Ecotourism

    • Education tourism

    • Festival tourism

    • Gastronomy tourism

    • Health and medical tourism

    • MICE tourism

    • Mountain tourism

    • Religious tourism

    • Rural tourism

    • Sports tourism

    • Urban/city tourism

    • Wellness tourism

  • Transition Pathway Strategic Areas

    • Coordinated information on travelling

    • Improving statistics and indicators

    • Innovative tourism services

  • Business activities

    • Activities of amusement parks and theme parks

    • Activities of associations and other organisations supporting tourism

    • Air passenger transport

    • Camping grounds, recreational vehicle parks and trailer parks

    • Events catering and other food services

    • Festivals, cultural and entertainment activities

    • Gardens and nature reserves activities

    • Holiday Housing / Apartments and other short stay accommodation

    • Hotel and similar accommodation

    • Mobile beverage services

    • Mobile food services

    • Museums

    • Operation of historical sites

    • Other

    • Other accommodation

    • Other amusement and recreation activities

    • Other food and beverage services

    • Other holiday reservation services

    • Other tourism transportation activities

    • Rail Passenger transport

    • Recreational and sport activities

    • Restaurants, cafes and bars (Food and Beverage serving activities)

    • Road passenger transport

    • Tour operator activities

    • Travel agency activities

    • Water (sea, coastal and inland) passenger transport

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According to a Eurostat article from April 14, 2023, the tourism sector in 2019, before the pandemic, generated an estimated EUR 572 billion in gross value added, which was 5% of the total gross value added in the EU economy. The highest shares were in Croatia (11%), Portugal (8%), Spain (7%), Italy (6%), and Austria (5%). In 2020, data for around half of the EU countries indicated a EUR 184 billion (32% compared to 2019) decline in total direct gross value added compared to 2019, decreasing the tourism sector’s share in the economy by 1 percentage point. For detailed insights into tourism activity and its economic impact, Eurostat offers an overview of value changes over the years and additional data through Tourism Satellite Accounts (TSA).

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