GREECE: Greek Tourism Growing At High Speed, So Do Tourism Revenues And Employment

Tourism is growing at high speed, says Alpha Bank analysts citing Hellenic Statistical Authority (ELSTAT) data for the January-April 2018 period, while the industrial production index remained steady on an annual basis compared to a 7.1 percent rise in the same period in 2017.

In the same period, the production indexes of 16 of the 24 manufacturing sectors demonstrated a positive annual growth rate, with seven of these surpassing 2010 levels.

Alpha Bank bulletin indicates that the first four months of the year saw an increase in new orders, an a rise in production and employment in manufacturing production.

At the same time, a high percentage of respondents to the bank’s survey predicted an increase in production over the next 12 months, reflecting an overall improvement in economic conditions and in view of increasing orders.

Meanwhile, trade, tourism and transport contributed to Greece’s GDP and 0.6 percentage points to GVA, with tourism also supporting retail trade in a period of weak domestic consumer spending.

According to the bank’s analysts, industry, trade, tourism and the wider public sector have contributed positively to employment.

The report says, in 2017 the civil service accounted for over 26.1 thousand new employees, followed by trade at 21.3 thousand, industry at 16.1 thousand and tourism at 9.5 thousand.

According to ELSTAT data, the upward trend continued in the first four months of 2018 y-o-y to 64.5 thousand people.

Foreign tourist arrivals in Greece rose by 11.1 percent year-on-year to 1.058 million in April 2018.

Tourist Arrivals in Greece averaged 1084733.93 persons from 2007 until 2018, reaching an all time high of 3491724 persons in July of 2017 and a record low of 140107 persons in February of 2013.

Greece is a beautiful European country with a rich history that has enticed and drawn visitors from around the world to its shores for years.

With exquisite architecture, including centuries-old ruins, wonderful beaches, museums, food, and culture, it’s no wonder it’s a dream vacation for any traveler.

Before you live that dream, however, here are a few rules, no-nos and cultural etiquette things to know before going to Greece.

You might look hot in those six-inch stilettos, but don’t wear them when touring around the ancient historical sites of Greece.

The government has actually banned this, as the spiky heels could cause damage to the ancient areas.

The Director of Greek Prehistoric and Classical Antiquities explained: Female visitors must wear shoes that do not wound the monuments. These monuments have a skin that suffers and people must realize that.


Tourism Observer