Portugal experienced a recovery of over 30 percent in the total travel and tourism contribution to its gross domestic product (GDP) in 2021, after a strong drop due to the coronavirus (COVID-19) pandemic. Prior to this crisis, this sector represented over 40 billion U.S. dollars of the Portuguese economy. By 2024, more than 58 billion U.S. dollars were forecasted as contribution to the country's GDP. Tourism spending in Portugal In 2023, Portugal's tourism services generated a sales revenue close to 38.9 billion euros, signalizing the post-pandemic recovery for this sector, which began in the previous year. Furthermore, inbound tourism expenditures in the Iberian country for the same year reached 25 billion euros, representing an increase from the previous year. How many travelers make their way to Portugal each year? From 2022 to 2024, Portugal witnessed a remarkable increase in the number of international overnight visitors, with the figure reaching 56 million in the latter year – more than in 2019. The recovery of the Portuguese tourism sector from the coronavirus (COVID-19) pandemic can also be seen in monthly development. While in 2020 and 2021, the usual influx of foreign guests in Portuguese accommodation establishments during the summer season was affected by the global health crisis, the country saw a return to normality in 2022, with August reaching the annual peak of 1.96 million travelers, which rose to 2.27 million by 2024.

Tourism Revenues in Portugal decreased to 3212.76 EUR Million in September from 4349.81 EUR Million in August of 2025. This dataset provides - Portugal Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Portugal: International tourism revenue, percent of GDP: The latest value from 2020 is 4.58 percent, a decline from 10.24 percent in 2019. In comparison, the world average is 3.33 percent, based on data from 125 countries. Historically, the average for Portugal from 1995 to 2020 is 6.07 percent. The minimum value, 4.54 percent, was reached in 1996 while the maximum of 10.24 percent was recorded in 2019.

In 2023, the share of travel and tourism's total contribution to GDP in European Union member countries and the United Kingdom remained in most cases below the figures reported before the COVID-19 pandemic, but showed strong signs of recovery. Overall, Croatia was the EU country where travel and tourism contributed the highest share of gross domestic product in 2023. That year, these industries generated, directly and indirectly, nearly ** percent of the country's GDP. Portugal and Greece followed in the ranking in 2023, with travel and tourism representing **** percent and **** percent of GDP, respectively.

The tourism sector GDP share in Portugal was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to ***** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

Monthly and long-term Portugal economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

In 2024, international tourists in Portugal spent approximately 56.5 million nights at accommodation establishments. 2021 registered an increase of 53 percent of overnight stays by inbound visitors over the previous year. In 2020, the number of overnight stays by foreign visitors in the European country had dropped to only 12.2 million due to the coronavirus (COVID-19) pandemic.

Portugal GDP Deflator: Imports: GS: Tourism & Other Services data was reported at 1.054 2016=1 in 2020. This records a decrease from the previous number of 1.060 2016=1 for 2019. Portugal GDP Deflator: Imports: GS: Tourism & Other Services data is updated yearly, averaging 0.737 2016=1 from Dec 1977 (Median) to 2020, with 44 observations. The data reached an all-time high of 1.060 2016=1 in 2019 and a record low of 0.088 2016=1 in 1977. Portugal GDP Deflator: Imports: GS: Tourism & Other Services data remains active status in CEIC and is reported by Banco de Portugal. The data is categorized under Global Database’s Portugal – Table PT.A017: ESA 2010: GDP Deflator: 2016=1.

In Portugal, leisure travel accounted for the highest share of travel and tourism spending in 2020. That year, expenditure on leisure trips accounted for 87 percent of total tourism spending, denoting a slight increase over the previous year.

After a steep decline in the number of international visitors arriving to Portugal during the coronavirus pandemic (COVID-19), 2022 recorded similar values to the pre-pandemic times. Lisbon was the most visited Portuguese region by international travelers in the same year, having received a total of *** million overnight visitors. In 2023, the number of international tourists in the country was even higher. Lisbon received almost *** million foreign guests. The Algarve – the Southern-most region in the European country – ranked second, with *** million tourists from other nations. Spanish visitors dominated, but the Algarve was mainly for the British International tourists in Portugal mostly originated from European countries. The United Kingdom recorded the highest number of travelers visiting Portugal in 2024, reaching the benchmark of almost *** million. Spain accounted for over **** million visitors to Portugal, ******* of whom selecting the Algarve as destination. This southern region of the country received, in 2024, *** million British tourists, who were only surpassed in number by Portuguese visitors. Travel and tourism had an undeniable economic impact The great influx of tourists in Portugal had a considerable economic impact in the country. As of 2024, the travel and tourism sector contributed with **** billion U. S. dollars to the gross domestic product of Portugal, which surpasses 2019 values. In terms of sales revenue, the sector presents a rising tendency. The year 2019 registered ** billion euros in sales revenue, which were topped in 2023. During this year, almost ** billion euros were generated in sales of tourism services.

In Portugal, international tourists contributed to the highest share of total travel and tourism spending in the past years. In 2021, for instance, expenditure of international tourists represented 58 percent of total spending. Overall, as the coronavirus (COVID-19) pandemic disrupted international travel more than domestic travel, the contribution of domestic tourists to total tourism expenditure rose significantly in 2020 over the previous year. By 2023, international tourists recovered their dominance of expenditure in Portugal, with over 63 percent, while nationals stayed at 37 percent.

Hotels and short-term accommodation providers in Europe enjoy strong demand due to the continent’s well-developed tourism sector and significant number of holiday destinations that cater to various consumer needs. European residents often holiday domestically or go on trips to other European countries due to how quick and easy it is to travel to them. Rising domestic and international tourism has fuelled accommodation demand across the continent, though companies have faced strong competition from short-term lets. Revenue is slated to inch downward at a compound annual rate of 0.1% over the five years through 2025 to €202.8 billion, including an expected 0.2% drop in 2025. Despite the numerous popular holiday spots spread across Europe, including Spain, Italy and France, hotels and other holiday accommodation providers weren’t prepared for the catastrophic drop in tourism caused by the COVID-19 pandemic in 2020. The easing of travel restrictions in 2021 and 2022 drove revenue back up, supported mostly by heightened domestic tourism due to heightened consumer confidence and a trend towards staycations. International travel recovered and drove up occupancy rates and RevPAR, especially in the upscale and luxury segments. Since 2022, though, severe inflation and heightened economic and geopolitical uncertainty have squeezed consumers’ budgets, limiting spending on holidays. European hotels and short-term accommodation providers face intense competition, putting pressure on prices and RevPAR. The popularity of online booking platforms like Airbnb has played a big part in increasing competitive pressures. To attract potential guests, accommodation providers are adopting dynamic pricing strategies and investing in enhancing the customer experience through innovation and differentiation. The use of advanced technology and the wellness tourism trend have shaped the industry’s focus. Nonetheless, intense competition and elevated operating costs like rent, purchases and wages have constrained profit. Revenue is forecast to swell at a compound annual rate of 2.5% over the five years through 2030 to €229.3 billion. A mounting number of international guests and strong demand for domestic holidays will drive growth. Climbing disposable income and wealthy international tourists flocking to European destinations is set to stimulate spending on upscale hotels and holiday accommodation. Regulatory crackdowns on short-term rentals in many European countries may ease competitive pressures, while escalating consumer demand for sustainable travel is driving providers to adapt. Innovation, sustainability and guest-centric strategies will be key to capturing market share and responding to evolving traveller expectations.

More than 30.8 million arrivals were recorded at accommodation establishments in Portugal in 2023. This figure surpassed the pre-pandemic values of 2019 and was the highest ever recorded. Tourism development in Portugal The tourism industry makes a significant contribution to Portugal’s economy. As the country came out of recession and tourism began to increase, the Portuguese government launched a ten-year plan to boost the number of overnight stays by 2027. Although figures showed a positive trend in both international and domestic tourism annually, there were still challenges that needed to be surpassed. For instance, arrivals from the United Kingdom, Portugal’s main travel market before Brexit, slowed down due to this political event, giving rise to Spain as the main tourist partner of Portugal. Portugal’s popularity From a tourism perspective, Portugal benefits from both urban and resort destinations. Tourism demand is highest in the city destinations of Lisbon and Porto, plus coastal destinations such as the Algarve and the island of Madeira. However, occupancy rates in Lisbon and Porto did not rank among the leading ten for city destinations in Europe as of 2022.

In 2024, Ibis was the largest low-cost hotel brand in Portugal, with a total of nearly ****** rooms. B&B Hotels ranked second that year, with more than ***** rooms. Holiday Inn Express was place third, with *** hotel rooms.

国内生产总值平减指数：进口：GS：旅游及其他服务在12-01-2020达1.0542016=1，相较于12-01-2019的1.0602016=1有所下降。国内生产总值平减指数：进口：GS：旅游及其他服务数据按年更新，12-01-1977至12-01-2020期间平均值为0.7372016=1，共44份观测结果。该数据的历史最高值出现于12-01-2019，达1.0602016=1，而历史最低值则出现于12-01-1977，为0.0882016=1。CEIC提供的国内生产总值平减指数：进口：GS：旅游及其他服务数据处于定期更新的状态，数据来源于Banco de Portugal，数据归类于全球数据库的葡萄牙 – Table PT.A017: ESA 2010: GDP Deflator: 2016=1。

With a Gross Domestic Product of over 4.3 trillion Euros, the German economy was by far the largest in Europe in 2024. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 7.4 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.95 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.