How much money does Italy make from tourism?

In 2020, the share of GDP generated by tourism in Italy was seven percent, while it peaked at 13.1 percent in 2019. Overall, the total contribution of travel and tourism to GDP in Italy amounted to nearly 116 billion euros in 2020.

How much is the tourism industry worth in Italy?

Tourism Revenues in Italy averaged 2515.06 EUR Million from 1995 until 2022, reaching an all time high of 6023.37 EUR Million in July of 2019 and a record low of 311.80 EUR Million in April of 2020.

What percentage of Italy’s GDP is tourism?

13.3 %
Italy – Contribution of travel and tourism to GDP as a share of GDP. In 2019, contribution of travel and tourism to GDP (% of GDP) for Italy was 13.3 %. Contribution of travel and tourism to GDP (% of GDP) of Italy increased from 13.3 % in 2000 to 13.3 % in 2019 growing at an average annual rate of 0.08%.

How big is the tourism industry in Italy?

Tourism in Italy is one of the economic sectors of the country. With 94 million tourists per year (2018) according to ENIT, Italy is the fifth most visited country in international tourism arrivals, with 217.7 million foreign visitor nights spent and a total of 432.6 million visitors.

Which country visits Italy the most?

Overall, France recorded the highest figure in 2020, with around 6.3 million arrivals. However, 13 million French travelers visited Italy in 2019.

Is Italy dependent on tourism?

In 2020, travel and tourism, one of the most important industries for the country’s economy, contributed nearly 116 billion euros to the Italian GDP, decreasing from over 236 billion euros in 2019.

How much of Venice GDP is tourism?

The tourism industry is the main source of income for Venice (PBS NewsHour, 2017). And its contribution to the overall GDP of the city is 11,6% with generated €3 billion in 2016 alone (World Travel & Tourism Council, 2017).

What is the biggest industry in Italy?

Tourism. Tourism is currently the biggest industry in the Italian economy. It is a major source of foreign exchange. The larger cities, such as Venice and Rome, have many tourist attractions that attract huge numbers of tourists to the country each year.

What is the main source of income in Italy?

Italy Economy Overview. Italy is the world’s ninth biggest economy. Its economic structure relies mainly on services and manufacturing. The services sector accounts for almost three quarters of total GDP and employs around 65% of the country’s total employed people.

Which nationality visits Italy the most?

In 2017, most international tourists visiting Italy came from Germany (28.2 percent of the total international arrivals). Moreover, a consistent amount of international tourists also came from France (6.5 percent), the United Kingdom (6.3 percent) and the USA (6.0 percent).