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Tourism contributes €3.5 billion to economy in 2016
© InCyprus | Tourism contributes €3.5 billion to economy in 2016

It is a well-known fact that tourism is a significant contributor to the island’s economy, with tourism in 2015 collecting €3.4 billion in revenue, which corresponds to 19.3% of GDP in 2015. The increase in tourist arrivals in 2016 has translated into a 4.4% increase in revenue from tourism, or a total of €3.5 billion(19.9% of GDP). In addition, future projections for tourism are positive: a 3.6% annual increase is expected until 2026, for total collected revenue of €5 billion,….. Read More On: InCyprus

Article Source: InCyprus
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