x

Economy

Over 26.4 Mln Tourists Visited Greece in the Period Jan-Oct

December 22, 2022

ATHENS – The balance of travel services in October 2022 showed a surplus of 1,308.2 million euros, up from a surplus of 1,132.8 million euros in October 2021, the Bank of Greece said in a press release on Thursday.

More specifically, travel receipts in October 2022 rose by 16.7% to 1,510.4 million euros, from 1,294.3 million euros in October 2021, while travel payments also increased by 25.2% (October 2022: 202.2 million euros, October 2021: 161.5 million euros). The rise in travel receipts was due to a 28.6% increase in inbound traveller flows, as average expenditure per trip declined by 9.8%. Net receipts from travel services offset 32.1% of the goods deficit and contributed 84.3% to total net receipts from services.

In January-October 2022, the balance of travel services showed a surplus of 15,436.4 million euros, up from a surplus of 9,161.9 million euros in the same period of 2021. Travel receipts rose by 7,069.2 million euros, or 70.4%, to 17,114.8 million euros, while travel payments also increased by 794.7 million euros, or 89.9%, to 1,678.4 million euros. The rise in travel receipts stemmed from a 92.1% increase in inbound traveller flows, as average expenditure per trip declined by 11.8%. Net travel receipts offset 47.9% of the goods deficit and contributed 82.5% to total net receipts from services.

Travel receipts

In October 2022, as previously mentioned, travel receipts rose by 16.7% year-on-year. In more detail, receipts from residents of EU27 countries rose by 6.6% to 827.2 million euros, while receipts from outside the EU27 increased by 31.1% (October 2022: 627.3 million euros, October 2021: 478.4 million euros). The rise in receipts from within the EU27 is attributed to increases in receipts from euro area residents by 5.9% (October 2022: 736.8 million euros, October 2021: 696.0 million euros) and in receipts from residents of non-euro area EU27 countries by 12.8% to 90.4 million euros.

More specifically, among major euro area countries of origin, receipts from Germany declined by 7.9% to 369.8 million euros, whereas receipts from France increased by 6.8% to 84.7 million euros. Turning to non-EU27 countries, receipts from the United Kingdom rose by 31.2% to 256.7 million euros, as did receipts from the United States, by 44.6% to 133.7 million euros. Receipts from Russia dropped by 89.0% to 3.3 million euros.

In January-October 2022, travel receipts totalled 17,114.8 million euros, up by 70.4% relative to the same period of 2021. This development was due to increases in receipts from residents of the EU27 by 49.0% to 9,827.0 million euros and in receipts from residents outside the EU27 by 110.5% to 6,927.8 million euros. In greater detail, receipts from euro area residents rose by 46.0% to 7,830.6 million euros, while receipts from residents of non-euro area EU27 countries increased by 61.9% to 1,996.5 million euros.

In particular, receipts from Germany increased by 37.9% to 3,117.8 million euros, as did receipts from France, by 29.1% to 1,256.6 million euros. Turning to non-EU27 countries, receipts from the United Kingdom rose by 122.7% to 3,128.3 million euros and receipts from the United States also increased by 86.4% to 1,057.3 million euros. Receipts from Russia fell by 65.0% to 34.5 million euros.

Inbound traveller flows

The number of inbound travellers in October 2022 rose by 28.6% year-on-year to 2,756.4 thousand. Specifically, traveller flows through airports increased by 20.0% compared with October 2021, while traveller flows through road border-crossing points rose by 139.4%. This overall increase was due to higher traveller flows from both within the EU27 (up by 11.0%) and outside the EU27 (up by 64.3%). In greater detail, travellers from within the euro area rose by 2.5% to 1,255.4 thousand, while travellers from non-euro area EU27 countries also increased by 60.2% to 340.7 thousand.

Specifically, the number of travellers from Germany declined by 7.2% to 621.1 thousand, whereas the number of travellers from France rose by 22.4% to 165.4 thousand. Turning to non-EU27 countries, the number of travellers from the United Kingdom increased by 67.4% to 518.3 thousand, while travellers from the United States also increased by 102.6% to 139.8 thousand. The number of travellers from Russia fell by 87.9% to 3.3 thousand.

In January-October 2022, the number of inbound travellers rose by 92.1% to 26,443.1 thousand (January-October 2021: 13,763.2 thousand). Specifically, traveller flows through airports increased by 84.7%, while traveller flows through road border-crossing points rose by 135.8%. In the period under review, the number of travellers from within the EU27 rose by 68.9% year-on-year to 16,337.8 thousand and travellers from outside the EU27 increased by 147.0% to 10,105.3 thousand. The number of travellers from within the euro area rose by 59.3%, as did travellers from non-euro area EU27 countries, by 94.2%.

Specifically, travellers from Germany increased by 47.1% to 4,240.8 thousand and those from France by 49.9% to 1,711.0 thousand. Turning to non-EU27 countries, the number of travellers from the United Kingdom rose by 194.4% to 4,370.8 thousand, as well as those from the United States by 167.5% to 975.7 thousand. The number of travellers from Russia dropped by 63.3% to 34.6 thousand.

RELATED

For the first time, Greek voters in the homeland and the Diaspora will be able to participate in elections for the European Parliament for the first time on June 9.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

2 Germans, a Spaniard and a Senegalese Killed in Building Collapse in Spain’s Mallorca Island

MADRID (AP) — Spain's National Police on Friday gave details on four people killed when a building housing a bar and restaurant club collapsed on the island of Mallorca.

NEW YORK – The New York Times has reported that “an aide to Mayor Eric Adams who served as his longtime liaison to the Turkish community has turned against him and is cooperating with the corruption investigation into Mr.

BOSTON – Crowds flocked to the Greek Festival of the St.

The news about air travel lately hasn't been pleasant.

Beyond the issues in Crete and our own in America, as we wrote in our ‘Analysis’ in last week’s edition, Patriarch Bartholomew has unfortunately ensnared himself in problems with the majority of local Orthodox Churches worldwide, with few exceptions such as those of Greece, Alexandria, and Cyprus, due to the granting of Autocephaly to Ukraine, which has proven to be ill-timed and ill-suited.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.