Tourism Revenue Accounts for 63.2% of Greece’s Trade Deficit

touristsairportRevenue from tourism in 2014 accounted for 63.2 percent of the country’s trade deficit, with receipts amounting to 13.44 billion euros, a 10.6 percent rise compared to 2013, according to figures released by the Bank of Greece on Tuesday.

According to the central bank, tourists from Germany, France and the UK were the year’s leading contributors with receipts increasing by 4.6 percent to 1.987 million euros, 25 percent to 1.132 million euros and 14.8 percent to 1.555 million euros respectively.

In the meantime, receipts from Russian travellers dropped by 13.2 percent, to 1.162 million euros, while revenue from US visitors increased by 15 percent to 654 million euros.

At the same time, arrivals from Germany, France and the UK rose by 8.5 percent, 27 percent and 13.2 percent respectively. Arrivals from Russia fell by 7.6 percent, while arrivals from the US increased by 26.9 percent to 592,000 visitors.

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