Tags: EU | Portugal | Tourism

Debt-heavy Portugal Reaps Windfall from Surge in Tourism

Wednesday, 21 December 2016 10:13 AM EST

LISBON, Portugal (AP) — Portugal's fragile economy is getting a tonic from tourism this year, with revenue up by more than 10 percent through October including a 20 percent jump in visitors from the United States.

Tourism minister Ana Mendes Godinho says the sector brought in some 11 billion euros ($11.5 billion) in the first 10 months of 2016 — about 1 billion euros more than the same period last year.

Mendes Godinho said in a statement Wednesday that the number of French visitors increased by almost 18 percent. Only the U.S. posted a bigger increase.

Portugal's mid-Atlantic Azores Islands posted the strongest growth, with a 30 percent increase.

The government hopes Portugal's economy will grow 1.2 percent this year. Government debt is 133 percent of GDP, one of the European Union's highest.

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Europe
Portugal's fragile economy is getting a tonic from tourism this year, with revenue up by more than 10 percent through October including a 20 percent jump in visitors from the United States.Tourism minister Ana Mendes Godinho says the sector brought in some 11 billion euros...
EU,Portugal,Tourism
131
2016-13-21
Wednesday, 21 December 2016 10:13 AM
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