KSH: tourism’s direct contribution to GDP decreased in 2020

Last year, the contribution of tourism to GDP fell sharply
According to preliminary data for 2020, the sector’s contribution to GDP, taking into account the effects of multiplier production, was 8.1 percent, and in 2019 it was still 10 percent.
The share of value added in tourism-related sectors was 5.4 percent of the national economy as a whole in 2020, 6.8 percent in 2019, which, together with the spill-over effect, was 8.5 percent in 2020 and 11 percent in 2019. (MTI)
Related news
Hungarian girl becomes the festival’s 11 millionth visitor
A Hungarian girl living in Oman became the 11 millionth…
Read more >Balaton Tourism Association: it’s time to take the importance of swimming seriously!
It is time to take the importance of swimming seriously…
Read more >Lake Balaton vs. Croatian coast: where is it better to work in the summer of 2025?
While most seasonal jobs in Lake Balaton offer a net…
Read more >Related news
Primark: interest remains high, but no decision on new store openings
Primark opened its first store in Hungary last May to…
Read more >Siófok, Budapest and Eger remain popular among Hungarian guests even in the summer
Siófok remains the most attractive summer destination among Hungarians, according…
Read more >Hungarian girl becomes the festival’s 11 millionth visitor
A Hungarian girl living in Oman became the 11 millionth…
Read more >