The expenditure of tourists marks a record of 77.625 million euros in 2016 – Investing.com Spain

MADRID (Reuters) – international tourists spent in Spain last year a total record of 77.625 million euros, an increase of 9 percent over the previous year, according to a survey by the National Institute of Statistics (INE) published Friday.

In December, the total expenditure increased by 19.3 per cent compared with the same month of the previous year, reaching 4.501 million euros.

The growth of expenditure in 2016 is in line with the strong increase (+10.3 percent) of the tourist arrivals to Spain.

The average expenditure per tourist stood in December, to 1,131 euros, with an annual increase of 5.3 per cent, while the expenditure average daily increased by 7.2 per cent to 124 euros.

The main countries of origin in terms of the level of expenditure in 2016 were the United Kingdom (with 20.9 percent of the total), Germany (14.3 per cent) and France (8.8 percent).

Spain is the third tourist destination in the world behind France and the united States, a sector that contributes around 11 percent of national GDP and is one of the main generators of employment.

legal Notice: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.