Croatia's tourism industry posts €10.1 billion revenue in 2018

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Croatian tourism industry posted a total of €10.1 billion in revenues in 2018, up from €9.5 billion from the year before, Tourism Ministry said on Friday.

Citing data compiled by the central bank, the ministry said that in 2018 the entire sector had a revenue of 10.097 billion, or 6.4 percent up from 9.493 billion in 2017. In Q4 2018 alone, tourism revenues totalled 852 million, or 5.6 percent up year-on-year.

“Last year, tourism revenue earned from foreign visitors was over 10 billion for the first time ever. When income from domestic tourists are added, the revenues were 12 billion, which is an excellent result,” Tourism Minister, Gari Cappelli, said in a press release.

According to the latest available calculations of the Tourism Satellite Account (TSA) – an indicator of the economic impact that the sector has on the country’s GDP – the total tourist spending by both domestic and foreign visitors was 10.4 billion euros in 2016, and the sector accounted for 16.9 percent of Croatia’s GDP.

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