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Portugal experienced a recovery of over 30 percent in the total travel and tourism contribution to its gross domestic product (GDP) in 2021, after a strong drop due to the coronavirus (COVID-19) pandemic. Prior to this crisis, this sector represented over 40 billion U.S. dollars of the Portuguese economy. By 2024, more than 58 billion U.S. dollars were forecasted as contribution to the country's GDP.

Tourism spending in Portugal

In 2023, Portugal's tourism services generated a sales revenue close to 38.9 billion euros, signalizing the post-pandemic recovery for this sector, which began in the previous year. Furthermore, inbound tourism expenditures in the Iberian country for the same year reached 25 billion euros, representing an increase from the previous year. 

How many travelers make their way to Portugal each year?

From 2022 to 2024, Portugal witnessed a remarkable increase in the number of international overnight visitors, with the figure reaching 56 million in the latter year – more than in 2019. The recovery of the Portuguese tourism sector from the coronavirus (COVID-19) pandemic can also be seen in monthly development. While in 2020 and 2021, the usual influx of foreign guests in Portuguese accommodation establishments during the summer season was affected by the global health crisis, the country saw a return to normality in 2022, with August reaching the annual peak of 1.96 million travelers, which rose to 2.27 million by 2024.