Newsbrief: Tourism increases its value for the Canarian economy

Tourist activity in the Canary Islands totalled almost €13,5 billion last year, raising the relative contribution of this sector in the Canary Islands economy to 31.9%, significantly boosting other productive sectors and is responsible for 37,6% of total employment on the islands, according to latest report from Impactur Canarias. A study, prepared jointly by Exceltur and the Government of the Canary islands.

The results of Impactur Canarias 2015 also reflected the important contribution of Canarian tourism to the Spanish sector as a whole. The added value generated by tourist activities on the islands accounts for 11.1% of the total economic impact of tourism in Spain, while the Canary Islands economy accounts for 3.9% of total Spanish GDP, according to the Spain Regional Accounting from the national statistics institute, the INE.

The “exceptional behaviour” of tourism in the Canary Islands economy since 2011 and its contribution to the development of the Canary Islands economy places the Archipelago as the second most dynamic autonomous community in the period 2011-2015, thanks to an average annual growth of 0.8%, above the 0.3% national average.