How much do the Canaries rely on Tourism?

Tourism is, quite obviously, a very important factor in the economy of the Canary Islands, but just how much do the islands rely on tourism for their economy?

La Opinión report on a study of the economic impact of tourism and employment in the Canary Islands that tells us the tourist sector provided 30.4% of the archipelago's income in 2005 and, provided jobs for over 307,000 direct employees.

Tourist activity had increased in 2005, by 4.2% more than in 2004, according to the report. Tourism also provides 36.8% of employment in the Canary Islands, making the islands considerably more dependent upon the sector than the rest of the country, where jobs in the tourist sector average at 9.8% of the employment market.

Tourism is also responsible for 84.9% of the export of services in the Canaries, which generated 8,270 million euros of spending on goods and services by tourists.

In contrast to this, 21.2% (2,000 million euros) of both public and private investment made during 2005 in the islands could be attributed to tourism. Equally, tourism was responsible for 14.1% of public spending (1,184 million euros) during 2005 and for 34.4% of the taxes collected in the islands.

El turismo representa el 30,4% del PIB canario y genera 307.000 empleos

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