CNB: Last year, 54 percent less income was generated from tourism

As part of the balance of payments data for 2020, the Croatian National Bank (CNB) published revenues from travel and tourism from foreign tourists in 2020. So...

As part of the balance of payments data for 2020, the Croatian National Bank (CNB) published revenues from travel and tourism from foreign tourists in 2020.

Thus, last year, 54.3 percent less revenue was generated from tourism than in 2019, ie revenues amounted to 4.8 billion euros (2019 billion euros in 10.539).

According to system data eVisitor, which contains tourist traffic realized in commercial and non-commercial facilities and nautical charter (eCrew system), in Croatia in 2020 was realized 7,8 million arrivals (37 percent of 2019 results) i 54,4 million overnight stays (50 percent of 2019 results). Of that, foreign tourists realized 43,1 million overnight stays (45 percent of the results from 2019), while domestic guests realized 11,3 million overnight stays (82 percent of the results from 2019).

Source: CNB

"Looking at the achievements at the level of the entire 2020, the current and capital account surplus amounted to 1,9% of GDP, after 4,9% of GDP in 2019. The deterioration in the balance stems from a sharp decline in net exports of services, mainly due to a contraction in tourism revenues, which more than halved in 2020 compared to the previous year.", Point out the CNB.

In the first three quarters of last year, earnings from tourism were 4,31 billion euros, while in the same period in 2019, Croatia generated revenue of as much as 9,435 billion euros from the export of tourism services. The decline is more than 54 percent, as well as year-round.

A slightly better season is expected this year,

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