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Tourism Now Makes Up Over 20% of Croatia’s GDP

HvarTourism activities in Croatia in the first 9 months of 2014 generated 6.77 billion euros, growth of 2.5% or 168 million euros from the previous year, the Ministry of Tourism said on Monday…

The latest data, taken from the Croatian National Bank (HNB), meant that after three-quarters of the year tourism made up 20.9% of the nation’s Gross Domestic Product. Compared with the same period in 2013, the share has increased slightly by 0.7%.

“Income generated from tourism in the first 9 months was very good. The growth in (arrivals and overnight stays) was matched by growth in income from tourism. In the third quarter, from July – September, there was more income generated than there was in the same period in 2013, and even more than in the record third quarter of 2008. These figure make me as a Minister very happy because it shows how the tourism sector is getting stronger and Croatia is becoming a competitive destination on the world level,” Tourism Minister Darko Lorencin said.

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