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Tourism direct contribution to Iceland's GDP up to 4.6 pct in 2013

Xinhua, August 20, 2015 Adjust font size:

Iceland's tourism has increased its share of gross domestic product (GDP) from 3.6 percent in 2009 to 4.6 percent in 2013, according to figures issued Thursday by Statistics Iceland.

The statistics agency showed the Tourism Direct GDP (TDGDP) in 2013 rose to 87.3 billion krona (660 million U.S. dollars) in nominal values, a 55-percent increase from the figure of year 2009.

Tourism Direct Gross Value Added (TDGVA) also increased from 49.7 billion Icelandic krona in 2009 to 76.4 billion Icelandic krona in 2013, which is a growth of 54 percent in nominal values for this period.

Tourism ratios reflect the proportion of products supplied in the Icelandic economy that are consumed by tourists. Tourists made up six percent of all goods and services used in the Icelandic economy in 2013; in 2009 this ratio was 4.6 percent. Travel agencies and rental summer houses services were entirely used by tourists. Endit