Travel Services Exports Grow 11 Percent in 2011
9 March (BNS)
Estonia's export of travel services during 2011 totalled 900 million euros, 11% more than in 2010. Import of travel services grew 17% year on year to 554 million euros.
Export of travel services exceeded import by 343 million euros and the figure equalled approximately 2% of the country's gross domestic product (GDP). Export of travel services made up 23% of Estonia's foreign trade in services and import made up 21%. Foreign trade travel services have continuously occupied the second position after transport services, the central bank said.
Roughly 5.3 million foreigners visited Estonia during 2011, 13% more than in 2010. Of the total number of visitors people coming from countries of the European Union made up 81% and visitors from the CIS 12%. Year on year, the number of visitors from the EU increased 12% and of visitors from the CIS 18%.
Finns made up 42% of the total number of visitors and half of them stayed in Estonia for one day only. Spending by Finns made up 46% of the export of travel services. Russian tourists made up 11% in both the number of visits and expenditures by visitors in the export of travel services. The corresponding ratios for Sweden were 6 and 8%.
Residents of Estonia visited foreign countries on 3.8 million occasions during 2011, 8% more than in the year before.
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