According to the Central Bank of Greece report, the country’s tourism will grow more slowly in 2023. Reasons; inflationary pressures and the Russia-Ukraine war.

Greece to Grow Slower in 2023

According to the report, the Greek economy will grow by 2.2 percent in 2023. Greece’s strong tourism dynamic will continue throughout the year, but a slower tourism development, driven by higher cost increases and shrinking spending.

According to the central bank, travel revenues rose 68.3 percent in 2022 compared to 2021, recovering 97.2 percent of revenues in 2019.