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Int'l tourists expenditure in Italy keeps growing in late 2018: central bank
Last Updated: 2019-02-13 09:31 | Xinhua
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The expenditure by foreign tourists in Italy kept growing in the last part of 2018, fresh statistics by the central bank showed on Tuesday.

More specifically, their spending increased by 7.1 percent between September and November compared to the same period of 2017, according to the Bank of Italy.

Italians travelling abroad in the same months boosted their expenditure by 7.5 percent.

In November alone, the sector balance of payments showed a surplus worth 288 million euros (325 million U.S. dollars), below that registered in the same month of 2017, the bank wrote.

Also referred to November, the foreign tourists' expenditure grew by 7.5 percent, and that of Italian travelling abroad by 13.5 percent, it added.

The latest figures confirmed a positive trend registered in tourism outflows and inflows to the country in latest years, in terms of both number and expenses.

In 2017, for example, Italy received 90.6 million foreign travellers -- with an annual increase of over 6 percent -- ranking fifth by number of overnight visitors worldwide, behind France, Spain, U.S., and China, according to the previous sectorial survey by the Bank of Italy.

Italy totalled 39.2 billion euros from such inflows, ranking fifth (in terms of spending) among global tourism destinations behind U.S., Spain, France, and Thailand.

The figure marked a 7.7 percent annual rate increase, which was "more than double the rate for worldwide receipts generated by international travellers (3.5 percent)," the bank noted.

Tourism would account for over 5 percent of Italy's gross domestic product (GDP), about 6 percent of total employment, and some 40 percent of Italian exports in the service sector, according to a report by Bank of Italy's Deputy Governor Fabio Panetta in December. Enditem

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