Boosting the economy by partying!

Cheerful spenders: party economies

Did you know there are countries in the world where the economy turns for a great deal around … partying? Really I’m not joking and since we have discussed such heavy subjects lately, it’s time for something more cheerful today. Partying: a great way to boost the economy, don’t you think? I am going to show you how realistic it also is and to what extent it already happens in a lot of countries.

The reason why I write about this, is that Europeans always cynically say they keep up our (Greek) economy by visiting our country. Then I answer them that those cheaper-the-cheap all-in arrangements they buy and the food they cook themselves in their pension room don’t grow the economy. Often not even the costs are covered with those arrangements. As as result the average yearly revenue from tourism in Greece is only 196 million euros! In reality it’s the Greek tourists themselves who spend fine during vacations. They go out all the time for eating, at night and they buy stuff. That’s how the money comes in! Let’s take a look at how partying can boost a country to economic heights!


Looking for numbers ain’t easy!

I can’t find statistics anywhere about what percentage partying, organising events and nightlife make out of the economy. In this enormously long and Dutch article there is only a sector called ‘arts, culture and media’ and then you have ‘horeca’ and ‘recreation’. In Greece there is nothing at all to be found about the party sector. I only found an article that states bureaucracy costs 6.8% of the Gross National Product. Now that’s boring. I secretly think the Greeks don’t want to provide information on how much money is going around in partying. This article here claims that Americans spend 6.4% of their income on food and it’s from the WEF website! Problem is that this is food that is eaten at home and we need food that is eaten on parties.

Don’t be afraid: nobody spends that much money per day!

This article says that if you measure the GNP, the Gross National Product for a country, there is no place for amusement. it’s deeply hidden in the sector ‘personal expenditures on non durable goods’. So we can’t find what percentage of all the money that goes on in a country in a year goes to partying and now we have to look for how much people spend on amusement and such. Business Insider tells us that a night out in 50 cities costs from $16 in Cape Town to $81 in Ibiza. At a party you spend less since you are invited, but the host pays it all and one party for 50 people cost for sure like twenty thousand bucks. Our big fat tom cat Nikiforos lying on my very hands doesn’t make it easier to type it all up! Last thing I really want to share is about how much money you should spend in Greece by a couple of wishful thinkers in the tourism branch. We still don’t know any exact numbers, but I can tell you it’s a lot in exactly the countries of which the general opinion is that they are so poor.


Partying as a way to boost the economy

I myself come from a country in which the economy turns largely around parties and nightlife. The best proof is probably that we Greeks don’t even have a word for ‘party animal’. That is because no-one in our country is NOT a party animal and so there is only a word for boring situations. No it’s not the m-word, I see you think it. Βαριεστημάρα is the word, varyestimáhra. Boredom. A situation where there is no party. Unimaginable for a Greek, but not only for us!

Moroccans are the same party animals, Algerians, Tunesians, Libyans and Egyptians. Israeli’s, Palestines, Lebanese, Syrians, Armenians, Iraqi’s and Persians. South and Central Americans also and maybe I forget a few countries. You can add them in a reaction if you want. In Greece people don’t have such big families, but in e.g. North Africa they do. In their long, hot summers they have at least two parties per week and sometimes people do get tired of attending them! Greeks just go out every day to clubs with live music and let us look at what an enormous business there is around all those parties, festivals, weddings, baptisms and nightclubs.


Time to show me your appreciation of this again really awesome article! Share, subscribe, like and support:


 Untold Times is an independent crowdfunded news website. Thank you very much for the donations that are coming in, but do help Anastasía Vassiliou to continue by supporting her work with a monthly or once-only contribution. This is how you can donate:


So many branches that profit from parties!

Where shall we start? Food of course! Catering and drinks delivery companies. Businesses that sell or lease glasses and china to put the food and drinks in. Artists that perform and their electronic apparatus. Their costumes. Evening clothes for the guests: shoes, make-up, hairdressers, handbags, beauty specialists, ties, socks and jewellery. The music industry that needs to have new songs for new parties and shops that sell gear, cd’s, music instruments and microphones. Music schools where the musicians and singers learn to play and sing. Do you see what an economy that brings around? Don’t forget the soup restaurants (patsás in Greece, intestine soup) or other after-party places and the cigarettes people smoke. The dry-cleaners that clean the party dresses and suits. What did I forget?

Waiters to bring around the food to the guests. Barmen to create the hippest drinks. A cashier that mesures the profits and a manager to overlook the party. Cleaners to clean the whole bunch after the party and kitchen staff to wash up and of course cook, but I had already mentioned that. I am not talking about the kind of rough parties where drugs are used and I don’t know what else for horrible drinks and stuff that make people sick, for then you also need a doctor and probably a psychologist. If we go really far, we should also mention the farmers that produce all that food, the manufacturers that edit and can it and the shops that sell it. I think we mentioned most of the businesses that profit from parties in general. In Greece and the Middle East there are lots of musicians and singers who go from wedding to wedding to perform and they earn great! That is also the case in all the other countries I summed up and I am sure I forgot some.


Can cheerful people keep up an economy?

I wanted to share this information with you, because the income of a country doesn’t only consist of import and export rates. now I am very far from being an expert on economics and I think I have told you already I had first a 3 (F) and then a 5 (D) on it at school. That was in the first place because I had missed courses due to the fact my foster parents had thrown me out of the house and I had to travel around to find a place to stay until I finally found a student’s room. That cost me more than half of the year. But yet, I have never understood a lot about economics and money and so. However, if I had to make a guess of the percentage of the economy on partying in the mentioned countries, I would say 20 – 25%. Cheerful, partying people can keep up an economy at a certain extent! That is why we always say people in the Middle East, North Africa, the Balkan and South America seem poor, but they do party!


Don’t forget to like and share the article, to subscribe to the news and to support my work as an independent journalist! The media don’t have such high numbers of expenditure.



donations Untold Times












Follow the news by Email


Natassa Vassiliou, MA

Anastasía (Natassa) Vassiliou analyses the news with her unique fresh insight. She studied Greek & French Literature, with minors in law ethics and teaching mother language plus specialisation in media psychology. 25 years in education & business trainings followed. 13 years in traditional medicine research and coaching & 2 years in the media. Natassa loves kids, Greece, coffee & nice people. Also cherries, apes, boeren, cooking & experts. No to Jeugdzorg, egoists, bonkers, dipshits & digital ID's. Proud Greek, Orthodox Christian and Mom of 2 Awesome Big Boys, she is sadly handicapped.

Feel free to give a nice reaction:

This site uses Akismet to reduce spam. Learn how your comment data is processed.