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5249.0 - Australian National Accounts: Tourism Satellite Account, 2005-06  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/05/2007   
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NOTES


ABOUT THIS PUBLICATION

This publication presents the key results of the Tourism Satellite Account (TSA) for the years 1997-98 to 2005-06. Work on the TSA has been funded by the Department of Industry, Tourism and Resources (DITR).



REVISIONS

The TSA methodology involves estimating a full benchmark every third year and the statistics presented in this publication reflect the establishment of a new benchmark in respect of 2003-04. The method for compiling benchmark estimates involves the use of fully balanced supply and use tables that underlie the national accounts. Also the latest industry data in respect of tourism related industries is incorporated.


As part of the 2003-04 benchmark process, the relationships established in 1997-98 and 2000-01 have been reviewed and adjusted on the basis of the revised supply use tables for these years. This, in addition to a new supply and use product classification, revisions to input series and a review of TSA methods has brought about some revisions to the entire TSA series. Until the next TSA benchmark is applied (with the 2008-09 TSA release), all TSA estimates for the years beyond 2003-04 will use the 2003-04 benchmark relationships and annual demand data from Tourism Research Australia (TRA).


Compared to the estimates released in April 2006, the tourism share of GDP has been revised up across the time series, by between 0.2 and 0.4 percentage points. Tourism GDP has been revised up by $3.3b (0.4 percentage points) in 2003-04 and $3.1b (0.3 percentage points) in 2004-05. Tourism value added has been revised up by $3.3b (0.4 percentage points) in 2003-04 and $3.2b (0.4 percentage points) in 2004-05. These upward revisions result from the adoption of the industry structures reflected in the supply and use tables which have been substantially revised since the previous benchmarks, coupled with updated consumption and contemporary estimates for some of the key tourism characteristic industries.



DATA VALUES AND ROUNDING

All values, unless otherwise indicated, are shown in Australian dollars rounded to the nearest million. Where figures have been rounded, discrepancies may occur between the sums of the component items and totals.



NEXT ISSUE

The 2006-07 issue of this publication is expected to be released in April 2008.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Terry Rawnsley on Canberra (02) 6252 6711.


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