TOURISM SATELLITE ACCOUNT
A Tourism Satellite Account involves the identification of tourism activities within the national accounting framework so that a comprehensive set of economic data on tourism can be compiled. The ABS has just released a Tourism Satellite Account for the 2000-01 period. Tourism is not an 'industry' in the traditional sense because industries are classified in accordance with the goods and services they produce, whereas tourism depends on the status of the customer. A Tourism Satellite Account partitions industries into tourism and non-tourism activities so that the direct contribution of tourism to the economy can be measured on a basis consistent with 'traditional' industries.
The tourism industry share of Australia's Gross Domestic Product (GDP) in 2000-01 was 4.7%, up from 4.4% in 1999-2000. The increase largely reflects the impact of the new tax system on prices paid by tourists.
The 2000-01 Tourism Satellite Account found that domestic and overseas visitors contributed $71.2 billion to Australia's economy. Domestic visitors and international visitors contributed 76% and 24% respectively to this amount. The international visitors component increased 17% compared with the previous year, which at least partly reflects the impact of the Sydney Olympics.
In 2000-01, tourism contributed 11.2% to Australia's exports of goods and services. During this period, tourism activities employed 551,000 people, which was 6% of total employment.
Main features of Australian National Account: Tourism Satellite Accounts, 2000-01 are available free of charge on this site.
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