5249.0 - Australian National Accounts: Tourism Satellite Account, 2017-18 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/05/2019   
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KEY FIGURES

2016-17 to 2017-18 % change
Tourism
Total Economy

Gross Domestic Product (GDP)
Current prices
7.1
4.7
Chain volume measure
5.0
2.8
Gross Value Added at basic prices
Current prices
7.1
4.8
Chain volume measure
5.0
2.8
Employed persons
4.6
3.0
Hours worked index
2.7
2.6
Gross value added per hour worked
1.9
0.2

Graph Image for Growth in Key Aggregates

2017-18 Key Points

CHAIN VOLUME MEASURES

        • Direct tourism Gross Domestic Product (GDP), in volume terms, increased by 5.0%, compared with real GDP growth of 2.8%.
        • Direct tourism gross value added at basic prices, in volume terms increased by 5.0%, compared to gross value added for all industries which increased by 2.8%.
        • Internal tourism consumption (total domestic and international consumption in Australia) in volume terms, increased by 4.3%. Of this figure, domestic tourism consumption increased by 3.9% while international tourism consumption grew by 5.3%.
        • Direct tourism gross value added per hour worked (a measure of tourism labour productivity) increased by 1.9% compared to growth for the whole economy of 0.2%.

CURRENT PRICE MEASURES

GDP
        • Direct tourism GDP increased by 7.1% to $57,254m, compared with GDP growth of 4.7%.
        • Tourism share of GDP increased from 3.0% to 3.1%.

INDUSTRY GROSS VALUE ADDED
        • Direct tourism gross value added increased by 7.1% to $52,607m.

TOURISM CONSUMPTION
        • Internal tourism consumption increased by 6.8% to $143,372m.
        • Domestic tourism consumption increased by 6.7% to $105,982m.
        • Tourism exports (international tourism consumption in Australia) increased by 7.3% to $37,391m.
        • Tourism imports (outbound tourism consumption by Australian residents on outbound trips) increased by 10.5% to $53,956m.

TOURISM EMPLOYMENT
        • Tourism employed persons increased by approximately 28,400 employees to 646,000 employed persons.
        • Tourism share of total employment increased from 5.1% to 5.2%.
        • Hours worked in tourism increased by 2.7%, compared with an increase of 2.6% for the overall economy.


NOTES


CHANGES IN THIS ISSUE

In this release, the new benchmark reference year of 2016-17 is one year later than the usual 3 yearly benchmark update (which would have been 2015-16) to ensure closer aligned representation of the tourism economy to the most recent reference year. In addition to introducing a new benchmark for the reference year 2016-17, the 2012-13 benchmark has also been updated and revised to incorporate revisions to source data. Previous benchmark relationships in 2009-10 and 2006-07 have also been re-opened and adjusted where required due to revised source data.

Being a benchmark release, additional tables are included which incorporate tourism industry ratios in tables 5, 7 and 8, while additional product detail and ratios have been provided in tables 9 and 10.

From this release, data prior to 2004-05 will no longer be published due to series breaks in the source data. Historical values will however still be available online from earlier releases although the levels will not be directly comparable to the current series.

Some changes to data sources and estimation methods for a selection of tourism products and industries have also been incorporated in this release. These changes were incorporated to improve estimates of tourism consumption, output and value added. These changes include:
  • updated ratios used for the allocation of domestic visitors' packaged and organised tour expenditure across tourism products. Adopting the approach used for International visitors, domestic packaged and organised tour expenditure are now redistributed to a number of tourism products using the average expenditure of non-packaged tour travellers for each package tour component;
  • the 'Travel agency and tour operator services' product and industry titles have been changed to 'Travel agency and information centre services'. This is to account for the inclusion of services provided by Tourist Information Centres to visitors (please refer to Explanatory Notes, para 69); and
  • improvements to the methodology to estimate domestic airfares undertaken by domestic travellers prior to an international trip.

In addition, revisions across the time series for most tourism aggregates have been incorporated in this release due to historical revisions to a range of TSA source data. Please see the Revisions in this Issue section for more details.

INQUIRIES

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