Friday, December 20, 2013

Tourism satellite account 2013

Tourism per se doesn't appear as an industry in international statistical standards or the national accounts so the ABS provide a Tourism satellite account which was also released this week.

Despite the wailing and screaming we have heard at times in recent years that Cairns must diversify away from its core tourism strength or die it seems to have performed quite creditably in the most recent financial year, particularly given the elevated currency during that time. Looks like a much better space to be than building cars!



Key Figures

2011-12
2012-13
2011-12 to 2012-13 change

Direct tourism gross value added at basic prices ($m)
37 354
38 783
3.8%
Tourism net taxes on tourism products ($m)
3 384
3 472
2.6%
Direct tourism Gross Domestic Product (GDP) ($m)
40 738
42 255
3.7%
Tourism employed persons ('000)
532.1
543.6
2.1%
Tourism hours worked annual growth (%)
0.1
1.0
-
All industries hours worked annual growth (%)
1.6
0.4
-
Gross value added, all industries ($m)
1 392 644
1 423 181
2.2%
GDP ($m)
1 486 071
1 521 163
2.4%
Tourism share of gross value added (%)
2.7
2.7
0.0 pts
Tourism share of GDP (%)
2.7
2.8
0.1 pts




Key Points


GDP
  • Direct tourism GDP increased by 3.7% to $42,255m, compared with GDP growth of 2.4%
  • Tourism share of GDP increased marginally from 2.7% to 2.8%


INDUSTRY GROSS VALUE ADDED
  • Direct tourism gross value added increased by 3.8% to $38,783m


TOURISM CONSUMPTION
  • Total internal tourism consumption increased by 4.0% to $109,993m
  • Domestic tourism consumption increased by 3.4% to $83,031m
  • Tourism exports (international tourism consumption in Australia) increased by 5.7% to $26,962m
  • Tourism imports (outbound tourism consumption by Australian residents on outbound trips) decreased slightly by 0.1% to $32,122m


TOURISM EMPLOYMENT
  • Tourism employed persons increased by approximately 11,400 employees to 543,600 employed persons
  • Tourism share of total employment increased from marginally from 4.6% to 4.7%
  • Hours worked in tourism increased by 1.0%, compared with 0.4% overall for the economy

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