State Tourism Satellite Account 2019–20

Australian Capital Territory tourism summary

 

Gross State Product (GSP)


$1.8 billion
Down 27.9% compared with 2018–19

Gross Value Added (GVA)


$1.6 billion
Down 28.1% compared with 2018–19

Employment


14,700 persons
Down 20.9% compared with 2018–19

 

Tourism GSP

In 2019–20 (compared to 2018–19):

  • direct tourism GSP in the ACT was worth $0.915 billion (down 27.1%)
    • this was a 2.2% direct share of total state GSP (down 0.8 percentage points)
    • total state GSP was worth $41.5 billion
  • Indirect tourism GSP was worth an extra $0.917 billion to the ACT’s economy (down 28.6%)
  • total tourism GSP (both direct and indirect) was worth $1.8 billion to the ACT’s economy (down 27.9%).

Tourism GVA 

In 2019–20 (compared to 2018–19):

  • direct tourism GVA in the ACT was worth $0.847 billion (down 26.9%)
    • this was a 2.2% direct share of total state GVA (down 0.9 percentage points)
    • total state GVA was worth $39.3 billion (up 3.6%)
  • indirect tourism GVA was worth an extra $0.771 billion to the ACT’s economy (down 29.3%)
  • total tourism GVA (both direct and indirect) was worth $1.6 billion to the ACT’s economy (down 28.1%).

Tourism employment 

In 2019–20 (compared to 2018–19):

  • direct tourism employment in the ACT accounted for 9,200 employees (down 16.4%)
    • this was a 3.9% direct share of total state employment (down 0.9 percentage points)
    • total state employment amounted to 233,000 employees (up 2.5%)
  • indirect tourism accounted for 5,500 employees in the ACT (down 27.5%)
  • total tourism employment (both direct and indirect) accounted for 14,700 employees in the ACT (down 20.9%).

Notes

What is direct contribution?

Money spent directly in the tourism industry. Without a tourism industry in the ACT, this money wouldn’t be generated, or these people wouldn’t be employed.  

What is indirect contribution?

The flow-on effect of the tourism industry. In the ACT, for every dollar spent in the tourism industry, an additional 77 cents were spent elsewhere in the economy. 

Why we use GVA 

GVA allows easier comparisons across industries. GVA is equal to GSP minus taxes.