State Tourism Satellite Account 2019–20

New South Wales tourism summary

 

Gross State Product (GSP)


$30.2 billion
Down 21.0% compared with 2018–19

Gross Value Added (GVA)


$27.0 billion
Down 20.9% compared with 2018–19

Employment


256,100 persons
Down 13.5% compared with 2018–19

 

Tourism GSP

In 2019–20 (compared to 2018–19):

  • direct tourism GSP in NSW was worth $15.2 billion (down 18.4%)
    • this was a 2.4% direct share of total state GSP (down 0.6 percentage points)
    • total state GSP was worth $629.3 billion (up 0.6%)
  • indirect tourism GSP was worth an extra $15.0 billion to NSW’s economy (down 23.6%)
  • total tourism GSP (both direct and indirect) was worth $30.2 billion to NSW’s economy (down 21.0%).

Tourism GVA

In 2019–20 (compared to 2018–19):

  • direct tourism GVA in NSW was worth $14.0 billion (down 18.1%)
    • this was a 2.4% direct share of total state GVA (down 0.6 percentage points)
    • total state GVA was worth $583.2 billion (up 1.1%)
  • indirect tourism GVA was worth an extra $13.0 billion to NSW’s economy (down 23.7%)
  • total tourism GVA (both direct and indirect) was worth $27.0 billion to NSW’s economy (down 20.9%).

Tourism employment

In 2019–20 (compared to 2018–19):

  • direct tourism employment in NSW accounted for 175,000 employees (down 8.5%)
    • this was a 4.3% direct share of total state employment (down 0.4 percentage points)
    • total state employment amounted to 4.1 million employees (down 0.5%)
  • indirect tourism accounted for 81,000 employees in NSW (down 22.7%)
  • total tourism employment (both direct and indirect) accounted for 256,000 employees in NSW (down 13.5%).

Notes

What is direct contribution?

Money spent directly in the tourism industry. Without a tourism industry in NSW, 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 NSW, for every dollar spent in the tourism industry, an additional 81 cents were spent elsewhere in the economy. 

Why we use GVA 

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