State Tourism Satellite Account 2019–20

Tasmania tourism summary

 

Gross State Product (GSP)


$3.0 billion
Down 18.3% compared with 2018–19

Gross Value Added (GVA)


$2.7 billion
Down 17.8% compared with 2018–19

Employment


37,400 persons
Down 13.5% compared with 2018–19

 

Tourism GSP 

In 2019–20 (compared to 2018–19):

  • direct tourism GSP in Tas was worth $1.5 billion (down 14.7%)
    • this was a 4.6% direct share of total state GSP (down 0.8 percentage points)
    • total state GSP was worth $32.9 billion (up 1.1%)
  • indirect tourism GSP was worth an extra $1.5 billion to Tas’ economy (down 21.8%)
  • total tourism GSP (both direct and indirect) was worth $3.0 billion to Tas’ economy (down 18.3%).

Tourism GVA 

In 2019–20 (compared to 2018–19):

  • direct tourism GVA in Tas was worth $1.4 billion (down 14.2%)
    • this was a 4.5% direct share of total state GVA (down 0.8 percentage points)
    • total state GVA was worth $30.8 billion (up 2.0%)
  • indirect tourism GVA was worth an extra $1.3 billion to Tas’ economy (down 21.3%)
  • total tourism GVA (both direct and indirect) was worth $2.7 billion to Tas’ economy (down 17.8%).

Tourism employment 

In 2019–20 (compared to 2018–19):

  • direct tourism employment in Tas accounted for 21,000 employees (down 5.4%)
    • this was a 8.4% direct share of total state employment (down 0.5 percentage points)
    • total state employment amounted to 251,000 employees (up 0.7%)
  • indirect tourism accounted for 16,300 employees in Tas (down 22.1%)
  • total tourism employment (both direct and indirect) accounted for 37,400 employees in Tas (down 13.5%).

Notes

What is direct contribution?

Money spent directly in the tourism industry. Without a tourism industry in Tas, 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 Tas, for every dollar spent in the tourism industry, an additional 80 cents were spent elsewhere in the economy. 

Why we use GVA 

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