Australian Capital Territory summary

Gross State Product (GSP)

$1.2 billion
Down 34% compared with 2019–20
Down 51% compared with 2018–19

Gross Value Added (GVA)

$1.1 billion
Down 35% compared with 2019–20
Down 52% compared with 2018–19

Employment

11,400 persons
Down 21% compared with 2019–20
Down 37% compared with 2018–19

Tourism GSP 

In 2020–21: 

  • Direct tourism GSP in the ACT was worth $0.597 billion. This was down 36% on 2019–20 and down 52% on 2018-19. This was a 1.3% direct share of total territory GSP. This was down:
    • 0.8 percentage points on 2019–20
    • 1.7 percentage points on 2018–19. 
  • Total territory GSP was worth $44 billion. This was up:
    • 4.3% on 2019–20
    • 9.4% on 2018–19. 
  • Indirect tourism GSP was worth an extra $0.629 billion to the ACT’s economy. This was down:
    • 32% on 2019–20
    • 51% on 2018–19. 
  • Total tourism GSP (both direct and indirect) was worth $1.2 billion to the ACT’s economy. It was down:
    • 34% on 2019–20
    • 51% on 2018–19. 

Tourism GVA   

In 2020–21: 

  • Direct tourism GVA in the ACT was worth $0.539 billion (down 37% on 2019–20 and 52% on 2018–19). This was a 1.3% direct share of total territory GVA. It was down:
    • 0.8 percentage points on 2019–20
    • 1.7 percentage points on 2018–19. 
  • Total territory GVA was worth $41.8 billion. This was up:
    • 4.1% on 2019–20
    • 9.6% on 2018–19. 
  • Indirect tourism GVA was worth an extra $0.519 billion to the ACT’s economy. This was down:
    • 33% on 2019–20
    • 52% on 2018–19.
  • Total tourism GVA (both direct and indirect) was worth $1.1 billion to the ACT’s economy. This was down:
    • 35% on 2019–20
    • down 52% on 2018–19. 

Tourism employment  

In 2020–21: 

  • Direct tourism employment in the ACT accounted for 8,400 employees. This was down:
    • 10% on 2019–20
    • 25% on 2018–19.
    This was a 3.5% direct share of total territory employment. This was down:
    • 0.7 percentage points on 2019–20
    • 1.4% on 2018–19. 
  • Total territory employment was 239,000 employees. This was up:
    • 2.2% on 2019–20
    • 5.1% on 2018–19. 
  • Indirect tourism accounted for 3,000 employees in the ACT. This was down:
    • 41% on 2019–20
    • 57% on 2018–19. 
  • Total tourism employment (both direct and indirect) accounted for 11,400 employees in the ACT. This was down:
    • 21% on 2019–20
    • 37% on 2018–19. 

Definitions

About direct contribution 

Direct contribution is money spent directly in the tourism industry. Without a tourism industry in the ACT:

  • this money wouldn’t be generated in the Australian economy
  • this employment wouldn’t be created in the ACT workforce.

About indirect contribution

Indirect contribution is the flow-on effect of the tourism industry. For every dollar spent in the tourism industry in the ACT, an extra 79 cents were spent elsewhere in the economy.  

Why we use GVA  

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