New South Wales summary

Gross State Product (GSP)

$20.8 billion
Down 32% compared with 2019–20
Down 45% compared with 2018–19

Gross Value Added (GVA)

$18.1 billion
Down 34% compared with 2019–20
Down 46% compared with 2018–19

Employment

197,000 persons
Down 23% compared with 2019–20
Down 32% compared with 2018–19

Tourism GSP 

In 2020–21: 

  • Direct tourism GSP in New South Wales (NSW) was worth $10.3 billion. This was down:
    • 34% on 2019–20
    • 44% on 2018–19.
    This was a 1.6% direct share of total state GSP. It was down:
    • 0.9 percentage points on 2019–20
    • 1.3 percentage points on 2018–19.
  • Total state GSP was worth $643 billion. This was up:
    • 3.0% on 2019–20
    • 2.9% on 2018–19. 
  • Indirect tourism GSP was worth an extra $10.5 billion to NSW’s economy. This was down:
    • 31% on 2019–20
    • 47% on 2018–19. 
  • Total tourism GSP (both direct and indirect) was worth $20.8 billion to NSW’s economy. This was down:
    • 32% on 2019–20
    • 45% on 2018–19. 

Tourism GVA  

In 2020–21: 

  • Direct tourism GVA in NSW was worth $9.3 billion. This was down:
    • 35% on 2019–20
    • 45% on 2018–19.
    This was a 1.6% direct share of total state GVA. It was down:
    • 0.9 percentage points on 2019–20
    • 1.3 percentage points on 2018–19. 
  •  Total state GVA was worth $592.4 billion. This was up:
    • 2.2% on 2019–20
    • 2.5% on 2018–19.
  • Indirect tourism GVA was worth an extra $8.8 billion to NSW’s economy. This was down:
    • 32% on 2019–20
    • 48% on 2018–19.
  • Total tourism GVA (both direct and indirect) was worth $18.1 billion to NSW’s economy. This was down:
    • 34% on 2019–20
    • 46% on 2018–19. 

Tourism employment  

In 2020–21: 

  • Direct tourism employment in NSW accounted for 146,800 employees. This was down:
    • 18% on 2019–20
    • 25% on 2018–19. 
    This was a 3.6% direct share of total state employment. It was down:
    • 0.9 percentage points on 2019–20
    • 1.2 percentage points on 2018–19. 
  •  Total state employment was 4.1 million employees. This was up:
    • 1.1% on 2019–20
    • 0.7% on 2018–19. 
  • Indirect tourism accounted for 50,200 employees in NSW. This was down:
    • 33% on 2019–20
    • 48% on 2018-19. 
  • Total tourism employment (both direct and indirect) accounted for 197,000 employees in NSW. This was down:
    • 23% on 2019–20
    • 32% on 2018–19. 

Definitions

About direct contribution 

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

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

About indirect contribution 

Indirect contribution is the flow-on effect of the tourism industry. For every dollar spent in the tourism industry in NSW, an extra 82 cents were spent elsewhere in the economy.  

Why we use GVA  

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