Tasmania summary

Gross State Product (GSP)

$2.3 billion
Down 24% compared with 2019–20
Down 37% compared with 2018–19

Gross Value Added (GVA)

$2.0 billion
Down 25% compared with 2019–20
Down 38% compared with 2018–19

Employment

33,600 persons
Down 7.7% compared with 2019–20
Down 19% compared with 2018–19

Tourism GSP 

In 2020–21: 

  • Direct tourism GSP in Tas was worth $1.1 billion. This was down:
    • 26% on 2019–20
    • 36% on 2018–19. 
    This was a 3.2% direct share of total state GSP. It was down:
    • 2.2 percentage points on 2019–20
    • 1.4 percentage points on 2018–19. 
  • Total state GSP was worth $34.8 billion. This was up:
    • 6.1% on 2019–20
    • 9.6% on 2018–19. 
  • Indirect tourism GSP was worth an extra $1.1 billion to Tas’s economy. This was down:
    • 22% on 2019–20
    • 39% on 2018–19.
  • Total tourism GSP (both direct and indirect) was worth $2.3 billion to Tas’s economy. This was down:
    • 24% on 2019–20
    • 37% on 2018–19. 

Tourism GVA  

In 2020–21: 

  • Direct tourism GVA in Tas was worth $1.0 billion. This was down:
    • 27% on 2019–20
    • 36% on 2018–19 
    This was a 3.1% direct share of total state GVA. It was down:
    • 1.4 percentage points on 2019–20
    • 2.2 percentage points on 2018–19.
  • Total state GVA was worth $32.6 billion. This was up:
    • 6.0% on 2019–20
    • 9.1% on 2018–19. 
  • Indirect tourism GVA was worth an extra $1.0 billion to Tas economy. This was down:
    • 23% on 2019–20
    • 39% on 2018–19. 
  • Total tourism GVA (both direct and indirect) was worth $2.0 billion to Tas’s economy. This was down:
    • 25% on 2019–20
    • 38% on 2018–19. 

Tourism employment  

In 2020–21: 

  • Direct tourism employment in Tas accounted for 20,600 employees. This was down:
    • 3.3% on 2019–20
    • 8.1% on 2018–19. 
    This was 8.0% direct share of total state employment. It was down
    • 0.8 percentage points on 2019–20
    • 1.0 percentage point on 2018–19. 
  • Total state employment amount was 258,000 employees. This was up:
    • 2.4% on 2019–20
    • 3.3% on 2018–19. 
  • Indirect tourism accounted for 13,000 employees in Tas. This was down:
    • 14% on 2019–20
    • 33% on 2018–19. 
  • Total tourism employment (both direct and indirect) accounted for 33,600 employees in Tas. This was down:
    • 7.7% on 2019–20
    • 19% on 2018–19. 

Definitions

About direct contribution 

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

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

About indirect contribution

Indirect contribution is the flow-on effect of the tourism industry. For every dollar spent in the tourism industry in Tas, an extra 84 cents were spent elsewhere in the economy.  

Why we use GVA  

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