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Adjustment for expenditure overseas less expenditure of non-residents in Australia Description 14.287 This item is included in HFCE COICOP items 01-12, which are discussed above, as an adjustment to each appropriate good or service so that total HFCE covers the expenditure only of resident households (in Australia and overseas). Thus expenditures by overseas visitors on fares, meals, accommodation, entertainment, recreation and other goods and services are deducted from the appropriate HFCE categories and expenditure by Australian residents abroad is added to each appropriate category. Calculation of net expenditure overseas is a two stage process. The first stage estimates the total value of net expenditure overseas. The second stage allocates expenditure to the appropriate HFCE category.
14.289 Personal travel debits, as adjusted for national accounting purposes, records the acquisition of goods and services abroad by residents travelling at their own expense (i.e. other than by business travellers, whose expenditure is largely intermediate consumption of the employing business). Examples are purchases of accommodation, meals, ground transportation and tours. Expenditure of Australian Government employees records the personal expenditure abroad on goods and services by Australian diplomats stationed abroad and by their dependants. 14.290 The second major subitem, Expenditure of non-residents in Australia, is also composed of two balance of payments items:
14.291 Travel credits records the acquisition of goods and services in Australia by all non-resident travellers. Expenditure of foreign government employees records the personal expenditure in Australia on goods and services by foreign diplomats and their dependants stationed in Australia. Sources and methods Expenditure overseas by residents 14.292 The estimates for personal travel debits are prepared by multiplying the number of residents travelling overseas for other than business purposes by their average expenditure. The number of travellers is derived monthly by averaging the numbers of short-term overseas departures and arrivals of non-business residents from Overseas Arrivals and Departures, Australia (Cat. no. 3401.0). The Survey of International Trade in Services (travel component) provides a quarterly measure of the per capita expenditure of Australian travellers abroad using credit cards, travellers' cheques, cruise fares and other prepaid packages. It is supplemented with data every four years from the Survey of Returned Australian Travellers, which provides a split between business and non-business traveller expenditures as well as information on the cash taken abroad by Australian travellers and other sources of travel finance such as from earnings abroad. Expenditure of non-residents in Australia 14.294 The balance of payments item Travel credits comprises three components: business travel; education-related travel; and other personal travel. The first and third categories are estimated by multiplying the number of visitors in these categories by their average expenditure. The number of visitors is derived monthly by averaging the numbers of short-term non-education arrivals and departures of foreign visitors from Overseas Arrivals and Departures, Australia (Cat. no. 3401.0). Their average expenditure is estimated using a number of sources. First, data are compiled from the International Visitor Survey conducted on behalf of the Bureau of Tourism Research, which collects, from short-term visitors immediately prior to their departure, information about their travel expenditure in Australia. Second, the Australian landed content of prepaid package tours by non-resident travellers is estimated from a variety of sources including a former ABS survey of inbound tour operators. The annual estimates are the sum of the quarters. Allocation of net expenditure overseas to HFCE category 14.299 Data on categories of expenditure by visitors to Australia are published by the Bureau of Tourism Research.
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