Tourism Satellite Account

Latest release

Estimates of tourism’s direct contribution to the economy including GDP, value added, employment and consumption by product and industry

Reference period

2023-24 financial year

Released

4/12/2024

Next release Unknown

Key statistics

In 2023-24,

tourism gross domestic product (GDP) was $78.1b in current prices
tourism GDP rose 5.5% in chain volume terms
international tourism consumption rose by $10.8b in chain volume terms
domestic tourism consumption fell by $2.3b in chain volume terms
tourism filled jobs rose 5.7% to 691,500.

Tourism GDP, chain volume measure
	Tourism ($b)	Whole economy ($b)
2016-17	64.419	2,221.08
2017-18	68.527	2,285.01
2018-19	73.651	2,334.63
2019-20	58.484	2,331.84
2020-21	36.475	2,381.07
2021-22	43.633	2,482.08
2022-23	71.621	2,567.51
2023-24	75.527	2,604.26

Tourism GDP, chain volume measure

["","Tourism","Whole economy"]

[["2016-17","2017-18","2018-19","2019-20","2020-21","2021-22","2022-23","2023-24"],[[64.418999999999997],[68.527000000000001],[73.650999999999996],[58.484000000000002],[36.475000000000001],[43.633000000000003],[71.620999999999995],[75.527000000000001]],[[2221.0799999999999],[2285.0100000000002],[2334.6300000000001],[2331.8400000000001],[2381.0700000000002],[2482.0799999999999],[2567.5100000000002],[2604.2600000000002]]]

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Key tourism indicators, comparison of 2023-24 with 2022-23(a)
		2022-23 ($m)	2023-24 ($m)	Change (%)
Gross Domestic Product (GDP)	Current prices	71,621	78,110	9.1
Gross Domestic Product (GDP)	Chain volume measures	71,621	75,527	5.5
Gross Value Added (GVA)	Current prices	59,476	65,883	10.8
Gross Value Added (GVA)	Chain volume measures	59,476	63,801	7.3
Domestic consumption in purchasers' prices	Current prices	157,461	160,154	1.7
Domestic consumption in purchasers' prices	Chain volume measures	157,461	155,112	-1.5
International consumption in purchasers' prices	Current prices	25,955	38,329	47.7
International consumption in purchasers' prices	Chain volume measures	25,955	36,775	41.7
Filled jobs '000		654.5	691.5	5.7

(a) As the reference period for chain volume measures is 2022-23, chain volume measures and current prices are identical in 2022-23.

Tourism gross domestic product

Direct tourism

All references to "tourism" are referring to "direct tourism" unless otherwise specified. A direct tourism impact occurs where there is a direct (physical and economic) relationship between the visitor and producer of a good or service. For more information, refer to the Methodology section.

In 2023-24,

tourism GDP rose 9.1% to $78.1b in current price terms. Of this, tourism GVA was $65.9b and tourism net taxes on products $12.2b
tourism GDP rose 5.5% in chain volume terms and now accounts for 2.9% of the economy.

Tourism gross value added

In 2023-24, tourism gross value added in current price terms increased $6.4b (up 10.8%) to $65.9b, the highest level in the time series. The largest contributors to the increase were:

Education and training, up $1.5b (up 52.1%) to $4.2b
Ownership of dwellings, up $1.2b (up 17.4%) to $8.2b
Air, water and other passenger transport, up $0.7b (up 9.2%) to $8.2b.

Change in gross value added by tourism industry, 2022-23 to 2023-24, current prices
Tourism industry	GVA ($b)
Education and training	1.452
Ownership of dwellings(a)	1.222
Air, water and other passenger transport	0.693
Cafes, restaurants and takeaway food services	0.585
Travel agency and information centre services	0.56
Other retail trade	0.46
Accommodation	0.412
All other industries	0.238
Clubs, pubs, taverns and bars	0.217
Taxi transport	0.131
Transport equipment rental	0.114
Other road passenger transport	0.111
Sports and recreation services	0.084
Rail passenger transport	0.067
Cultural services	0.052
Casinos and other gambling services	0.039
Automotive fuel retailing	-0.029

Change in gross value added by tourism industry, 2022-23 to 2023-24, current prices

["Tourism industry","GVA"]

[["Education and training","Ownership of dwellings(a)","Air, water  and other passenger transport","Cafes, restaurants and takeaway food services","Travel agency and information centre services","Other retail trade","Accommodation","All other industries","Clubs, pubs, taverns and bars","Taxi transport","Transport equipment rental","Other road passenger transport","Sports and recreation services","Rail passenger transport","Cultural services","Casinos and other gambling services","Automotive fuel retailing"],[[1.452],[1.222],[0.69299999999999995],[0.58499999999999996],[0.56000000000000005],[0.46000000000000002],[0.41199999999999998],[0.23799999999999999],[0.217],[0.13100000000000001],[0.114],[0.111],[0.084000000000000005],[0.067000000000000004],[0.051999999999999998],[0.039],[-0.029000000000000001]]]

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(a) Ownership of dwellings in the tourism sector encompasses both the use of vacation homes by their owners and the rental of these properties to tourists. In addition, it includes the leasing of residences to short-term international students and working holidaymakers.

Tourism consumption

In 2023-24,

in current prices, domestic consumption increased 1.7% to $160.2b, the highest level in the time series
in chain volume terms, domestic consumption decreased 1.5%
in current prices, international consumption increased 47.7% to $38.3b, the highest level in the time series
in chain volume terms, international consumption increased 41.7%.

Tourism consumption in purchasers' prices over time
Financial year	Domestic consumption ($b)	International consumption ($b)
2016-17	97.892	32.924
2017-18	106.305	35.445
2018-19	120.643	37.691
2019-20	100.222	28.495
2020-21	88.312	0.999
2021-22	99.64	5.831
2022-23	157.461	25.955
2023-24	160.154	38.329

Tourism consumption in purchasers' prices over time

["Financial year","Domestic consumption","International consumption"]

[["2016-17","2017-18","2018-19","2019-20","2020-21","2021-22","2022-23","2023-24"],[[97.891999999999996],[106.30500000000001],[120.643],[100.22199999999999],[88.311999999999998],[99.640000000000001],[157.46100000000001],[160.154]],[[32.923999999999999],[35.445],[37.691000000000003],[28.495000000000001],[0.999],[5.8310000000000004],[25.954999999999998],[38.329000000000001]]]

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Tourism employment

In 2023-24,

tourism accounted for 4.4% of the filled jobs in the whole economy
the largest increases in filled jobs occurred in Education and training (up 13,700 jobs), Cafes, restaurants and takeaway food services (up 6,500 jobs) and Sports and recreation services (up 2,900 jobs)
increases were recorded in both full-time filled jobs (up 4.6% to 345,600 jobs) and part-time filled jobs (up 6.8% to 345,900 jobs)
filled jobs worked by males increased more than those filled by females with increases of 7.0% to 317,700 jobs and 4.5% to 373,700 jobs respectively.

Filled jobs, comparison of tourism to whole economy
	Tourism ('000)	Whole economy ('000)
2016-17	551.2	13,076.00
2017-18	593.1	13,479.20
2018-19	632	13,824.50
2019-20	548.6	13,829.50
2020-21	395	13,928.20
2021-22	431.6	14,447.10
2022-23	654.5	15,200.60
2023-24	691.5	15,608.50

Filled jobs, comparison of tourism to whole economy

["","Tourism","Whole economy"]

[["2016-17","2017-18","2018-19","2019-20","2020-21","2021-22","2022-23","2023-24"],[[551.20000000000005],[593.10000000000002],[632],[548.60000000000002],[395],[431.60000000000002],[654.5],[691.5]],[[13076],[13479.200000000001],[13824.5],[13829.5],[13928.200000000001],[14447.1],[15200.6],[15608.5]]]

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Change in tourism filled jobs by industry, 2022-23 to 2023-24
Tourism industry	Filled jobs ('000)
Education and training	13.7
Cafes, restaurants and takeaway food services	6.5
Sports and recreation services	2.9
Road passenger transport and transport equipment rental	2.6
Retail trade	2.3
Cultural services	2
Travel agency and information centre services	1.8
Accommodation	1.5
Clubs, pubs, taverns and bars	1.4
All other industries	1.3
Air, water and other passenger transport	1.1
Casinos and other gambling services	0

Change in tourism filled jobs by industry, 2022-23 to 2023-24

["Tourism industry","Filled jobs"]

[["Education and training","Cafes, restaurants and takeaway food services","Sports and recreation services","Road passenger transport and transport equipment rental","Retail trade","Cultural services","Travel agency and information centre services","Accommodation","Clubs, pubs, taverns and bars","All other industries","Air, water and other passenger transport","Casinos and other gambling services"],[[13.699999999999999],[6.5],[2.8999999999999999],[2.6000000000000001],[2.2999999999999998],[2],[1.8],[1.5],[1.3999999999999999],[1.3],[1.1000000000000001],[0]]]

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Flow of tourism consumption through the economy

The contribution of tourism to the Australian economy has been measured using the demand generated by visitors and the supply of tourism products by domestic producers.

The diagram below provides a graphical depiction of the flow of tourism consumption through the Australian economy in 2023-24. What the diagram highlights is that, unlike traditional ANZSIC industries in the Australian National Accounts, tourism is not measured by the output of a single industry, but rather from the demand side i.e. the activities of visitors. It is the products that visitors consume that define what the tourism economy produces. The diagram shows how the value of internal tourism consumption (as measured by the sum of international and domestic tourism consumption in purchasers' prices, that is, the price the visitor pays) is disaggregated to either form part of tourism GVA/tourism GDP, is excluded as it forms part of the "second round" indirect effects of tourism, or is output that was not domestically produced.

Image

Description

A flow chart representing the flow of tourism consumption through the Australian economy, year ending June 2024. Note, totals may not add due to rounding; tourism consumption is measured in purchasers’ prices unless otherwise specified. Other monetary aggregates are measured in basic prices; all figures in this diagram are in current price terms unless otherwise specified. Domestic tourist consumption to the value of $160,154 million is comprised of business and government, to the value of $30,304 million, and household, to the value of $129,850 million. International tourism consumption, to the value of $38,329 million, combines with domestic tourist consumption to create internal tourism consumption, to the value of $198,483 million. Internal tourism consumption splits into three values; internal tourism consumption at basic prices, to the value of $164,483 million; cost to retailers of imported goods sold directly to visitors, to the value of $15,511 million, and net taxes on tourism products to the value of $18,489 million. Internal tourism consumption at basic prices is comprised of cost to retailers of domestic goods sold directly to visitors, including wholesale and transport margins supplied domestically, to the value of $25,485 million; and direct tourism output, to the value of $138,998 million. Direct tourism output flows into two values; intermediate inputs used by tourism industries, to the value of $73,115 million; and direct tourism value added, to the value of $65,883 million. Cost to retailers of domestic goods sold directly to visitors and intermediate inputs used by tourism industries connect to second round (indirect) effects to supplier industries. Net taxes on tourism products flows into two values; net taxes on tourism products, to the value of $12,231 million; and net taxes on indirect tourism output to the value of $6,258 million. Direct tourism value added and net taxes on tourism products combine to create direct tourism GDP, to the value of $78,115 million. Direct tourism value added is used to estimate total tourism employment, to the value of 691,500 filled jobs.

Changes in this issue

Method changes

This iteration of the TSA includes a methodological update that implements new and improved data sources, enhances the accounts' alignment with international standards and improves the accounts' ability to capture changes in economic structures. The historical estimates for all tourism industries and products have been revised.

Data cube changes

Changes have been made to the data available for download.

The previous data cube has been split into seven separate data cubes.
Detailed product and industry data are only available back to 2016-17.
Income components of direct tourism gross value added is no longer published.

For more information, refer to the History of Changes section in the Methodology.

Tourism industry classification changes

The Rail transport industry has been relabelled as Rail passenger transport to better reflect the tourism aspect of this industry. Similarly, Other road transport is now Other road passenger transport and Air, water and other transport is now Air, water and other passenger transport.

Tourism product classification changes

Taxi fares has been relabelled as Taxi fares (including ride share) to better reflect what is captured under this product. Similarly, Motor vehicle hire and lease has been relabelled as Motor vehicle (including caravans) hire and lease.

Data downloads

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