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Tourism Satellite Accounts (TSAs)
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Tourism Direct Gross Domestic Product (TDGDP)
A measure of the total economic value added by all resident tourism industries within an economy. It is significant as it helps assess the direct contribution of tourism to the GDP.
Internal Tourism Consumption
The total consumption expenditure made by a visitor or on behalf of a visitor for and during his/her trip and stay at destination. It is significant because it is a key indicator of the economic impact of tourism.
Employment in the Tourism Industries
The number of jobs in industries that are directly related to tourism activities. The significance lies in highlighting the role of tourism in job creation and economic development.
Gross Fixed Capital Formation of Tourism Industries
The total investment made by tourism industries in fixed assets to maintain and grow their capacity. It is significant as it indicates the level of long-term confidence and investment in the tourism sector.
Tourism Collective Consumption
Public spending by government agencies on services directly linked to tourists, such as cultural festivals or national parks. It's significant because it shows the government's support and enhancement of tourism-related services.
Tourism Gross Fixed Capital Formation
The total value of a country's investment in assets that will provide tourism services in the future. It is crucial for understanding the growth and maintenance of tourism capacity.
Tourism Trade Balance
The difference between the money tourists spend in foreign countries (outbound) and the money spent by foreign tourists (inbound). It is significant because it affects a country's net earnings from tourism.
Non-monetary Indicators
These include various physical units like the number of visitors or overnight stays, which help in understanding tourism's socio-economic aspects. Their significance lies in complementing monetary measures with volume-based insights.
Outbound Tourism Expenditure
The spending of residents travelling abroad (outbound tourists), including payments to foreign carriers for international transport. Its significance lies in reflecting the outflow of economic resources from the tourist's home country.
Inbound Tourism Expenditure
The spending within the economy of a destination country by non-residents (inbound tourists). It is significant as it contributes to the earnings in the local tourism industries and the broader economy.
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