Frequent question: How much is international tourism worth to Australia?

In 2019, tourism in Australia accounted for 3.1% of the national GDP, contributing $60.8 billion to the Australian economy. The means that tourism GDP grew at a faster rate than the national economy. Of this, 26% came from international visitors to Australia while 74% came from domestic tourism.

What is international tourism worth to Australia?

THE ECONOMIC IMPORTANCE OF TOURISM

Tourism in Australia continues to be a driver of growth for the Australian economy, with domestic and international tourism spend totalling $122 billion in 2018-19. In the financial year 2018–19, Australia generated $60.8 billion in direct tourism gross domestic product (GDP).

How much money does tourism bring to Australia?

Australia is a world-leading tourist destination. Our tourism sector contributes $152 billion to our economy, supports more than 300,000 businesses and employs more than 660,000 Australians.

How much does tourism contribute to the Australian economy 2020?

Tourism’s contribution to economy GDP fell from 2.6% to 1.6%. Domestic tourism consumption fell 12.1%, and international fell 94.9% in chain volume terms. Tourism employed persons fell 20.3% to 507,000 people.

How many international tourists visit Australia each year?

In the calendar year 2015, there were 7.4 million international visitors in Australia, and 8.6 million in the year to June 2019, an increase of 3%. Tourism employed 580,800 people in Australia in 2014–15, 5% of the workforce. About 43.7% of persons employed in tourism were part-time.

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How much of GDP is tourism?

The travel and tourism industry’s total GDP accounted for 5.5 percent of the global GDP in 2020.

What is Australia’s largest market for international tourists?

China was the largest growth market. With short-term arrivals in Australia of 1.5 million up to June 2019, China overtook New Zealand, which contributed 1.4 million.

Is tourism a big industry in Australia?

The travel and tourism industry has been one of the largest industries in Australia, usually accounting for a 10 percent share of the GDP in Australia. Over 660,000 people were directly employed in the tourism sector in 2019 and the outlook for future growth in the industry looked good.

How much money does tourism make?

Overview. The U.S. travel and tourism industry generated over $1.6 trillion in economic output in 2017, supporting 7.8 million U.S. jobs. Travel and tourism exports accounted for 11 percent of all U.S. exports and nearly a third (32 percent) of all U.S. services exports.