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Australian tourism growing more than three times as fast as rest of economy

Staff Writer |
The tourism industry retains its super growth status with the sector growing more than three times as fast as the rest of the economy for the 2015-16 year, according to the Australian Bureau of Statistics’ (ABS) Tourism Satellite Account.

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The Tourism Satellite Account is published annually by the ABS and estimates the economic contribution of the tourism industry to the Australian economy.

Growing at 7.4 percent over the 12 month period, the direct contribution of the tourism industry to Gross Domestic Product reached $52.9 billion.

The industry continued to employ more Australians, with more than 580,000 jobs linked directly to the sector. One in 20 Australians now work directly in tourism-related jobs, including in accommodation, aviation and attractions.

Tourism continues to be one of Australia’s largest and fastest growing export earners, with exports increasing by 11.1 percent to $34.2 billion, the highest increase since Australia hosted the Sydney Olympics in the year 2000.

The Coalition is supporting the tourism industry with a record $639 million investment in Tourism Australia for offshore marketing. The government is also making improvements to Australia’s visa system, including multiple entry visas and premium processing services.

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