Description: Tourism % contribution to GDP (Constant Prices)
Sub description20082009201020112012201320142015201620172018
Tourism % contribution to GDP (Constant Prices)3.83.43.43.43.73.94.23.93.93.94.3
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DATA IDENTIFICATION


Name
Tourism % age contribution to GDP (SDG 8.9.1)
Indicator purpose

This indicator measures the direct value added by tourism as a percentage of the Gross Domestic Product (GDP) by age.

Abstract

Tourism Direct GDP (TDGDP) is defined as the sum of the part of gross value added (at basic prices) generated by all industries in response to internal tourism consumption plus the amount of net taxes on products and imports included within the value of this expenditure at purchasers’ prices (TSA: RMF 2008 para. 4.96). Presenting this economic contribution of tourism as a share of GDP shows the relative size of the tourism sector in the economy.

Data source

Belize Tourism Board and Statistical Institute of Belize

DATA CHARACTERISTICS



Contact organization person

Belize Tourism Board and Statistical Institute of Belize

Date last updated
29-OCT-2019
Periodicity

Annual

Unit of measure

Percentage (%)

Other characteristics

N/A

DATA CONCEPTS and CLASSIFICATIONS



Classification used

Gross Domestic Product (GDP) measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in an economic territory country in a given period of time (say a quarter or a year). It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP can be measured using the expenditure approach as the sum of expenditure on final consumption plus gross capital formation plus exports less imports, the production approach as the value of output less intermediate consumption plus any taxes less subsidies on products not already included in the value of output, or the income approach as compensation of employees plus gross operating surplus plus gross mixed incomes plus taxes less subsidies on both production and imports.

Disaggregation

Disaggregation is by sex, age.

Key statistical concepts

Method of computation: Tourism Direct GDP (as % total GDP and in growth rate) (TDGDP/GDP)*100

Formula
-
OTHER ASPECTS



Recommended uses

This indicator is useful for policy on tourism at national level and the level of sub-national regions as it gives the only credible measure of the economic contribution of tourism, which can be compared to GDP contributions of other economic activities. The indicator has been found especially useful in promoting and mainstreaming tourism in policy agendas at all levels. The indicator can also be compared across countries, although true international comparability of the figures needs to be improved.

Limitations

It has been difficult to measure the contribution of tourism to GDP. The development of the tourism satellite account has been an important step in advancing the measurement of the economic contribution of tourism (see the World Tourism Organization (United Nations et al., 2010). TSA measures direct contributions of tourism consumption to the national economy. However, it does not account for the indirect contributions of tourism to GDP. Tourism’s direct contributions to GDP can be calculated by subtracting domestic business travel from tourism expenditures (treating as intermediate purchase), then using the resulting expenditures to calculate the direct contribution of tourism to GDP.

Other comments

Metadata shown was gathered from United Nation Statistics Division. The metadata was extracted from https://unstats.un.org/sdgs/metadata/.