A tourism satellite account for Austria

In 2019 the direct value added from tourism was €21.69 billion, corresponding to 5.5% of total value added (GDP).

Of the total spending on vacation and business trips as well as visits to friends and relatives of €37.65 billion in 2019, 55.2% was spent by non-resident visitors, 44.2% by resident travelers; total spending by tourists staying in their weekend houses or second homes amounted to 0.6%.

In 2019 the tourism industry created €21.69 billion (incl. business trips) in direct value added, corresponding to 5.5% of GDP.

The national economic importance of tourism and its contribution to total national value added is a key indicator for economic politics. In order to depict this key indicator, the TSA results need to be presented taking into account all direct and indirect effects from tourism. The application of current input-output multipliers on the corrected TSA results to estimate the indirect effects showed direct and indirect value creation of €29.74 billion in 2019. This means that the direct and indirect contribution to the Gross Domestic Product (GDP) was 7.3%. In 2019 the share is also expected to account for 7.5%.

According to an estimate by the Austrian Institute of Economic Research (WIFO) regarding the year 2020, due to the COVID-19 pandemic and the related hotel closures and travel restrictions, the total expenditure of resident and non-resident guests in Austria should decrease by almost a third (-29.6%) to €26.49 billion. The decline in spending by resident guests was significantly lower than that of non-resident guests (-41.3% and -15.5%). Accordingly, the direct and indirect value added effects of tourism also decreased, by 31.0% to € 20.50 billion, with the share of GDP falling from 7.5% to 5.5%.

Further information and results related to the most recent Tourism Satellite Account (TSA) can be found in the "Tourism Report 2020" (in German only) of the Federal Ministry Agriculture, Regions and Tourism and on the WIFO-website (Download-Button: STAT/WIFO-study; in German only).

The macroeconomic importance of tourism in Austria 2000 to 2020
Tourism consumption expenditure by non-resident and resident visitors in Austria 2000 to 2020
Tourism consumption by products in Austria 2000 to 2019

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