Philippine Tourism Satellite Accounts

Contribution of Tourism to the Economy is 12.2 Percent in 2017

In 2017, the tourism industries contributed 12.2 percent to the economy (Figure 1). It is measured by the share of Tourism Direct Gross Value Added (TDGVA) to the Gross Domestic Product (GDP). The TDGVA amounted to PhP 1,929.3 billion at current prices in 2017. This is higher by 24.2 percent than the previous year’s record of PhP 1,553.7 billion. The TDGVA is estimated using the benchmark 2012 Input-Output (I-O) table. The latest results of the Philippine Tourism Satellite Accounts (PTSA) provide information on tourism expenditure and employment.

Contribution of Tourism to the Economy is 8.2 Percent in 2015

As measured by the share of tourism direct gross value added (TDGVA) to total gross domestic product (GDP), the contribution of tourism to the economy was estimated at 8.2 percent in 2015 (Figure 1). Tourism cuts across different sectors of the economy and the TDGVA serves as the indicator to measure the value added of different industries in relation to tourism activities of both inbound and domestic visitors in the country. The TDGVA amounted to PhP 1,093.1 billion in 2015, higher by 14.8 percent compared to previous year’s PhP 952.2 billion.

Contribution of Tourism Industry to the Economy Averages 5.8 percent

  

For the years 2000-2010, the average share of tourism direct gross value added (TDGVA) to the country’s GDP is about 5.8 percent.  TDGVA’s share to total GDP provides measure of the economic contribution of tourism to the economy.  TDGVA in 2010 reached PhP 518.5 billion, 13.0 percent higher than previous year’s PhP 459.0 billion.

Contribution of Tourism Industry to the Economy Posts 5.9 percent in 2011

As measured by the share of tourism direct gross value added (TDGVA) to total gross domestic product (GDP), the contribution of tourism industry to the economy was 5.9 percent in 2011. It averaged 5.8 percent during the years 2000-2010. TDGVA, an indicator which measures the value added of different industries in response to activities of both domestic and inbound visitors, amounted to PhP 571.3 billion in 2011, higher by 10.2 percent than in the previous year.

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