Philippine Tourism Satellite Accounts

Tourism Investments is 10.7 percent of the Country’s Total Fixed Assets; Government Spending on Tourism is 3.8 percent of Total Expenditures

The Philippine Statistics Authority (PSA) releases for the first time two new and additional indicators covering the period 2012 to 2019 on its annual compilation of the Philippine Tourism Satellite Accounts. These indicators namely: (1) the tourism gross fixed capital formation; (2) and the tourism collective consumption are part of the prescribed indicators elaborated in the 2008 Tourism Satellite Accounts: Recommended Methodological Framework (TSA:RMF) of the United Nations Statistics Division (UNSD), an international guide in compiling the TSA for countries.

Contribution of Tourism to the Philippine Economy is 12.7 percent in 2018

As measured by the share of Tourism Direct Gross Value Added (TDGVA) to the Gross Domestic Product (GDP), the contribution of tourism industries to the Philippine economy was estimated at 12.7 percent in 2018. 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 2.2 trillion in 2018, higher by 14.3 percent compared to previous year’s record of PhP 1.9 trillion.

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.

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