How significant is tourism for Berlin’s economy? The updated study, ‘Tourism as an Economic Factor in Berlin – TSA 2023’, provides a comprehensive answer to this question. Using the Tourism Satellite Account (TSA), which is based on international standards set by the United Nations World Tourism Organisation, the study systematically records tourist consumption expenditure and its resulting effects on value added and employment.
Tourism as an economic factor in 2024
Tourism is a key economic factor in Germany. The DIW Econ study ‘Wirtschaftsfaktor Tourismus 2024’ (Tourism as an Economic Factor 2024) analyses the industry’s current economic significance on the basis of a so-called nowcast. This is a statistical extrapolation of selected TSA result variables to the present day (2024). This is because the latest official TSA (Tourism Satellite Account) results from the Federal Statistical Office only go up to 2021 and are still significantly affected by the impact of the pandemic.
Regional economic effects of the energy transition in the Hanover region
The energy transition is a powerful economic driver for the Hanover region. A study by DIW Econ shows that an ambitious energy transition by 2035 would result in additional investments of around €24.9 billion, €14.3 billion of which would directly benefit the Hanover region. This could generate around €9.5 billion in gross value added and create an average of around 4,100 jobs. Local budgets would also benefit significantly, with projected additional tax revenues of around €470 million.
Urban development funding has a variety of effects
DIW Econ conducted a study on behalf of DIE STADTENTWICKLER based on data from SOEP and the INKAR database. The study examined living conditions in urban development areas and the impact of subsidies on the construction and renovation of housing.
TU Dresden – Driver for Business, Innovation and Growth
With around 30,000 students from 125 countries, 17 faculties and 119 degree programs, TU Dresden is one of the leading technical universities in Germany. As a University of Excellence and part of the DRESDEN-concept alliance, it drives innovation and strengthens Saxony as a business location through research cooperations and spin-offs.