Tourism Satellite Account (TSA) – a brief explanation
DIW Econ was responsible for calculating the Tourism Satellite Accounts for Germany and the federal states of Mecklenburg-Western Pomerania, Hamburg, Lower Saxony, Brandenburg, North Rhine-Westphalia, Schleswig-Holstein, Saxony-Anhalt and Berlin in cooperation with project partners such as the German Institute for Tourism Research (DITF).
The methodology of the Tourism Satellite Account has been presented by the DITF in cooperation with DIW Econ in the following video.
Tourism plays an essential economic role in many countries and regions. However, meaningful information on the economic importance of tourism cannot be derived directly from official statistics and national accounts. The reason for this is that the official economic statistics record tourism as a cross-sectional industry, such as the health, music or sports industry, and not as a separate economic sector in its own right.
To record the value-added of tourism for the economy as a whole, it is therefore necessary to expand the general classification of economic statistics. The Tourism Satellite Account (TSA) provides such an extension. It records the economic importance of tourism for the country or region, comparable to the economy as a whole and other industries.
With the internationally recognised methodology of the Tourism Satellite Account, it is possible to make comparisons between economic sectors, federal states and, if desired, states.
In the joint paper “Approaches to Measuring Tourism Economic Performance”, DIW Econ GmbH, the German Institute for Tourism Research (DITF) and dwif-Consulting GmbH & dwif e. V. have highlighted the different options for determining the economic impact of tourism. The tourism satellite account is more convincing than the demand-side target analysis due to its more comprehensive inclusion of tourism revenues, its (inter)national comparability and more precise determination of tourism gross value added and employment.
Overview of the Tourism Satellite Accounts (TSA) calculated by DIW Econ:
Comparison of results for selected federal states:
For Germany as a whole:
And for the following federal states: