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Release Date:
13 February, 2024
Tourism Satellite Accounts provide an internationally recognized and standardized method of assessing the scale of tourism related production and its links across different sectors. The economic contribution of tourism to Namibia’s economy was measured through the construction of the 10 TSA tables. Overall, the derived accounts analysed all aspects of demand for goods and services that are associated with tourism within the economy, monitored the operational interface of the supply of such goods and services, and evaluated how the supply interacts with other economic activities. The primary objective of this TSA was to determine the direct economic contribution of tourism to Namibia’s economy. The secondary objectives included estimating tourism demand and supply; assessing value added by tourism activities in the economy; measuring employment generated by tourism activities; the Gross Fixed Capital Formation (GFCF) by the sector; and the collective consumption of tourism services by the Government