Economic accounts for tourism, 2019–2020

The release shows the results of calculating the economic importance of tourism for 2019 and 2020 prepared on the basis of the methodology of tourism satellite accounts (TSA).

Tourism consumption in Slovenia

Estimated total tourism expenditure in Slovenia in 2019 amounted to EUR 4,716 million and in 2020 to EUR 2,832 million, which is a drop to 60% of the previous year’s value. Other components of tourism consumption were estimated at EUR 81 million and EUR 76 million, respectively; total internal tourism consumption was thus estimated at EUR 4,797 million in 2019 and EUR 2,908 million in 2020, which is 61% of the value in 2019. Out of total tourism expenditure, expenditure of foreign visitors represented 72% (EUR 3,377 million) in 2019 and the share dropped to 53% (EUR 1,506 million) in 2020. Expenditure of domestic visitors thus amounted to almost half of total tourism expenditure in 2020 (47%).

Tourism expenditure of foreign visitors

Expenditure of foreign tourists, i.e. visitors with at least one overnight, represented 48% in 2019 and 37% in 2020 of total expenditure of foreign visitors (EUR 1,607 million in 2019 and EUR 552 million in 2020). Expenditure of same-day visitors (excursionists or transit guests) represented 52% and 63% (EUR 1,770 million in 2019 and EUR 953 million in 2020). Expenditure of foreign tourists in 2020 thus amounted to 34%, expenditure of same-day visitors to 54% and total expenditure of foreign visitors to 45% of the value in 2019.

Tourism expenditure of domestic residents in Slovenia

Tourism expenditure of domestic residents in Slovenia comprises expenditure on the domestic trips and domestic part of expenditure on the trips abroad. Expenditure on the domestic trips was in 2019 estimated at EUR 1,016 million and in 2020 at EUR 1,232 million, which was an increase by 21%. This expenditure represented 76% and 93% of total expenditure of domestic visitors, respectively. Out of this, expenditure of tourists represented 41% and 44%, respectively, and expenditure of same-day visitors 59% and 56%, respectively. The domestic part of expenditure on the trips abroad amounted to EUR 323 million in 2019 and dropped to EUR 94 million in 2020 or 24% and 7%, respectively, of total expenditure of domestic visitors in Slovenia.

Tourism expenditure of domestic residents abroad

Estimated tourism expenditure of domestic residents abroad was in 2019 EUR 1,269 million and in 2020 dropped to EUR 480 million, which represented 38% of the value in 2019. Expenditure of domestic residents for travels abroad amounted together with the domestic part of expenditure for these trips to EUR 1,593 in 2019 and to EUR 574 million in 2020.

Tourism value added and tourism gross domestic product (GDP)

Tourism consumption represented 3.6% of total supply of goods and services in the economy in 2019 and 2.3% in 2020. Upon the calculation of the shares that domestic producers have in the supply of individual groups of tourism products, tourism (direct) value added was calculated. It amounted to EUR 1,636 million in 2019 and dropped to EUR 952 million in 2020. It represented 3.9% of total value added in the economy in 2019 and 2.3% in 2020.

In addition to value added, tourism (direct) GDP comprises also net taxes on expenditures for tourism goods and services. Taking into account all taxes paid as a consequence of tourism consumption, tourism GDP amounted to EUR 2,612 million in 2019 and EUR 1,536 million in 2020. This represented 5.4% in 2019 and 3.3% in 2020 of total GDP in Slovenia.

Total, direct and indirect effects of tourism consumption

In addition to direct effects, tourism consumption has also indirect effects on the increase in output, value added and GDP, since tourism consumption triggers demand also in other parts of the economy supplying goods and services for the production of tourism products (multiplier effects). With the increase in output, incomes of households are also increased and they further trigger demand and consumption. The calculated total value added which was the consequence of tourism consumption amounted to EUR 2,997 million in 2019 and EUR 1,817 million in 2020 or 7.1% and 4.4%, respectively, of total value added in the economy. The calculated total GDP that was the consequence of tourism consumption amounted to EUR 4,127 million in 2019 and EUR 2,485 in 2020 or 8.5% in 2019 and 5.3% in 2020 of GDP in the economy.

Tables with the latest data are available in the SiStat Database.