Economic accounts for tourism, Slovenia, 2012, estimation for 2014

In the release we show results of calculations of the economic importance of tourism, which were prepared on the basis of the methodology of tourism satellite accounts (TSA). We prepared the calculations for 2012 on the basis of detailed data from the tourism consumption and supply side and on the basis of available data and indicators estimated aggregates for 2014.

The most important macroeconomic aggregates which are derived from the preparation of TSA and which we present here are value of tourism consumption in the country according to individual categories, tourism value added and tourism GDP.

Tourism consumption in Slovenia

Total tourism expenditure in Slovenia in 2012 was estimated at EUR 3,449 million and in 2014 at EUR 3,515 million and grew by 1.9% in this period. Other components of tourism consumption were estimated at EUR 77 and 73 million, respectively; total internal tourism consumption was therefore EUR 3,526 million in 2012 and EUR 3,587 million in 2014. Out of total tourism expenditure, expenditure of foreign visitors represented 68% (EUR 2,343 million) in 2012 and 69% (EUR 2,408 million) in 2014.

Tourism expenditure of foreign visitors

Among total expenditure of foreign visitors, in both years expenditure of foreign tourists, i.e. visitors with at least one overnight, represented around 42% of total expenditure (EUR 974 million in 2012 and EUR 1,017 million in 2014) and expenditure of same-day visitors (excursionists or transit guests) around 58% (EUR 1.369 million in 2012 and EUR 1,391 million in 2014). Expenditure of foreign tourists grew by 4.4% in this period and expenditure of same-day visitors by 1.6%; total increase of expenditures of foreign visitors was 2.8%.

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 2012 estimated at EUR 809 million and in 2014 at EUR 814 million, which is 73% and 74% of total expenditure of domestic visitors, respectively. Out of this, expenditure of tourists represented 42% and 43%, respectively, and expenditure of same-day visitors 58% and 57%, respectively. The domestic part of expenditure on the trips abroad amounted to EUR 297 million in 2012 and EUR 293 million in 2014 or 27% and 26%, respectively, of total expenditure of domestic visitors in Slovenia.

Tourism expenditure of domestic residents abroad

Tourism expenditure of domestic residents abroad was in 2012 estimated at EUR 906 million and in 2014 at EUR 923 million. Therefore, expenditure of domestic residents for travels abroad amounted together with the domestic part of expenditure for these trips to EUR 1,203 in 2012 and to EUR 1,216 million in 2014, and was much higher than expenditure of domestic residents for travels in Slovenia (EUR 809 million in 2012 and EUR 814 million in 2014).

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 2012 and 3.5% in 2014. 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 1,162 million in 2012 and EUR 1,182 million in 2014 and in both years represented the same share, i.e. 3.7% of total value added in the economy. Tourism value added in tourism characteristic activities represented around 67% of total tourism value added.

Tourism (direct) GDP comprises in addition to value added 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 1,747 million in 2012 and EUR 1,824 million in 2014 and in both years represented 4.9% of total GDP in Slovenia.

Total, direct and indirect effects of tourism consumption

In addition to direct effects that tourism consumption has on the increase in output, value added and GDP, also indirect effect can be estimated, since tourism consumption triggers demand also in other parts of the economy supplying goods and services for the production of tourism products, i.e. multipliers effects. With the increase in output, incomes of households are also increased and these further trigger demand and expenditure. For the calculation of total effects we therefore used input-output multipliers, augmented for the consideration of changes in incomes and expenditure of households (SAM-multipliers). The calculated total value added which was the consequence of tourism consumption amounted to EUR 2,261 million in 2012 and EUR 2,300 million in 2014 or 7.2% and 7.1%, respectively, of total value added in the economy. The calculated total GDP which was the consequence of tourism consumption amounted to EUR 2,959 million in 2012 and EUR 3,058 in 2014 or 8.2% of GDP in the economy.

Detailed TSA tables which contain data on individual categories of tourism consumption and their structure by products, connection of tourism consumption with tourism supply and other indicators are published in the attachments.