Territory Stories

Budget 2007-2008 Northern Territory Economic Overview

Details:

Title

Budget 2007-2008 Northern Territory Economic Overview

Other title

Tabled paper 865

Collection

Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT

Date

2007-05-01

Description

Tabled By Sydney Stirling

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/283514

Citation address

https://hdl.handle.net/10070/410859

Page content

Economy Overview Tourism Tourism plays a significant role in the Northern Territory economy, creating demand and generating employment in a range of different industries, including hospitality, retail trade and transport. Since 2003-04, tourisms contribution to the economy has been measured by a new method. In 2005-06, tourism gross value added was estimated at $715.6 million, accounting for 7.2 per cent of Territory gross state product. Tourism consumption was $2 billion in the Territory in 2005-06, which is 22 per cent of total consumption in the Territory. Total visitor numbers including international, domestic overnight and domestic same day, declined moderately in 2005-06. Higher visitor expenditure resulted in minimal change in tourism expenditure levels in 2005-06. In 2006-07, tourism in the Territory is expected to be broadly positive, with the outlook for 2007-08 forecasting steady growth. 0 500 1000 1500 2000 2500 3000 00 01 02 03 04 05 06 Year ended June Total visitors Domestic day visitors International visitors number (000) Domestic overnight visitors Territory Visitors Source: Tourism Research Australia