Budget 2007-2008 Northern Territory Economic Overview
Tabled paper 865
Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT
2007-05-01
Tabled By Sydney Stirling
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.
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Tabled papers
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https://www.legislation.gov.au/Series/C1968A00063
https://hdl.handle.net/10070/283514
https://hdl.handle.net/10070/410859
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