Zimbabwe adopts TSA for Tourism Sector accounting
Nevanji Munyaradzi Chiondegwa
Zimbabwe has adopted the Tourism Satellite Accounting system, an internationally accepted statistical tool to measure the GDP contribution of the Tourism and Hospitality sector, a Cabinet Minister has said.
“Cabinet wishes to inform the nation that in line with the National Development Strategy, (NDS 1 2021-2025), Government undertook to develop the Tourism Satellite Account (TSA), in order to improve the accounting of the performance of the Tourism Sector. A Technical Working group led by the Zimbabwe National Statistical Agency (ZIMSTAT) produced the TSA. The TSA is an internationally adopted statistical tool for the measurement of tourism’s contribution to the Gross Domestic Product (GDP), trade and employment in an economy,” said Acting Minister of Information, Publicity and Broadcasting Services Jenfan Muswere, during yesterday’s post Cabinet media brief.
The major findings of the TSA are that currently tourism is contributing US$ 1 964 592 880 (4.5%) to GDP. There is need to triple growth in the sector to reach the target of a US$5 billion tourism economy by 2025. It was also found that the tourism sector directly employed 99 141 people in 2018 and domestic tourism contributed US$765 724 073 compared to US$1 198 868 807 inbound tourism expenditure.
The results how that domestic tourism harbours immense potential that most be nurtured for sustainability.
Other findings are that collaboration among Government Agencies involved in collection of tourism statistics will be strengthened by utilization of digital platforms and such collaborations must be enhanced among the Zimbabwe Tourism Authority, the Department of Immigration and other State actors.
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