National Tourism Indicators (NTI)

Tourism share of GDP at basic prices of economy, proportion

Tourism share GDP at basic prices refers to the total unduplicated value, at basic prices, of the goods and services produced in the economic territory of a country or region, specifically in the industries where the main activity is related to tourism, during a given period. GDP at basic prices is GDP at market prices minus taxes less subsidies on products; it is also equal to the traditional value at factor cost plus taxes less subsidies on the factors of production (labour and capital). Then the value described above is divided by the value of GDP at basic prices for the entire economy resulting in a percentage representing the importance of tourism in the economy.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following measurements:

• Percentage