Presentation on theme: "THE TOURISM SATELLITE ACCOUNT"— Presentation transcript:
1THE TOURISM SATELLITE ACCOUNT The Bahamas TSA Experience
2Brief Description of the Sector The Bahamas Tourism Sector involves the promotion of three major destinations:Nassau & Paradise IslandGrand BahamaAnd the Family IslandsSome of the major segments of the sector include a variety of resorts, sports, religious groups, conventions, yacht tours, game fishing and world class dining.
3Who Are Involved?Approval Committee: Governor Central Bank, Director of Statistics, Director of Economic Planning, Ministry of Finance, Director General of Tourism, Senior Director of Research and Statistics, Minister of Tourism.Working Committee: Statistical Assistant, Research Central Bank; National Accounts Staff and Supervisor, D.O.S.; General Manager Ministry of Tourism
4The Bahamas Tourism Satellite Account First Attempt was done with the Assistance of Global Insights (Adam Sacks)Used a number of Sources (BOP, External Trade Statistics, Ministry of Tourism Exit Survey, Expenditure Survey)Lack of Supply and Use Tables made it more difficult to reconcile the data.
5The Bahamas Tourism Satellite Account The 2nd Attempt was done with the assistance of Statistics Canada - Demi KotsovosTSA –Supply and Use 2005TSA – Supply and Use 2007Household Expenditure Survey 2006Economic Census 2007
6STATUS OF TSA IN THE BAHAMAS Completed the 2007 TSA using the direct method.Currently working on a SUT forThe next TSA will be extracted from the 2012 SUT
7FUTURE PLANS Create a TSA from the 2012 SUT. Indirect and Induced results are expected to be estimated for 2012.Additional training of staff in TSA
8AREAS FOR TECHNICAL SUPPORT Indirect and Induced Method of calculation.Training of staff by international bodies