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THE TOURISM SATELLITE ACCOUNT The Bahamas TSA Experience.

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Presentation on theme: "THE TOURISM SATELLITE ACCOUNT The Bahamas TSA Experience."— Presentation transcript:

1 THE TOURISM SATELLITE ACCOUNT The Bahamas TSA Experience

2 Brief Description of the Sector The Bahamas Tourism Sector involves the promotion of three major destinations:  Nassau & Paradise Island  Grand Bahama  And the Family Islands Some of the major segments of the sector include a variety of resorts, sports, religious groups, conventions, yacht tours, game fishing and world class dining.

3 Who 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

4 The 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.

5 The Bahamas Tourism Satellite Account The 2 nd Attempt was done with the assistance of Statistics Canada - Demi Kotsovos TSA –Supply and Use 2005 TSA – Supply and Use 2007 ◦ Household Expenditure Survey 2006 ◦ Economic Census 2007

6 STATUS OF TSA IN THE BAHAMAS Completed the 2007 TSA using the direct method. Currently working on a SUT for The next TSA will be extracted from the 2012 SUT

7 FUTURE PLANS Create a TSA from the 2012 SUT. Indirect and Induced results are expected to be estimated for Additional training of staff in TSA

8 AREAS FOR TECHNICAL SUPPORT Indirect and Induced Method of calculation. Training of staff by international bodies


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