Presentation on theme: "THE TOURISM SATELLITE ACCOUNT"— 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 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.
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 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
6 STATUS 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
7 FUTURE 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
8 AREAS FOR TECHNICAL SUPPORT Indirect and Induced Method of calculation.Training of staff by international bodies