Traditional Culture Encyclopedia - Tourist attractions - Principle and function of tourism satellite account
Principle and function of tourism satellite account
In the early 1990s, the World Trade Organization (WTO) and the Organization for Economic Cooperation and Development (OECD) did a lot of research work on the importance of tourism to the social economy, and made great efforts to solve the difficult problems such as how to describe the tourism economy and how to measure the impact of tourism on the economy, which played an important role in the establishment of satellite accounts later. WTO, OECD, Eurostat and the United Nations Statistics Division collaborated to compile "Tourism Satellite Accounts: A Proposed Methodological Framework (TSA: RMF)". The Statistical Commission agreed to this framework and approved its adoption in March 2000.
Tourism satellite accounts provide decision makers with an overview of the tourism sector and a comparison with other economic sectors. Following the principle of national economic accounting, the framework has formulated a series of global standards and definitions to measure the contribution of tourism to GDP, employment, capital investment, taxation, and the important role of tourism in the country's international balance of payments.
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