2017: Tourism Contributed 16% Of Govt Revenue
Tourism contributed $162 million [or 16%] of the total government revenue for 2017, the total number of jobs related directly to tourism increased from 2,607 in 2016 to 2,996 in 2017, and the total combined contribution of the tourism industry’s Gross Value Added [GVA] to the Bermuda economy was $754 million.
This is according to the 2017 Tourism Satellite Account report from the Department of Statistics, which was released today.
Chart extracted from the report:
Minister for the Cabinet Office Walton Brown said, “The Tourism Satellite Report highlights the direct, indirect and induced effects of the tourism industry on output, employment and wages in Bermuda.
“In 2017, these combined effects contributed $754 million towards the Gross Domestic Product [GDP], 5,019 tourism-related jobs and $460 million in wages. Specifically, the direct contribution of tourism to the Bermuda economy increased for both employment and GDP compared to the previous year.”
Highlighted below is the tourism industry’s direct contribution to employment and GDP in Bermuda in 2017:
- The total number of jobs related directly to tourism increased 14.9 per cent to 2,996 in 2017.
- The number of Bermudian jobs related directly to tourism was 2,157, up 13.1 per cent from 2016.
- The tourism industry directly contributed $343 million or 5.5 per cent to Bermuda’s GDP in current prices.
“The public is advised to read the concepts and definitions on the last page of the report prior to reviewing the data,” the Ministry added.
The full 2017 Tourism Satellite Account report follows below [PDF here]:
Under OBA watch. Zane Desilva take note.
Don’t worry the new tourism Minister will interfere and mess things up!
Thank you Bill Hanbury. Thank you Kevin Dallas. Thank you BTA. Thank you OBA. Thank you America’s Cup. Thank you Michael Dunkley, Grant Gibbons and Bob Richards.
I second that!! It is a shame the Pee El Pee have chosen to belittle The Americas Cup for political purposes. Not only does it hurt Bermuda but also every person who contributed towards a first class event that we should all be proud of. The Pee El Pee are classless.
Better get under that hood and tear it apart
Very good results. Keep up the good work BTA!!
Jobs are up, revenue is up…. well done OBA. Has anyone done the ratio analysis of every dollar of income to every dollar spent?
OJ where are you dude? Can you please write something stupid so we can make fun of you.
Great job BTA!! Turning the Bermuda Tourism product around and creating Jobs!
Well done and keep up the good work
And no… this isn’t just a knock on effect from the US economy doing better. Obviously that helps.
But the BTA has Made Bermuda a relevant and exciting tourism destination again.
My livelihood depends on tourism. When it comes to tourism I don’t care about “Party” I simply want results and BTA has been outstanding as their record shows.
I hope Minister Desilva’s comments are simply soundbites to keep the voting base happy — but that he has enough common sense not to send Bermuda backwards by dismantling a hugely successful tourism authority.
yup tear it and get to the bottom of this success
Now let us see what the new boys can do??? A whole lot of bs talk and nothing to show but a decline of visitors. To think they have the nerve to say America’s Cup and the BTA did nothing for our economy. In what year were these clowns born?
The 1950s. Nuff said
So if IB left, taxes collected would fall by 84%. Think about that, Burt.
As usual plp & de silva want to fix something that is not broken.
Isn’t the first priority to fix the buses/trash trucks?. No. New govt cars, senceless overseas trips. Where are going? Another repeat of 1998-2012. It’s all downhill folks. Leave the BTA alone desiva. All you want is for you to take credit for tourism boost to stoke your so called ego.
Of course what is not accounted for are the secondary businesses which provide goods & services to tourism as well as non tourism customers. A much harder figure to quantify but a significant number of people employed & goods imported for the hospitality industry.
AC35 in 2016 & 2017 provided a great spike in the hospitality industry & many support services. You can be sure that PLP negativity has not been lost potential AC35 related visitors. They like a welcoming atmosphere when they are paying big bucks, not unabashed hate.
Will be all downhill from 2017 under Zane & his gang of butcher mechanics!
hurry and legalize de herbs then you will see real tourism