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October 2018

The Australian tourism has remained a booming industry with a record-breaking growth contributing $107 billion to the Australian economy in 2014-15.  Both international and domestic tourists’ expenditure fed into that strong record, which is a direct 2.7 per cent industrial contribution to national Gross Domestic Product (GDP), accounts for 8.2 per cent of national exports and 4.6 per cent of total jobs. Tourism’s Gross Value Added (GVA) remained greater than the GVA earned from Agriculture, Forestry and Fisheries industry. In 2013-14, direct tourism GVA increased 3.4 per cent (or $1.3 billion) to $39.9 billion. The major players in this exponential growth remained: Education