Economic impact of tourism

  • Tourist consumption accounts for 2.6% of gross value added

    In 2018, the tourism direct gross value added (TDGVA) in the Flemish Region was equal to 5.4 billion euros or 2.6% of the total gross value added. This is the value added created by the consumption by tourists, regardless of whether this occurs in the tourism industries or in other industries. Everything purchased by non-tourists within the tourism industries is not taken into account. For example, expenditures incurred by tourists in a clothing store are included, but weddings in a hotel are not.

  • Nearly a third of the value added created by tourists outside tourist industries

    More than two thirds of the tourism direct gross value added is generated within the tourism industries. In 2018 this amounted to 3.7 billion euros. In addition, 1.7 billion euros gross value added was created by tourists in the non-tourism industries. Within the tourism industries, it is mainly in the hotel and food and beverage industry that tourists generate a relatively large share of gross value added. Restaurants and bars account for 1.3 billion euros and the accommodation sector for 740 million euros. The transport sector also accounts for more than 920 million euros in gross value added, created by tourists.

  • Tourism sector accounts for 4.3% of gross value added

    In 2018, the gross value added of the tourism industries (GVATI) in the Flemish Region amounted to almost 8.9 billion euros or 4.3% of the total value added. This figure includes the value added generated by the tourism industries, regardless of whether the products and services produced by the industries are consumed by tourists or non-tourists. For example: it includes the full gross value added of the hotel sector, including expenditure by non-tourists in a hotel like a wedding party.  However it excludes the gross value added of the non-tourism sectors. Value added created by tourists in the retail trade, for example, is not included. 

  • Mainly transport sector and hospitality sector generate gross value added

    Within the tourism industries, mainly the transport sector and hotels, restaurants and cafés make a significant contribution to gross value added: in 2018 they respectively accounted for 3.3 billion euros and 2.6 billion euros of gross value added. The accommodation sector and those related to second homes together generated 1.3 billion euros. Recreational and sports businesses and the cultural sector still account for 1 billion euros in gross value added.

  • Brussels Region partly recovers losses due to terrorist attacks in 2016

    For the Brussels Capital Region, the tourism direct gross value added (TDGVA) in 2018 was equal to 1.8 billion euros or 2.5% of the total gross value added. In the Flemish Region it was 5.7 billion euros and 2.6% of the total gross value added.  In total, the TDGVA of both regions is equal to 7.2 billion euros or 2.6% of the total gross value added in both regions.

    In the Brussels Capital Region, tourism direct gross value added increased by approximately 60 million euros between 2016 and 2018 (expressed in 2018 prices). In 2016, there was a large decrease due to the terrorist attacks in Brussels in March 2016. Despite the increase in 2018, direct gross value added to its 2014 level in absolute terms.   

    In 2018, the gross added value added of the tourism industries (GVATI) in the Brussels Capital Region was 3.7 billion euros or 5.3% of the total value added of the region. In the Flemish Region, it amounted to almost 8.9 billion euros or 4.3% of the total value added. The total gross value added of the tourism industries in the 2 regions together equaled 12.6 billion euros or 4.5% of the total value added.

Sources

Statistics Flanders, Tourism Satellite account Flemish Region 2018 and Tourism Satellite account Brussels Capital Region 2018

Definitions

Gross value added: the difference between the market value of the goods and services produced in 1 year and the market value of the goods and services consumed in the production process. In other words: it is the value that the production factors labour and capital add to the consumed or intermediate goods and services.

Publication date

19 February 2020

Next update

February 2022

More numbers