New Zealand’s tourism industry halved in size in the last 2 years but it is only a statistical revision

11 Mar 2016 Leave a comment

by Jim Rose in economic history, industrial organisation, politics - New Zealand, transport economics

At 4% of GDP and employment in 2014, that is half estimated size of the New Zealand tourism sector in 2012. Statistics are only estimates. The trouble is politicians and bureaucrats make decisions on the base of them that might not be able to be reversed. Little wonder that Hong Kong prospered by as collecting as few as statistics as possible.

Source: OECD Tourism Trends and Policies 2016 | OECD READ edition.

Source: OECD Tourism Trends and Policies 2014 | OECD READ edition.

The earlier New Zealand data referred to direct and indirect contributions while the latest data refers only to direct contributions. New Zealand is no longer top of the world.

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