Ethiopia advances tourism sector with launch of first-ever Tourism Satellite Account
Ethiopia has taken giant strides towards advancing the economic potential of its tourism sector by launching its first-ever Tourism Satellite Account (ET-TSA).
The account launched by Ethiopia’s tourism ministry is designed to measure goods and services associated with tourism according to international standards, concepts, classifications, and definitions.
Tourism Minister Nasisie Chali who launched the account on September 17 indicated that it will serve as an instrument to measure the generation of the tourism economic data.
It will also provide the required data based on which new policies will be formed for the sector.
‘The establishment of TSA is a strategic initiative aimed at realizing the full economic potential of Ethiopia’s tourism sector by providing essential data for evidence-based policy formulation, decision making and strategic planning,” she was quoted.
TSA will highlight relevant information about the contribution of tourism to GDP, job creation, and investment among others.
The Tourism Satellite Account is a globally recognised statistical framework developed by the United Nations World Tourism Organisation (UNWTO) in collaboration with the United Nations Statistics Division, the International Monetary Fund and other international bodies.
The TSA project which started on February 4, 2023 is in collaboration with the Ministry of Planning and Development and various stakeholders from both public and private sectors.
