The Flemish Community of Belgium has become one of the first regions worldwide to determine the contribution of tourism to its economy using the United Nations approved Tourism Satellite Account (TSA). Results were announced during the official visit of the UNWTO Secretary-General (12-13 March 2012).By implementing the TSA, the Flemish Community was able to measure exactly how much of the region’s economy is based on tourism. Results show tourism in the Flemish Community and Brussels-Capital contributed 12.6 billion euros, or 5.3% of total gross value added to the economy.
“The results of the TSA have confirmed tourism as one of the region’s most vibrant sectors and a vital contributor to economic growth,” said UNWTO Secretary-General, Taleb Rifai, commending the initiative.
“Over the past few years, UNWTO has been working to address the specific challenges facing regional tourism, including how to analyze tourism flows and measure their economic impact at this level. Adapting the TSA at the regional level is a major step forward in this regard and I congratulate the Flemish Community on becoming one of the first regions in the world to do so,” he added.
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