In 2015–16, Gross Domestic Product (GDP) from tourism increased 7.4% (or $3.7 billion) in nominal terms , to reach a record of $53 billion. In real terms , the increase was 6.1%. While the pace of growth was slightly softer than last year’s rate of 9.0%, it marks the second year in succession that tourism growth has exceeded the national rate of economic growth, helping to boost growth in a period of transition for the Australian economy.
Over this same two-year period, GDP attributable to tourism has increased by 17.0%, compared with just 4.1% for the economy as a whole.
In 2015–16, tourism accounted for a 3.2% share of total GDP – up from a 3.0% share in 2014–15, and the highest share since 2003–04.
Viewed over a longer timeframe, Australia’s tourism industry is often sensitive to global threats and changing economic conditions, however, the industry is also highly resilient and these impacts are not long lasting.
 Nominal terms: the value includes price (inflation) effect and volume.
 Real terms: the value represents volume only without the effect of price.