New economic analysis by Deloitte Access Economics shows the Australian cruise industry contributed $828.1 million to the national economy in 2010-2011 – an increase of more than 44 percent on its contribution of $576.6 million in 2007-2008.
State by state breakdown:
New South Wales: Sydney has experienced significant growth in value added and employment since the previous report was undertaken in 2007-08. Value added has increased from $232 million (2011 AUD) to $371 million in 2010-11. This is equivalent to growth of 60 per cent over the three years.
Queensland: There has been a significant amount of activity in the cruise tourism industry in Queensland since the previous report was undertaken. Total value added has increased from $105 million in 2007-08 (2011 AUD) to more than $166 million in 2010-11. Over the three years this is equivalent to growth of around 60 per cent.
Victoria: Growth in value added in Victoria has averaged around 13 per cent in the three years since the previous report was undertaken, this is equivalent to total growth of 45 per cent, resulting in expenditure increasing from just less than $42 million in 2006-07 to $60 million in 2010-11. Therefore while growth has not been as strong as Queensland and NSW, growth in Victoria has been notable.
South Australia: The total economic contribution of the tourism-related port activity in South Australia is just over $3.1 million (AUD 2011)). Included in the value added is wages paid to employees of $1.7 million, the cruise-related activity generates about 30 FTE workers in the South Australian economy.
Western Australia: Western Australia has experienced significant growth since the previous time this report was undertaken in 2006-07, total value added has increased from $22 million (2011 AUD) to almost $38 million in 2010-11, total growth over the period is 68 per cent, or almost 19 percent annually.
Tasmania: Unlike many of the other regions in Australia Tasmania has experienced a period of significant slowdown in value added since the previous report was undertaken. Total value added over the period has fallen from $16.1 million in 2007-08 to just under $7 million. This is negative growth of almost 25 percent over the three years.
Northern Territory: The Northern Territory has experienced considerable growth over the period since 2006-07 total value added has increased by 213 percent, at an annualised rate of 47 percent. Total value added has increased from $14.8 million in 2007-08 (2011AUD) to more than $46 million in 2010-11.