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Answer to Question #65586 in Macroeconomics for jennifer

Question #65586
Having to do with tourism in New Zealand Vs. Tourism in Australia.
What Factors of production of the germane resources in each country were different in 2009 as compared to 2013?
Expert's answer
Tourism in Australia is an important component of the Australian economy. In the financial year 2014/15, tourism represented 3.0% of Australia's GDP contributing A$47.5 billion to the national economy. Domestic tourism is a significant part of the tourism industry, representing 73% of the total direct tourism GDP. In calendar year 2015, there were 7.4 million visitor arrivals.[1]
Tourism is an important industry in New Zealand, directly contributing NZ$7.3 billion (or 3.7%) of the country's GDP in 2013, as well as directly supporting 110,800 full-time equivalent jobs (nearly 6% of New Zealand's workforce). A further 5% of GDP (or NZ$9.8 billion) is indirectly contributed through the flow-on effects of tourism. International tourist spending accounted for 16% of New Zealand's export earnings (nearly NZ$10 billion). International and domestic tourism contributes, in total, NZ$24 billion to New Zealand's economy every year. The vast majority of tourist arrivals to New Zealand come through Auckland Airport, which handled nearly fifteen million passengers in 2013. [2]

References:
1. https://en.wikipedia.org/wiki/Tourism_in_Australia
2. https://en.wikipedia.org/wiki/Tourism_in_New_Zealand

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