Lower dollar continues to juice tourism

Wednesday 7 October 2015

The rebound in Australian tourism has been one major bright spot for the Australian economy, helped along in no small part by the depreciation of the Australian dollar.

As noted earlier this morning, the ABS’ overseas short-term arrivals and departures figures for August, released yesterday, revealed an ongoing improvement in Australia’s tourism position, with the ratio of annual arrivals to departures rising to 77.5%, which was the highest level since July 2011 (see next chart).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.