Tourism in OECD Countries 2008
Trends and Policies
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Czech Republic
According to tourism satellite account (TSA) methodology, the contribution of the tourism industry to the Czech Republic’s GDP in 2005 was 3.1% (Table 3.20), with hotels and restaurants accounting for about 1.8% of GDP. Employment in the tourism sector (hotels and restaurants) reached 3.8% of total employment in the same year. Foreign currency revenues amounted to EUR 3 760 million in 2005 and their contribution to GDP was 3.8% and to exports 5.9%. Because of the rapid rate of growth in the national economy, however, and the stagnation of the tourism sector, tourism’s share of foreign currency revenues is declining. The level of nominal wages in this sector is well below the average of the Czech Republic. The total number of enterprises registered in this sector was 50 233 in 2005.
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