In Caribbean region, the travel and tourism sector contributed more than 60 billion U.S. dollars to the gross domestic product in 2022. Among all listed Caribbean territories, the Dominican Republic and Cuba registered the highest total contributions of this sector to the GDP.
Which islands are dependent on tourism?
Antigua and Barbuda was the Caribbean economy that relied the most on travel and tourism in 2021, with this sector accounting for more than 60 percent of its gross domestic product (GDP). Aruba followed that year as the Caribbean island with the second-largest share of GDP from tourism.
What Caribbean island has the most tourism?
At the top of the list is the Dominican Republic (DR). In 2022, over 8.5 million tourists visited the island, making it not only the most popular destination in the Caribbean, but a top five tourist spot within North, Central, and South America.
Does Aruba rely on tourism?
The economy of Aruba is an open system, with tourism currently providing the largest percentage of the country's income.
Which Caribbean islands rely on tourism?
Which country relies on tourism the most?
New research reveals the countries that rely on tourism the most, from the Maldives to the Bahamas.
| Rank | Country | Tourism contribution to employment |
|---|---|---|
| 1 | Aruba | 29.91% |
| 2 | British Virgin Islands | 24.03% |
| 3 | Maldives | 15.74% |
| 4 | Seychelles | 25.35% |
How much of the Caribbean economy is based on tourism?
Beginning from a base of about 4 million tourists in 1970, the region now receives more than 26 million visitors a year. The sector accounts for a large share of many economies in the region, ranging from 7 percent to 90 percent of GDP, and 32 percent as a simple average (Figure 3.1).
What are the least visited islands?
Synopsis. Tuvalu, one of the world's most beautiful island destinations, is not only the least visited, but is also one of the places that we might never get to visit in the near future. Reason is the nation might disappear sooner than estimated.
How much does the Bahamas rely on tourism?
The Bahamian economy is heavily dependent on tourism and financial services and these sectors have traditionally attracted the majority of foreign direct investment (FDI). Tourism contributes over 50 percent of the country's GDP, and employs just over half of the workforce.
Which Caribbean country has the best economy?
Regarding GDP per capita, Bermuda is the wealthiest Caribbean country as well as one of the richest island countries in the world. Bermuda is a popular vacation destination, particularly for individuals from America, Britain, and Canada, and receives around 500,000 visitors each year.