The Bahamas is becoming more reliant on tourism

 Thursday, April 12, 2018 

Favorite

BahamasThe Bahamas will become reliant on tourism than ever before. It is expected to generate almost 60 per cent of GDP within a decade.

 
The World Travel and Tourism Council (WTTC) has predicted in its annual assessment that the sector’s GDP and investment growth rates will speed up even faster than this year over the 10-year period to 2018.

 
For the Bahamas, tourism is set to become the primary component for its economic growth and its best job creation driver.

 
The Bahamas is currently the world’s ninth most tourism-reliant economy, in terms of the sector’s contribution to GDP.

 
On the employment front, the WTTC has predicted that the direct tourism industry workforce will expand by 20,000 over the next decade.

 
Tourism-related visitor exports were almost 73 per cent of total Bahamian exports in 2017.

 

« Back to Page

Related Posts

PARTNERS

Subscribe to our Newsletter

I want to receive travel news and trade event update from Travel And Tour World. I have read Travel And Tour World's Privacy Notice.

Aug 18
August 18 - August 21
Sep 02
September 2 - September 4
Sep 06
September 6 - September 8
Sep 10
September 10 - September 11