Published on : Thursday, April 27, 2017
Tourism is a huge industry in Iceland and it actually witnesses more tourists every year than its total population. Of the 136 top economies in the world, Ukraine is the least dependable on tourism with just 1.4% of its gross domestic product coming from visitors. Russia is close behind.
Russia’s economy is most reliant on oil, and it is the world’s second-largest oil exporter. Ukraine’s economy is also largely based on energy. The United States has a $488 billion travel industry — the largest in the world. The US is heavily reliant on tourism. But travel to the US is now on decline with President Trump’s travel policies, which have made the country “an uncomfortable place for foreigners.” Travel to the US could drop by 8% this year.
Still the US is way ahead many other countries as far as size of its tourism industry goes. Other countries reliant on tourism include Malta, Croatia, Thailand and Jamaica. Iceland is also another country dependent on tourism. The dramatic and ethereal landscapes of Iceland’s colorful villages and icy waterfalls are being documented on millions of Instagram feeds.