Dominican Republic is a Latin American tourism champion
MIAMI.- (Latinvex).- The Dominican Republic continues to be a Latin American champion in receipts as a percent of its GDP, according to a to a Latinvex analysis data from the World Tourism Organization and the International Monetary Fund.
Dominican tourism receipts last year reached US$4.5 billion. That was 7.7 percent of the country’s US$59 billion economy. No other country in Latin America as a high a ratio between receipts and GDP.
Meanwhile, international arrivals grew by 5.9 percent to 4.6 million. When compared to its population, the arrival ratio is 40.3 percent, the third-highest in Latin America.
On average each visitor spent US$996.9, considerably higher than the Latin American average of US$860, according to Latinvex.
The Dominican Republic ranks fourth in Latin America in terms of both number of tourists and receipts from tourists. Mexico leads, followed by Brazil and Argentina.
Overall, Latin America received a total of 80.2 million international arrivals last year, an increase of 3.1 percent from 2011. Total receipts reached US$68.9 billion, a 5.3 percent increase.
Category: DR News |