These Destinations Need Your Tourist Dollars the Most

Mar 22, 2018

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Tropical islands are the destinations most dependent on money generated from tourism and travel. That’s what a new report by the World Travel and Tourism Council says. 

The report, released on Thursday, calculates the economic and employment impact of travel and tourism for 185 countries and showed that in 2017, tourism accounted for 10.4% of global GDP and 313 million jobs worldwide, which is about 9.9% of total global employment.  

The Maldives is the destination that is most reliant on tourist dollars. Travel and tourism represents 39% of its total GDP. Tourism directly supported 34,500 jobs (16.0% of total employment) in the Maldives last year.  

Following the Maldives is British Virgin Islands, where tourism accounts for 35.4% of GDP. As far as European countries, the most reliant on tourism are Malta (it accounts for 14.2% of GDP), followed by Montenegro (11% GDP), Croatia (10.9% GDP) and Georgia (9.3% GDP).

Here are the top 10 countries with the most tourism-dependent economies: 

1 .Maldives

2. British Virgin Islands

3. Macau

4. Aruba

5. Seychelles

6. Curaçao

7. Anguilla

8. Bahamas

9. Vanuatu

10. Cape Verde

The travel and tourism industry grew 50% faster than the overall global economy in 2017, which was a record year for the tourism sector. The industry created 7 million new jobs last year, with 1 in 5 of all new jobs across the world attributed to travel and tourism. 

By 2028, the industry will support more than 400 million jobs globally, which is about 1 in 9 of all jobs in the world.

Featured Image by Matteo Colombo via Getty Images.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.