Last year, tourism revenues as a percentage of its gross domestic product (GDP) stood at 8.1%, the highest percentage in Latin America.
The Dominican Republic remains the leader in Latin America in tourism receipts as a percentage of GDP and the second largest tourism market in Latin America in terms of receipts and visits, behind only Mexico, according to a new analysis by the digital publication Latinvex based on statistics from UN Tourism and the governments of the Dominican Republic and Uruguay.
Last year, tourism revenues as a percentage of its gross domestic product (GDP) stood at 8.1%, the highest in Latin America and five times higher than the region’s average of 1.8%.
The percentages for the other main tourism markets in Latin America are 2.1% for Colombia, 1.7% for Mexico, and just 0.3% for Brazil, the lowest level in the region.
The country’s tourism revenues of 9,751 million dollars last year are higher than those of countries such as Colombia, Brazil, and Panama. The Dominican Republic received 10.307 million visitors in 2023, a figure higher than that of destinations such as Argentina, Brazil, and Colombia.