Santo Domingo- In the previous year, the tourism revenue made up 8.1% of the country’s GDP. This was the largest percentage across Latin America.
The Dominican Republic continues to lead in Latin American tourism income, relative to GDP. It’s the second-largest tourism market, only behind Mexico. This data comes from a recent study by Latinvex and uses statistics from UN Tourism and the governments of the Dominican Republic and Uruguay.
The country’s tourism income was 9,751 million dollars last year. This amount was greater than that of Colombia, Brazil, and Panama. With 10,307 million visitors in 2023, the Dominican Republic drew more tourists than Argentina, Brazil, and Colombia.
Other major Latin American tourist markets’ incomes as ratios to GDP were much lower: 2.1% for Colombia, 1.7% for Mexico, and 0.3% for Brazil, the lowest in the region.