The region of Latin America and the Caribbean is the most dependent on tourism globally.
However, this dependence is heterogeneous and varies enormously depending on the sub-region.
When observing how much the Gross Domestic Product of Latin American countries is tied to what happens with tourism, it can be seen that in Mexico, the dependence is much greater than in the other major Latin American economy, Brazil.
HOW MUCH DO ARGENTINA, BRAZIL, AND MEXICO DEPEND ON TOURISM?
A recent report by the Inter-American Development Bank (IDB) focuses on the weight of tourism activity in the three main economies . . .
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