In terms of employment, 11.3% of the region's jobs depend on tourism either directly or indirectly. It is often described as the most tourism-dependent region in the world. Caribbean islands now depend on tourism for their economy, it being referred to as the engine of their growth.
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France is the most visited country in the world with 117,109,000 international tourists, thanks to its rich history and iconic landmarks. Mexico comes in second for most visited countries, with 51,128,000 tourists, offering vibrant culture and stunning natural beauty.
Tourism contributes to the reduction of poverty and inequality. Several studies have shown that, when the sector development is adequately supported and planned, tourism contributes on average, more than other sectors to the reduction of extreme poverty, poverty and inequality -in particular regional inequalities.
Travel & Tourism was also a vital contributor to employment in the region with 2.75 million people employed in the sector in 2019*, accounting for 15.2% of all employment. The Caribbean relies more on international visitors and their spending than any other global region.
Rising price levels and challenging global environment pose significant challenges as countries work to strengthen fiscal balances, revitalize growth and build resilience against natural disasters and to help cope with climate change. Caribbean countries are extremely vulnerable to climate change and natural disasters.
Tourism offers great opportunities for emerging economies and developing countries. It creates jobs, strengthens the local economy, contributes to local infrastructure development and can help to conserve the natural environment and cultural assets and traditions, and to reduce poverty and inequality.
The Third World includes all countries of Africa (except South Africa), Asia (except Japan), and Latin America and the Caribbean, and some states and territories of Oceania.
Volcanic activity may also trigger other natural hazardous events including local tsunamis, deformation of the landscape, floods when lakes are breached or when streams and rivers are dammed, and tremor-provoked landslides. The term landslide includes slides, falls, and flows of unconsolidated materials.
Haiti is the poorest country in the Caribbean.Because of their weak economic state, people are ransacked by extreme poverty without hope of leadership or guidance from the government.