Jamaica in the Tourism Global Value Chain
Tourism is a dynamic source of economic growth throughout the world. The industry’s direct effect to global GDP was higher than many other sectors, including agriculture, manufacturing, retail and financial services. The vitality of the industry is not confined to any one region; while Europe remains the most visited continent in the world, while Asia Pacific and African nations had the highest growth rates in visitors over the decade from 2006-2015. Tourism is the most important economic activity in Jamaica, as it is for most of the Caribbean region. The country’s beaches attract thousands of tourists each year. As a result, Jamaica’s tourism sector is strongly focused on that segment, which accounts for close to 90% of arrivals. Jamaica is the fourth largest destination in the Caribbean with over 2 million visitors annually after Dominican Republic, Cuba and Puerto Rico. This report uses the global value chain framework to map Jamaica’s current participation in the tourism industry and identify ways to increase SMEs participation in the industry.
