3.2.2 Section B: The Changing Economic World - Jamaica Tourism Reducing the Development Gap Case Study Flashcards
Location of Jamaica:
- Northern Hemisphere
- lies just South of the Tropic of cancer
- island is part of the Caribbean islands
- North America
- South of Cuba and the Bahamas
- West of Haiti
- South of Jamaica is the South Caribbean Sea and to the North is the North Atlantic Sea
What has Jamaica’s economy suffered from?
suffered from slow growth, debt and high unemployment for long period of time
How big is Jamaica?
one of the largest islands in the Caribbean
Population of Jamaica:
2.9mn
What is Jamaica’s economy based upon?
- partly based upon a range of minerals (e.g. bauxite and oil), agricultural products (sugar and rum) and some manufacturing
- economy is mainly based on tourism
What is Jamaica classed as?
- classed as upper middle class country largely due tot tourism industry
- but has suffered from slow growth, debt and high unemployment over a long period
In 2018 ,2019, 2020 and 2021 how much did tourism contribute to Jamaica’s GDP?
- 2018 - tourism contributed to 35% of Jamaica’s GDP
- 2019 - tourism contributed to 35% of Jamaica’s GDP
- 2020 - tourism contributed to 14% of Jamaica’s GDP
- 2021 - tourism contributed to 18.6% of Jamaica’s GDP
How much is tourism expected to contribute to Jamaica’s GDP in 2024?
32%
Why is tourism important to Jamaica?
- important to Jamaican economy, generating taxes’ employment and income
- over last few decades it has helped raise the level of development in Jamaica and reduce the development gap
- has one of the highest proportions of tourism contributing to its GDP in the world
Why is Jamaica a popular tourist destination?
- offers beautiful beaches
- warm, sunny limate
- rich cultural heritage
What is the income from tourism in Jamaica?
US$2bn each year and taxes paid to government contribute further to development of economy - multiplier effect
How many jobs does tourism in Jamaica create?
- tourism employs 2nd largest number of Jamaicans
- 200,000+ tourism related jobs either directly in hotels, transport and tourist attractions or indirectly in shops or banking
- tourism generates employment + income, which generates more taxes for the government (multiplier effect)
- provides income for people so that the local economy can improve further
How does employment caused by tourism in Jamaica help reduce the development gap?
- employment in tourism provides income which helps to further boost the local economy as people spend money ins hops and ons services and recreation
- those in employment often learn new skills which can improve their prospects of better-paid jobs in the future
- the QoL of many people has improved
- multiplier effect
What does the Negril Marine Nature Park in Jamaica do?
attracts many tourists and brings direct and indirect income as well as conserving the environment
How much does tourism contribute to Jamaica’s foreign exchange earnings?
50%+ (approx US$26)