What is the primary source of revenue for many Caribbean islands? 🔊
The primary source of revenue for many Caribbean islands is tourism. The region is renowned for its beautiful beaches, crystal-clear waters, and vibrant cultures, attracting millions of visitors each year. Tourism generates significant income through hotel stays, activities, and local businesses. Besides tourism, some islands also rely on agriculture, fishing, and offshore financial services. However, tourism remains dominant given the natural attractions and warm climate. Efforts to sustain the tourism industry while preserving the natural environment are crucial for the long-term economic stability of these islands.
Equestions.com Team – Verified by subject-matter experts