Reduced arrivals of high-spending tourists results in low growth
Hurt by a 3.0% decline in visitor arrivals, the economy grew by only an estimated 1.1% in 2008. Tourism is the main industry-annual visitor arrivals of around 100,000 compare to a resident population of around 15,000 persons. The decline in tourist arrivals was concentrated in visitors from Canada, Europe, and the United States (US), the high-spending segments of the market. Read the full report.
