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BVI percentage of GDP from tourism
#228970
06/29/2020 01:21 PM
06/29/2020 01:21 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
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LinkHave no idea whether that percentage is correct for the BVI, but the numbers seem LOW for many of the places listed there in the Caribbean.
Carol Hill
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Re: BVI percentage of GDP from tourism
[Re: Maria_and_Steve]
#228976
06/29/2020 01:31 PM
06/29/2020 01:31 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
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Google search says 52% for the BVI, so obviously the story is full of crap. And that SXM number is BS.
Carol Hill
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Re: BVI percentage of GDP from tourism
[Re: Carol_Hill]
#228979
06/29/2020 01:51 PM
06/29/2020 01:51 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
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I know the financial industry is big in the BVI, bigger than several other islands. Guess the story is the same as half of what is on the internet, wrong.
Carol Hill
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Re: BVI percentage of GDP from tourism
[Re: JasonHelmbrecht]
#228982
06/29/2020 02:26 PM
06/29/2020 02:26 PM
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Joined: May 2013
Posts: 72 Louisiana
cajunscuba
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Posts: 72
Louisiana
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This doesn't give a number for tourism but does indicate the Financial industry is 51.4% of the Governments revenue. The page does say "In the British Virgin Islands, Tourism is the main source of income for the general society."
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Re: BVI percentage of GDP from tourism
[Re: cajunscuba]
#229013
06/30/2020 10:37 AM
06/30/2020 10:37 AM
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Joined: Jan 2005
Posts: 4,557 Toronto, Ontario
gordaguy2
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Toronto, Ontario
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That probably only means that the majority of the population is engaged in some aspect of tourism but that the income derived is less than FS
GordaGuy2
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Re: BVI percentage of GDP from tourism
[Re: sleepychef]
#229150
07/01/2020 03:49 PM
07/01/2020 03:49 PM
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Joined: Jan 2015
Posts: 304 California
Sunnykm
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Posts: 304
California
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No it means the income derived from Tourisim is less for the Government {all the taxes and permits} nothing to do with the income generated for the territory , accommodation, restaurant, bars, provisions , entertainment I imagine the income to private businesses is over 80% tourism. There is probably a small cash flow between businesses (I provide the groceries to prepare dinner, you cook it for me) but the fresh cash is from visitors. Remember the government is taxing the income (payroll) of the residents so at a certain point there will be no cash amongst the private sector.
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Re: BVI percentage of GDP from tourism
[Re: Carol_Hill]
#229158
07/01/2020 06:07 PM
07/01/2020 06:07 PM
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Joined: Dec 2007
Posts: 2,040 Charlotte, NC
NCSailor
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Charlotte, NC
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My guess is the BVI government doesn't report these numbers because they can't figure them out.
Last edited by NCSailor; 07/01/2020 06:10 PM.
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Re: BVI percentage of GDP from tourism
[Re: Carol_Hill]
#229180
07/02/2020 08:31 AM
07/02/2020 08:31 AM
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Joined: Sep 2006
Posts: 801 Kannapolis, NC
ndfaninnc
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Kannapolis, NC
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Cow Wreck did the same after IrmaMaria. I would jump in if Peter offered that.
Go Irish!!
Bill
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Re: BVI percentage of GDP from tourism
[Re: sleepychef]
#229187
07/02/2020 10:16 AM
07/02/2020 10:16 AM
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Joined: Jan 2005
Posts: 4,557 Toronto, Ontario
gordaguy2
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Posts: 4,557
Toronto, Ontario
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We're still paying our staff even though we have no guests at the moment - the landscaping, pool maintenance, and upkeep of a villa is still necessary. I'm sure it is the same for most of the villas on Virgin Gorda so there is some money going into VG. Construction is also still taking place - its the taxi drivers, servers, and other service staff that are/will suffer.
GordaGuy2
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