EARTH SCIENCE
CLIMATE AND ENVIRONMENTAL CHANGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What percentage of tax revenue in the Maldives is generated by tourism?
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23%
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40%
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75%
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90%
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Explanation:
Detailed explanation-1: -Tourism accounts for 28% of the gross domestic product (GDP) and more than 60% of the Maldives’ foreign exchange receipts. Over 90% of government tax revenue comes from import duties and tourism-related taxes.
Detailed explanation-2: -In 2019, contribution of travel and tourism to employment (% of GDP) for Maldives was 32.4 %. Though Maldives contribution of travel and tourism to employment (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000-2019 period ending at 32.4 % in 2019.
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