• Todd Bonzalez@lemm.ee
    link
    fedilink
    English
    arrow-up
    1
    ·
    5 months ago

    So, admittedly, $3.3 Million is low-balling it, and that the real figure is probably something like $20 Million, assuming that each tourist stays ~1 week and spends $299/day as you have quoted.

    But these numbers don’t mean anything in a vacuum. More context is needed to understand the actual impact of this decision.

    The Maldives have a GDP of $6.55 Billion. Assuming that this costs them $20 Million in tourism revenue, that’s only a 0.3% drop in GDP. The annual fluctuation in GDP is ±9%. The impact of banning Israeli tourists is less than a rounding error on the Economy of the Maldives.

    • Linkerbaan@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      2
      ·
      5 months ago

      An entire economy is made up of many parts. 0.3% doesn’t sound like much but with big numbers it adds up.

      A sacrifice of 20 million dollars is more than just symbolism.

      • Todd Bonzalez@lemm.ee
        link
        fedilink
        English
        arrow-up
        2
        ·
        5 months ago

        The problem here is that $20 million isn’t a “big number” compared to $6.55 Billion.

        Believe whatever you want, I can’t stop you, but you are objectively wrong.

        • Linkerbaan@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          1
          ·
          5 months ago

          Let’s pretend the Maldives is America. Would you say that America losing 0.3% of its entire GDP over a boycott is "symbolic?