Brazil exceeds US$ 4 billion in foreign spending in 2022

Brazil surpassed the mark of US$ 4 billion in spending by foreign tourists in the accumulated result for the year. The value was reached with the US$ 413 million spent in the country by foreigners in October this year. The tourism sector had spent $2.9 billion and $3 billion over 12 months in 2021 and 2020, respectively. The data are from the Central Bank of Brazil. According to Embratur, the October result indicates a tendency for growth in numbers, since, in August and September, the value was also higher than US$ 400 million. Taking into account all of 2022, October was the fifth month that overseas visitor spending exceeded $400 million. In all of 2021, no month reached this mark. In 2019, the last year before the pandemic, spending by foreign tourists in Brazil totaled US$5.9 billion. The historical record remains 2014, the year of the soccer World Cup in the country, with US$ 6.84 billion. According to an estimate made by Embratur’s Competitive and Market Intelligence Management, more than 800,000 foreign visitors are expected to come to the country between December 2022 and March 2023.

Agência Brasil