Spending by foreign tourists in Brazil reaches record high in the last three years

Spending by foreign tourists in Brazil exceeded US$4 billion in the first ten months of 2022, a record figure in the last three years, according to statistics released by the Central Bank.

According to the issuing entity, in 2020, foreign tourists spent US$2.9 billion in the country, and in 2021, the figure reached US$3 billion.

In the month of October of this year, expenditures amounted to US$413 million.

As disclosed by the state-owned Brazilian Tourism Company (Embratur), October’s result indicates a trend of growth in numbers, as October was the fifth month in a row with foreign spending in Brazil exceeding US$400 million, an amount that in all of 2021 was not reached in any month.

In 2019, the last year before the pandemic, foreign tourist expenditures in Brazil were US$5.9 billion.

The record was in 2014, the year of the World Cup organized in Brazil, with US$6.84 billion.

According to Embratur, some 800,000 foreign tourists are expected to arrive next summer, between December 2022 and March 2023.

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