July records highest foreign tourist spending post visa waiver in Brazil

Published on : Sunday, September 1, 2019

The first month after visa waiver for strategic countries (Australia, Canada, USA and Japan), announced by the Brazil government in June this year, saw a significant increase in foreign tourist spending in the country.

 

In July 2019, US $ 598 million was injected into the Brazilian economy by foreign tourists, compared to US $ 417 billion in the same period last year, an increase of 43.4%. Compared to June this year, the increase was even greater: 59.8%.

 

Apart from the year of the World Cup in Brazil in 2014, this was the biggest growth of the last 16 years.

 

For Tourism Minister Marcelo Álvaro Antônio, the result shows that the country is beginning to reap significant results from the actions taken in the first months of government. For him, this type of growth is fundamental for Brazilian tourism to reach the level that the country deserves to reach.

 

“The data confirm that the sector is at the center of President Jair Bolsonaro’s government’s economic agenda, actively contributing to our country’s growth. This is the transformation we want for Brazil,” he said.

 

The data was released monthly by the Central Bank and also showed that from January to July 2019 there was a decrease of 8.7% in the tourism trade deficit compared to the first seven months of 2018.

 

On the other hand, expenditure exchange rate, that is, how much Brazilians spent on foreign travel, was US $ 1.9 billion in July 2019, 9.64% higher than July 2018, when the expense was US $ 1, 73 billion.

 

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