Economy

Brazilian spending on international travel rises 80.5% in January

Expenses totaled $ 1.2 billion dollars last month

Kelly Oliveira – Repórter da Agência Brasil

Published on 24/02/2023 - 13:21

Brasília

Movimento intenso de passageiros nos balcões de embarque do Aeroporto Santos Dumont, reflexo do acidente com avião de pequeno porte em Congonhas. — © Fernando Frazão/Agência Brasil

The expenses of Brazilians abroad stood at $ 1.246 billion dollars in January this year, Brazil’s Central Bank reported today (Feb. 24). The result is 80.5 percent higher than the one registered in the same period last year, when Brazilians spent US$ 690 million.

Incomes from foreigners in Brazil totaled $ 604 million dollars in the same month, an increase of 43.3 percent compared to January 2022.

According to the Central Bank, both the spending of Brazilians abroad and the foreigners' income in Brazil are on the way to reaching levels before the COVID-19 pandemic.

With the increase in Brazilian spending abroad, the negative balance of the international travel account rose from $ 269 million dollars in January 2022 to $ 642 million dollars last month.