Foreign tourists spent a total of US$ 2.721 billion during the first five months, marking a 35.9 percent increase compared to the same period last year.
During an event with telecom entrepreneurs in Brasília, the minister of economy also talked about tax cuts for the industrial sector.
The segment that registered the most expressive result, as of the fourth month of the year, was air transport, with an annual increase of 83.9%.
Brazil’s gross domestic product (GDP) grew 0.6 percent in the third quarter this year from the previous quarter. In current terms, the GDP stood at $435.86 billion in the period.
Brazil’s gross domestic product (GDP) grew 0.3 percent in the quarter ending in November 2018 from the quarter ending in August last year. The GDP is measured by the Getulio Vargas Foundation (FGV) and was released today (Jan. 21).