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Brazilians’ spending abroad up 34%

Staff Writer |
Brazilians’ spending when travelling abroad totaled $1.496 billion in May of this year, according to the Brazilian Central Bank.

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This is the highest value for the month since 2014. Spending in May of this year was 34.41% higher than the one registered in the same month of 2016 ($1.113 billion).

From January to May of 2017, spending abroad totaled $7.295 billion against $5.161 billion registered in the same period of 2016.

Spending by foreigners in Brazil totaled $419 million in May, and $2.682 billion in the year’s first five years, against $434 million and $2.754 billion registered, respectively, in the same periods of last year.

With these results, international travelling spending registered a deficit of $4.613 billion in the first five months of the year.

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