girl at the rio de janeiro 2023 11 27 05 21 23 utc
girl tourist looking at the Rio de Janeiro. view from Pao de Acucar. Brazil

Foreign tourist spending in Brazil grows by 27% in February and breaks historic record

International tourists left US$ 673 million in Brazil in February 2024, the equivalent of R$ 3.4 billion at the exchange rate of the day. The value released by the Central Bank (BC) this Thursday morning (4) is the highest in the historical series for the period so far. Compared to February 2023, when foreign visitor spending was US$530 million, the growth was 26.9%.

The last record had been broken in 2018, before the Covid-19 pandemic, when international visitors spent US$ 611.5 million in Brazil during the month of Carnival. This year's record surpasses the previous number by 10.1%. 

“This result consolidates a growth trend that began last year. In January we broke a historic record and now in February, we not only broke the record, but also significantly increased the difference between the best result so far”, celebrates the president of Embratur, Marcelo Freixo. “Tourism generates jobs and income at the tip, in the municipalities, and is a sector mainly for small companies. This represents more development for families and more money circulating in the economy”, he reinforces.

In the first two months, which combine the Brazilian summer and Carnival, the inflow of foreign currency was US$ 1.47 billion, an increase of 30% compared to the same period in 2023, when the value was US$ 1.13 billion . In total, there were US$ 340 million more, making it the best two-month period for the tourism sector in the historical series.

“These are excellent results, already in the first two months of this year, starting 2024 with strong tourist activity that will contribute even more to the Brazilian economy and the generation of income and jobs. We also launched PATI, with incentives for those who expand flights to Brazil and we will continue investing in international fairs and events, increasing the visibility of Brazilian attractions!”, highlighted the Minister of Tourism, Celso Sabino.

Entrance of tourists

The month of February also had the third highest record of international tourist arrivals of all time, as released by Embratur on March 22. There were 833,306 visitors from abroad in the period, an increase of 10.2% compared to 2023, when 755,842 tourists entered the country. And in the first two months, the registration of visitors from abroad was 1.79 million.

The sum of January and February is 3.64% greater than the 1.7 million recorded in the same period in 2023. The arrival of tourists from Chile and France showed the biggest growth in the month, of 77.7% and 49.1% , respectively. In the historical series, the number of international visitors in February 2024 was the third highest ever recorded, only inferior to that in the same month in 2018, 868 thousand, and in 2017, 863 thousand.

The registration of tourist entries is carried out by Embratur in partnership with the Ministry of Tourism (MTur) and Federal Police (PF). Complete information, with numbers by state, country of origin and mode of transport used to enter the country, is available on Embratur Data Portal.

Credits: Embratur

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