Forecast: International Receipts for Tourism in Brazil

The analysis of Brazil's international receipts for tourism reveals some fluctuating trends over the years. From 2013 to 2014, there was a significant increase, followed by a sharp decline in 2015. Slight recovery and continued fluctuations characterized the period up to 2019. The pandemic caused a notable drop in 2020, with a gradual recovery beginning in 2021. By 2023, the value stood at $6.04 billion.

For the last two years, the year-on-year variation showed a rise of 10.71% in 2022 and a slight dip of 0.36% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -0.92%, indicating an average annual decline.

Future trends to watch for include a forecasted slight annual decline of 0.28% CAGR from 2024 to 2028, suggesting a relatively stable but slightly decreasing trend in tourism receipts. Attention should be given to factors such as global economic conditions, Brazil's tourism policies, and potential pandemic-related disruptions.