Between 2013 and 2023, Brazil's tourism international receipts showed fluctuating trends. The annual receipts rose from $6.78 billion in 2013 to $6.81 billion in 2023. Notable variations occurred, such as the significant drop in 2015, the sharp decline in 2020 due to the pandemic, followed by a strong recovery in 2021 and 2022. The year-on-year variation for 2022 was 20.74%, and for 2023, it was 11.92%. The CAGR over the last five years from 2019 to 2023 stands at 1.49%.
Looking forward, tourism revenues are predicted to steadily increase, reaching $7.09 billion by 2028. The forecasted CAGR for the next five years is a modest 0.65%, indicating a slower yet consistent growth rate of 3.27% over this period. The anticipated stability in tourism receipts suggests gradual recovery and growth post-pandemic.
Future trends to watch for include the impact of new tourism initiatives, infrastructure developments, and global economic conditions on travelers' behavior. Additionally, sustainability trends and Brazil's marketing strategies will play crucial roles in shaping the tourism landscape.
