Forecast: International Spending for Tourism in Brazil

Analyzing the international spending for tourism in Brazil reveals several key trends over recent years. From 2013 to 2019, expenditures exhibited variability, peaking in 2014 at $30.0 billion before declining considerably. The impact of the COVID-19 pandemic in 2020 caused a notable dip, with a subsequent recovery phase as observed in 2021 and 2022. As of 2023, tourism spending stood at $22.1 billion, reflecting a slight year-on-year increase of 0.61%, and a CAGR of -0.11% over the past five years.

Future trends to watch for include:

• Stable growth predictions, with expected expenditures reaching $22.67 billion by 2028, indicating a steady but modest recovery phase.
• A forecasted 5-year CAGR of 0.52%, suggesting a slow but positive growth trajectory for international tourism spending in Brazil.