Oct 8, 2011

Brazil: Travel Account

September, foreign spending on travel in Brazil was $ USD 605 million. On the other hand, Brazilians traveling abroad spent USD 1.9 billion, generating a negative deficit in the travel account for 1.3 billion. Over the past 12 months, the expenses of Brazilians abroad reached USD 20.8 billion against USD 6.5 billion of spent by foreigners in Brazil. The balance of travel account in the last 12 months is showed in the chart below.

Source: Central Bank of Brazil

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