Tourism Starts Showing at Brazil’s Balance of Payments

The increase in the number of foreign tourists visiting Brazil has begun to make a difference in the country’s balance of payments. Tourism is usually calculated as “invisible trade” in the current account (trade) area of international transactions.

According to the president of the Embratur (Empresa Brasileira de Turismo – Brazilian Tourism Corporation), Eduardo Sanovicz, “Tourism is an important commercial element. It is part of our economic agenda because it is profitable for Brazil, creates jobs, income and development.”


Although final data on tourism in 2004 is not available yet, Embratur estimates that the total number of foreign tourists who visited Brazil should reach 4.6 million, an increase of 12% over 2003.


Meanwhile, the Central Bank reports that from January to November those tourists spent US$ 2.88 billion in Brazil, an increase of 31.2%.


“Those dollars went into the pockets of thousands of Brazilians who work in the sector today,” points out Sanovicz.


Tourism in Rio de Janeiro has gotten a boost from cruise ships. This year a total of 85 of them are scheduled to dock in Rio.


It is estimated that during this season (which runs from October to April) they will bring US$ 55 million to the city in revenue, up from US$ 40 million during the last season.


The president of the company which handles the cruise ships in Rio (Pier Mauá S/A), Pedro Guimarães, says last year’s highlight was the inaugural trip by the Queen Mary, which carries 2,600 passengers.


“They were in Rio for four days. And the best part was that they made Rio the final port of one voyage and the starting port of another,” said Guimarães.


Translation: Allen Bennett
Agência Brasil

Tags:

Ads

You May Also Like

Some Brazilians in Germany Have Only One Dream: To Go Back Home

The weekly German newsmagazine Der Spiegel has just published a long article about the ...

Brazilians Feel 7.5 Peruvian Earthquake

An earthquake of approximately 7.5 on the Richter scale which hit Peru, yesterday was ...

97% of Tourists Say they Want to Return to Brazil

The construction of hotels, apart-hotels and resorts is going to receive investment of US$ ...

Brazil and Spain Sign Pact to Fight Organized Crime

The ministers of Justice of Brazil, Márcio Thomaz Bastos, and Spain, Juan Fernando López ...

Brazil Is Right to Go to the WTO

Today’s defeat of the Grassley-Dorgan payment limit amendment in the U.S. Senate was a ...

Argentina Is Just Jealous, Says Brazil’s Lula

Brazilian President Luiz Inácio Lula da Silva yesterday acknowledged tension with Argentina but predicted ...

Brazil Pork Exports Hit 106% Jump and Historic Record

Brazilian exports of pork meat added up to US$ 115.8 million in April, which ...

Brazil President Hints He Might Choose a Woman to Succeed Him

The president of Brazil, Luiz Inácio Lula da Silva, said he would be choosing ...

It’s Northeast’s Time in Brazil, Says Lula

Brazilian President Luiz Inácio Lula da Silva, speaking on his fortnightly radio program, Breakfast ...

Malba Tahan, the Brazilian Who Made Algebra Fun

His name was Júlio César de Mello Souza but he was better known as ...