Only Iron and Soybean Bring More Foreign Money to Brazil than Tourism

Tourism was Brazil’s third largest source of foreign currency during the first seven months of this year. In 2004, tourism ended up in sixth place. This information was announced Tuesday, October 18, by the Brazilian Minister of Tourism, Walfrido dos Mares Guia, at a luncheon with entrepreneurs from Rio de Janeiro.

According to Mares Guia, between January and July of this year only iron ore and soybean exports earned more foreign revenues than the tourism sector, which brought in US$ 2.1 billion altogether. The goal for 2005 is to attain earnings of US$ 5.6 billion.

Mares Guia affirmed that precise data on the tourism industry are still lacking, but it accounts for roughly 5% of the country’s Gross Domestic Product (GDP), which represents the total wealth generated by the economy.

"We shall have this figure, beginning next year, but the estimate is that it will be around 5% of the GDP, half the world average," he said.

ABr

Tags:

You May Also Like

The Malandro’s Goodbye

Atypical for a bohemian, Moreira da Silva hardly ever drank and went to bed ...

Brazil to Help African Countries Make Their Own AIDS Drugs

Brazil will help build medication factories in Mozambique and Nigeria, and provide technical training ...

New York Bullish on Brazilian Stocks

Shares of Brazilian companies traded in the Nova York Stock Exchange (NYSE) also known ...

Brazil to Teach a Man to Eat Fish

Fish consumption in Brazil is still modest. The average Brazilian eats only seven kilograms ...

No Parent in Brazil Tells Their Babies: ‘You’re Growing Up to Be a Teacher!’

A couple weeks ago in the Santa Catarina city of Joaçaba, in southern Brazil, ...

Lula Vows Again to Keep Palocci as Brazil’s Finance Minister

Brazilian President Luiz Inácio Lula da Silva ratified his "full confidence" in Finance Minister ...

Washington’s Nightmare Come True: Castro Celebrated by Brazil and South America

Brazil and Argentina are already the number one and two economies in South America, ...

Ability to Export Raw Material Helps Brazil’s Faster Recovery, Says IMF

Brazil and other emerging economies should recover more rapidly than developing nations from the ...

Kyoto Starts. Brazil Gives Example.

One of the internationally agreed mechanisms for reducing greenhouse gas emissions was set into ...

Bush Agrees with Lula: Trade Agreement Must Favor Brazil and US

As two of the world’s largest and most diverse democracies, Brazil and the United ...