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You are here : Stone Home > Info Center > Financial News > Brazil's foreign tourism revenue up 18 percent in February

Brazil's foreign tourism revenue up 18 percent in February

Updated:2010-03-23 13:56:28

Foreign tourists spent 511 million U.S. dollars in Brazil in February, a record revenue for the month since records began in 1947 and an 18 percent increase over a year earlier, the country's central bank said Monday.

But the figure is still lower than the 566 million dollars posted in January. Revenues from foreign tourism stood at 433 million dollars in February last year, the bank said.

The figures showed "the rapid recovery of international tourism to Brazil with the cooling of the global economic crisis," said Jeanine Pires, president of the Brazilian Tourism Institute.

Despite the growth, the tourism trade deficit -- the difference between what foreign tourists spent in Brazil and what Brazilian spent abroad -- was negative, standing at 491 million dollars in February.

The growth in foreign tourism revenues has been attributed to rising incomes for Brazilians and a recovery of Brazil's real against the dollar.

 

 

Source:http://news.xinhuanet.com

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