Brasília – Spending by Brazilians in other countries increased for the third straight month in October, the Brazilian Central Bank said, to USD 1.421 billion, up 41.82% from October 2015. Year-to-date through October, spending was down from the comparable year-ago period to USD 11.901 billion, from USD 15.141 billion through October 2015.
Foreign travellers spent USD 434 million in Brazil last month, down from USD 435 million in October 2015. Year-to-date spending reached USD 5.1 billion, up from USD 4.786 billion in the year-ago period.
As a result, international travel spending showed a USD 988 million deficit in October and a USD 6.8 billion deficit through October.
*Translated by Gabriel Pomerancblum
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