News

Visitors to spend USD 200 million during the Olympics

26 de julho de 2016

The Brazilian Central Bank made a forecast of the additional revenues that international visitors will spend in Brazil during the Rio 2016 Summer Olympics. The event takes place from August 5 to 21.

Brasília – Additional revenues from foreign tourists in Brazil during the Rio 2016 Summer Olympics should reach USD 200 million, according to an estimate made by the Brazilian Central Bank (BC) released this Tuesday (26). The forecast is lower than the USD 900 million in additional revenues registered during 2014 World Cup.

The Rio 2016 Summer Olympics takes place from August 5 to 21. The BC’s forecast includes the inflow of revenues from the end of July to the beginning of September. According to the head of BC’s Economic Department, Tulio Maciel, the forecast was based on the last three Olympics Games hosted by other countries and includes the spending of both the delegations and tourists.

In June, spending by foreign tourists in Brazil reached USD 402 million. In the first semester, it stood at USD 3.156 billion. In the first six months, revenues increased 7.2% in comparison to 2015’s first semester.

*Translated by Sérgio Kakitani