By Contributing Reporter
RIO DE JANEIRO, BRAZIL - Brazilians spent US$1.471 billion (R$5.884 billion) on international travel in May. The result represents a drop of 1.5 percent against April (US$1.493 billion) and 8.9 percent compared to May of last year (US$1.615 billion).
From January to May, Brazilians' spending abroad totaled US$7.28 billion, ten percent less than that for the same period in 2018 (US$8.086 billion). The figures were released today by the Central Bank (BC).
The Central Bank employs a general approach to measuring external accounts.
Within . . .