Spending by Brazilians abroad more than doubles in 2022 with an improved scenario for Covid-19

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Numbers were released this Thursday by the Central Bank. In addition to the pandemic, the price of the dollar and the pace of economic growth also influence spending by Brazilians abroad. Spending by Brazilians abroad totaled US$ 12.18 billion in 2022, the Central Bank reported this Thursday (26). As a result, expenses more than doubled compared to the previous year (US$ 5.25 billion), marked by a stronger period of restrictions due to the Covid-19 pandemic. Despite the improvement, spending by Brazilians abroad has not yet returned to a level of normality. In 2019, the last year before the appearance of the coronavirus, for example, expenses totaled more than R$ 17 billion. The Covid-19 pandemic has not yet come to an end, but the expectation of directors of the World Health Organization (WHO) is that this could happen later this year. Dollar and level of activity In addition to the pandemic, the expenses of Brazilians abroad are also influenced by other factors, such as the level of economic activity and the price of the dollar, used in international transactions. In 2022, the US currency closed down 5.3%, quoted at R$ 5.2780. Despite this, it still remained well above the 2019 level – it ended that year at BRL 4.0098. This Thursday, the dollar operates at R$ 5.0899. See more quotes The level of activity, in turn, continued to rise last year, despite the slowdown. In 2021, the Gross Domestic Product (GDP) grew by 5%. The official result for 2022 has not yet been released by the Brazilian Institute of Geography and Statistics (IBGE), but the expectation of the financial market, in a survey carried out by the Central Bank last week, is for an expansion of about 3% in the last year.

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