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WTTC Forecasts Robust Growth for Brazil’s Travel & Tourism Sector with 8.3 Million Jobs by 2025 – Image Credit WTTC
The World Travel & Tourism Council (WTTC) projects that Brazil’s Travel & Tourism sector will contribute US$167.6 billion to the nation’s GDP, representing 7.7% of the total economy and supporting 8.3 million jobs by 2025.
2025 Outlook for Brazil’s Travel & Tourism Sector
During a recent summit, the World Travel & Tourism Council (WTTC) provided an optimistic forecast for Brazil’s Travel & Tourism sector. According to their latest Economic Impact Research (EIR), produced in collaboration with Oxford Economics, the sector is set to contribute a record-breaking US$167.6 billion to the country’s GDP by year-end 2025, accounting for 7.7% of Brazil’s economy.
Furthermore, the sector is expected to support 8.2 million jobs, representing almost 8% of total employment in Brazil. This increase signifies an addition of more than half a million jobs compared to 2019. Both international and domestic tourism spend are predicted to grow, reaching US$7.5 billion and US$113.2 billion, respectively.
Review of 2024
In 2024, Brazil’s Travel & Tourism sector exceeded its 2019 peak levels across all key metrics. The sector contributed approximately US$167 billion to GDP, demonstrating an annual growth of 3.4%. Employment in the sector also increased, reaching 8.1 million jobs, a year-on-year increase of almost 4%.
International visitor spend rose by 10.7% year-on-year to US$7.2 billion. Domestic spend also saw an increase, growing by 3% to reach US$112.3 billion. The significant growth in the sector reflects the strategic efforts by both the government and the private sector.
Forecast for 2035
Looking forward to 2035, WTTC projects that Brazil’s Travel & Tourism sector will nearly reach US$199 billion, growing at an average annual rate of 1.7%. The sector is expected to support nearly 9.7 million jobs, creating more than 1.5 million new roles over the next decade. International visitor spend could exceed US$10 billion, while domestic visitor spend is anticipated to reach US$133.5 billion.
Regional Data
In 2024, the Travel & Tourism sector across Central and South America contributed US$358.7 billion to regional GDP, accounting for 7.5% of the total economy. This contribution exceeded 2019 levels by more than 9%. Employment in the sector reached 17.5 million equivalent to 8% of total jobs in the region, with a year-on-year growth of 4.4%.
In 2025, the WTTC forecasts that the Travel & Tourism sector in the region will contribute US$372 billion to GDP, representing 7.6% of the regional economy. Additionally, employment in the sector is expected to grow to 18.2 million jobs, or 8.2% of total employment in the region.
WTTC Forecasts Robust Growth for Brazil’s Travel & Tourism Sector with 8.3 Million Jobs by 2025 – Image Credit WTTC
The World Travel & Tourism Council (WTTC) projects that Brazil’s Travel & Tourism sector will contribute US$167.6 billion to the nation’s GDP, representing 7.7% of the total economy and supporting 8.3 million jobs by 2025.
2025 Outlook for Brazil’s Travel & Tourism Sector
During a recent summit, the World Travel & Tourism Council (WTTC) provided an optimistic forecast for Brazil’s Travel & Tourism sector. According to their latest Economic Impact Research (EIR), produced in collaboration with Oxford Economics, the sector is set to contribute a record-breaking US$167.6 billion to the country’s GDP by year-end 2025, accounting for 7.7% of Brazil’s economy.
Furthermore, the sector is expected to support 8.2 million jobs, representing almost 8% of total employment in Brazil. This increase signifies an addition of more than half a million jobs compared to 2019. Both international and domestic tourism spend are predicted to grow, reaching US$7.5 billion and US$113.2 billion, respectively.
Review of 2024
In 2024, Brazil’s Travel & Tourism sector exceeded its 2019 peak levels across all key metrics. The sector contributed approximately US$167 billion to GDP, demonstrating an annual growth of 3.4%. Employment in the sector also increased, reaching 8.1 million jobs, a year-on-year increase of almost 4%.
International visitor spend rose by 10.7% year-on-year to US$7.2 billion. Domestic spend also saw an increase, growing by 3% to reach US$112.3 billion. The significant growth in the sector reflects the strategic efforts by both the government and the private sector.
Forecast for 2035
Looking forward to 2035, WTTC projects that Brazil’s Travel & Tourism sector will nearly reach US$199 billion, growing at an average annual rate of 1.7%. The sector is expected to support nearly 9.7 million jobs, creating more than 1.5 million new roles over the next decade. International visitor spend could exceed US$10 billion, while domestic visitor spend is anticipated to reach US$133.5 billion.
Regional Data
In 2024, the Travel & Tourism sector across Central and South America contributed US$358.7 billion to regional GDP, accounting for 7.5% of the total economy. This contribution exceeded 2019 levels by more than 9%. Employment in the sector reached 17.5 million equivalent to 8% of total jobs in the region, with a year-on-year growth of 4.4%.
In 2025, the WTTC forecasts that the Travel & Tourism sector in the region will contribute US$372 billion to GDP, representing 7.6% of the regional economy. Additionally, employment in the sector is expected to grow to 18.2 million jobs, or 8.2% of total employment in the region.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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