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Argentina Posts October Tourism Deficit of US$364.6 Million as Outbound Trips Rise

Economists warn the sustained outflows are squeezing foreign‑exchange reserves.

Overview

  • Official data show 1,228,900 residents traveled abroad in October (+9.3% year over year) versus 679,200 non‑resident arrivals (−10%), leaving a net gap of 549,700 people.
  • Argentines spent US$597.02 million overseas while foreign visitors spent US$232.43 million in the country, driving the monthly services shortfall.
  • Outbound flows comprised 725,000 tourists and 503,900 excursionists, while inbound traffic counted 389,800 tourists and 289,500 excursionists.
  • Air arrivals posted their first annual increase since December 2024 (+1.3%) as 54.2% of Argentines exited by plane and 51.5% of foreign visitors entered by plane, with Aeroparque and Ezeiza handling 89.4% of air arrivals.
  • Most outbound travel targeted neighboring countries (65.9%) led by Brazil (22.1%) and Chile (19.3%), and an Equilibra economist estimates the 2025 tourism balance could end near a US$10 billion deficit if current trends persist.