Overview

• In July, 1,558,500 residents traveled abroad (+30.9% year over year) versus 704,000 foreign arrivals (-26.6%), leaving a gap of 854,500 visitors.
• Outbound spending totaled about US$576.6 million, while inbound contributed roughly US$32.0 million, for a monthly tourism deficit near US$356 million.
• From January to July, 12.5 million Argentines departed compared with 5.1 million non-resident arrivals, a cumulative shortfall exceeding 7.4 million visitors.
• Travel was concentrated in neighboring routes, with 70.2% of outbound trips to Brazil (23%), Chile (18.1%) and Paraguay (15%).
• Economists project a full-year tourism deficit of roughly US$10–12 billion, warning of additional strain on Banco Central reserves.