Overview
- Analysts estimate a 2025 tourism net deficit of roughly US$7–8.5 billion, with currency outflows near US$12–13 billion and inbound receipts around US$4.5 billion.
- In the first 11 months of 2025, about 11.2 million residents traveled abroad versus 4.8 million foreign arrivals, a 2.3 to 1 imbalance that strained foreign‑exchange reserves.
- Brazil has become costlier for Argentines due to an 11% real appreciation in 2025, a dual VAT in effect since Jan. 1 that lifted airfares by up to 25%, and added local environmental fees.
- Early‑2026 expectations point to weaker outbound travel and a gradual inbound recovery, with Ieral noting lower exchange‑rate uncertainty and a potential “Messi effect” that could slightly narrow the gap.
- International air capacity stands about 31% above pre‑pandemic levels versus only 5% for domestic, while the government launched Banco Nación’s Viajá+ credit at a 28% fixed TNA to bolster local trips.