Argentina tourism balance worsens as outbound travel outpaces inbound arrivals

In September, Argentina's international tourism balance turned more negative, with 432,200 foreign arrivals versus 613,100 Argentine departures, a deficit of 180,800 tourists. The data, from Indec, reflects a 15% rise in inbound tourism but a larger outflow, likely driven by an overvalued peso and domestic economic conditions. This trend pressures Argentina's current account and foreign reserves, though the impact is modest relative to other flows.

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