Argentina’s wealthier neighbours are vacationing far less in the country as President Javier Milei’s currency policies turn a dreamy tourist bargain into an expensive outlier.Tourists visiting from Uruguay and Chile – countries that boast higher per capita incomes than their larger neighbour — fell at least 30 percent in December from a year ago, according to Argentina’s INDEC national statistics bureau. For all of last year, Argentina lost US$2.1 billion from tourism based on how much its nationals spent abroad versus how much foreigners spent in Buenos Aires and beyond. In 2023, Argentina’s tourism deficit was US$1.2 billion as policy disasters made the peso cheap during the previous government.
January 28, 2025
SOURCE: BUENOS AIRES TIMES
Argentina’s rich neighbours cut back on visits due to strong peso