Brazil Tourists on Spending Spree

Taking advantage of their country's booming economy and strong currency, Brazilian tourists went on a shopping spree abroad last year, spending more than $20 billion, notably in the United States and France.

Brazil's central bank said the record foreign spending on jewelry, cosmetics, iPads, clothes, baby carriages and even homes, was up 22% over the figure for 2010. Increased social mobility -- an estimated 30 million people have moved into the middle class over the past decade -- higher incomes, access to cheaper credit and low employment (5.2% in November), mean a growing number of Brazilians now travel and splurge abroad.

Their favorite destinations are Miami, New York, Buenos Aires and Paris, according to Jose Francisco Salles Lopes, a senior official at the tourism ministry.

In 2010, 1.1 million Brazilians traveled to the United States, 870,000 to Argentina and 384,000 to France, with other big contingents heading to Portugal, Italy and Spain.

In the United States, they were the foreign group that spent the most per capita in 2010, $5.9 billion or nearly $5,000 per person.

"Brazilians spend all they have. If they have $5,000, they spend $5,000," said Salles.