Tourism in El Salvador has significantly increased since the adoption of Bitcoin as legal tender.
Increase in Tourist Influx
According to a report from Santander, shared by President Nayib Bukele, El Salvador welcomed 3.9 million tourists in 2024, a 22% increase from the previous year. The number of visitors nearly doubled compared to the period from 2013 to 2016.
Construction Boom and Safe Conditions
The growth in construction and enhanced mobility have facilitated the boom in the eco-tourism industry. The rise in U.S.-based visitors indicates the positive impact of improved security, encouraging Salvadorans abroad to visit their families.
IMF Agreement Impact
A recent agreement between El Salvador and the International Monetary Fund could limit Bitcoin's integration into the economy, potentially slowing down the country's ambitious crypto plans.
El Salvador is becoming a popular tourist destination due to Bitcoin adoption, boosting the country's economic growth.
