The Brazilian government has said it expects around 500,000 additional foreign visitors to come to Rio de Janeiro to experience the Olympic atmosphere.
With the games set to official launch during the Opening Ceremony this evening, final preparations are being put in place.
At the same time, the Central Bank of Brazil said that the delegations and tourists in Rio for the 2016 Olympic Games will leave behind revenue worth around US$200 million US dollars.
According to the Central Bank, this prediction was made based on the statistics from the last three Olympics - Athens 2004, Beijing 2008 and London 2012.
However, the bank also noted the expected windfall is far lower than the $900 million dollars of revenue seen nationwide as a result of the 2014 World Cup.
Additionally, the bank said that while the Olympics would lead to a “small” impact on tourism at first, they would contribute to more tourists coming to the country in the future, especially Rio de Janeiro.
The Central Bank added that foreign tourists spent $3.15 billion in Brazil in the first half of 2016, $210 million more than that in the same period of last year.