Brasília – Brazil posted a USD 329 million current account surplus in October. The result comprises foreign sales of goods and services plus income transfers. The number was made public this Tuesday (27) by the Brazilian Central Bank.
October 2017 had seen a USD 686 million deficit. Year-to-date through October, the country ran a USD 11.333 billion deficit.
Current account figures include the balance of trade (exports and imports of goods), which showed a USD 5.448 billion surplus last month and a USD 43.799 billion surplus year-to-date through last month.
Direct investment in the country reached USD 10.382 billion in October, USD 67.508 billion through October. Current transaction deficits must be made up for through investment or loans from other countries. The best way to offset the deficit is through direct investment, since funds go directly into production.
Translated by Gabriel Pomerancblum
