Brasília – Brazil ran a USD 1.134 billion current transaction deficit (foreign trade in goods and services and income transfers with other countries) last February, the Brazilian Central Bank reported this Monday (25). The deficit was narrower than that of February 2018, which had been USD 2.043 billion.
Year-to-date through February, Brazil posted a USD 7.678 billion current transaction deficit, down from USD 8.335 billion a year ago.
Current transaction components include the balance of trade, which ran a USD 3.161 billion surplus in February. Services (international travel, transportation, equipment rental, etc.) saw a USD 2.058 billion deficit.
Brazil’s primary income account (profit and dividends, interest and wage payments) saw a USD 2.409 billion deficit last month. The secondary income account (income flows from one country to another, including donations and US dollar remittances with no corresponding services or goods) had a USD 171 million surplus.
Translated by Gabriel Pomerancblum
