Brasília – Brazil ran a USD 3.487 billion current account deficit in September, the Central Bank reported. The current account comprises foreign trade in goods and services and income transfers to and from other countries. The result is much wider than September 2018’s USD 194 million result. Year-to-date through September, the deficit widened to USD 34.055 billion, from USD 18.566 billion a year ago.
According to the Central Bank, the result was impacted by a weaker trade surplus, which was USD 1.679 billion in September and USD 28.558 billion year-to-date, down from USD 4.697 billion and USD 38.145 billion a year ago.
Brazil’s services account (international travel, transportation, etc,) saw a USD 2.725 billion deficit in September and a USD 26.053 billion year-to-date through September. The primary income account (profit and dividends, interest and wage payments) – another component of the current account figure – ran a USD 2.650 billion deficit in September and a USD 37.760 billion deficit year-to-date.
Secondary income (income generated in one country and wired elsewhere, such as donations and USD dollar remittances, with no trade in services or goods involved) saw a USD 209 million surplus in September and a USD 1.201 billion surplus year-to-date.
Translated by Gabriel Pomerancblum
