Brasília – Brazil’s external accounts had a negative balance of USD 4.652 billion in October, informed this Friday (25) the Brazilian Central Bank (BC). In the same month of 2021, the deficit had been USD 6.012 billion in current transactions, which are purchases and sales of goods and services and income transfers with other countries.
There was a USD 1.38 billion decrease in the negative balance. The difference in the interannual comparison is due to the trade balance surplus, which increased by USD 1.2 billion, while the deficit in services grew by USD 967 million, and primary income (profits and dividends) decreased by USD 1.1 billion.
In the 12 months ending in October, the deficit in current transactions was USD 60.289 billion, 3.31% of Gross Domestic Product (GDP), lower than the negative balance of USD 41.923 billion (2.63% of GDP) in the equivalent period ending in October 2021. In the accumulated result for the year, the deficit is USD 44.039 billion, against a negative balance of USD 40.108 billion from January to October 2021.
Foreign trade and investments
The Brazilian trade balance closed with a surplus of USD 2.551 billion last month, compared to a positive balance of USD 1.367 billion in October 2021. The deficit in the services account (international travel, transportation, equipment rental, insurance, etc.) totaled USD 3.444 billion in October, compared to USD 2.478 billion in the same month of 2021. Net inflows in direct investments totaled USD 5.541 billion in October, compared to USD 3.375 billion in the same month of 2021.
Translated by Elúsio Brasileiro
