Brasília – Brazil’s current account deficit reached USD 50.762 billion last year from USD 41.540 billion in 2018. It’s the worst result in four years, as per figures released this Monday (27) by the Central Bank.
Last Deceber, the deficit in foreign transactions, purchase and sale of goods and international income transfers, hit USD 5.691 billion.
The current account, which is the main indicator on one country’s foreign sector, consists of the balance of trade, services, and the primary income result (profits and dividends, interest and wage payments) and secondary income account (income generated in one country and wired to another, such as US dollar donations and remittances, with no corresponding trade in goods or services).
The trade surplus reached USD 4.764 billion last December from USD 5.977 a year before. Year on year, the trade surplus went down from USD 56.047 billion in 2018 to USD 39.404 billion in 2019, a result from decreases of 6.3% in exports and 0.8% in imports.
Services (international travel, transportation, equipment rental etc.) ran a USD 3.541 bn deficit in December and a USD 35.141 billion deficit through December.
The primary income result ran a USD 6.699 billion deficit in December and a USD 55.989 billion deficit in 2019. The secondary income account ran a USD 216 million deficit In December and a USD 964, million surplus through December.
Translated by Guilherme Miranda