Brasília – Brazilian external account transactions in February posted a US$ 6.9 billion deficit, driving the 12-month deficit to US$ 89.9 billion, i.e. 4.22% of the Gross Domestic Product (GDP), the Central Bank has reported this Tuesday (24th). The calculation comprises imports and exports, spending on services and revenues.
“This US$ 6.9 billion deficit is the lowest for February since 2013, when the deficit US$ 6.6 billion,” said the joint head of the Central Bank’s Economic Department, Fernando Rocha. “The result from the first two months was US$ 17.5 billion, the lowest for the two-month period since US$ 8.8 billion in 2012,” he added. According to Rocha, a US$ 5.5 billion deficit is expected for March 2015, “which will also be lower than in March of last year.”
*Translated by Gabriel Pomerancblum
