Brasília – Foreign direct investment in September has exceeded the Brazilian Central Bank’s projection for the period, which was US$ 2.7 billion. Last month, the country’s production sector received US$ 5.391 billion in investment, as against US$ 1.816 billion in September 2009.
From January to September, foreign direct investment reached US$ 22.632 billion, as against US$ 17.672 billion in the same period of 2009. This year, the Central Bank expects investment to reach US$ 30 billion. Last year, the total was US$ 25.949 billion. The projection for 2011 is US$ 45 billion.
The figure in September was more than double the figure in the same month last year, and enough to fund the Brazilian deficit in current transactions, which rose to US$ 3.9 billion. In the last twelve months, the deficit was equivalent to 2.4% of the Gross Domestic Product. Foreign direct investment was equivalent to 1.57% of the GDP.
Foreign direct investment inflow into Brazil was the highest since December last year. There was a US$ 2.6 billion inflow of funds from Austria into the metallic minerals extraction sector. Foreign stock investment in Brazil reached US$ 8.2 billion. Investment in public bonds reached US$ 1 billion, and bonds traded abroad reached US$ 3 billion.
*With information from the Newsroom. Translated by Gabriel Pomerancblum
