Brasília – Foreign direct investment (FDI) in Brazil grossed USD 9.47 billion in August, down 1.87% from a year ago, Central Bank of Brazil (BC) reported this Monday (23).
FDI inflows came out to USD 41.213 billion year-to-date through August, down 10.5% from a year ago.
Despite the decline, they are enough to finance Brazil’s current account deficit, which stood at USD 4.274 billion in August and USD 30.277 billion year-to-date. Both results, however, were well above last year’s.
Despite the deficit increase and the FDI decline, BC Department of Statistics head Fernando Rocha (pictured above) reported that “current account’s sustainability remains unchanged.”
The trade surplus stood at USD 2.664 billion in August and USD 27.164 billion year-to-date. On the other hand, services account (international travels, transport, investment rent, and others) posted a USD 2.461 billion deficit in August and a USD 23.327 billion deficit year-to-date through August.
The primary income account (profits and dividends, interest and wage payments) ran a deficit of USD 4.727 billion last month and USD 35.107 year-to-date. The secondary income account (income generated in one economy and distributed to another, like donations and dollar remittances with no corresponding services or goods) ran a surplus of USD 249 million in August and USD 992 million year-to-date.
Translated by Guilherme Miranda
