Country saw its smallest current account result in three years. The widening of the trade balance surplus was a factor.
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Expenditure during international trips reached only USD 5.2 billion in 2021, nearly half pre-pandemic levels.
February posted a deficit in foreign transactions, purchase and sale of goods and international income transfers.
The deficit in goods and services trade and income transfers in September was far wider than a year ago.
FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
Country received USD 2.19 billion, down 68% from a year ago. Amount was not enough to cover current account deficit of USD 2.91 billion in the month.
Although February saw a negative result, the deficit was narrower than a year ago.
Deficit in Brazil’s current transactions stood at USD 6.5 billion in the first month of the year, more than in January 2018.
Number is two times the one registered in 2017. Foreign direct investments reached USD 88.3 billion, more than enough to finance the negative balance in current account.
The country saw a USD 329 million surplus in October, the Central Bank reported. Year-to-date through October saw a USD 11.3 billion deficit.
The Brazilian monetary authority estimates a USD 14.3 billion deficit for Brazil this year. As of June, the forecast was for a USD 11.5 billion deficit.
The country saw a USD 435 million surplus in June of this year.
For the third consecutive month, the country registered a current account surplus in April.
March saw revenue outweigh spending by USD 798 million surplus, but year-to-date there was a deficit.