Country saw its smallest current account result in three years. The widening of the trade balance surplus was a factor.
Browsing: current account
Brazil recorded a current-account deficit of USD 2.4 billion in February, down from a year earlier.
February posted a deficit in foreign transactions, purchase and sale of goods and international income transfers.
Brazil’s current account result in 2019 was the worst in four years, Central Bank reported.
Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
At USD 7.8 billion, the deficit in October was the widest for the month since 2014.
The deficit in goods and services trade and income transfers in September was far wider than a year ago.
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.
Expenditure during international trips was up 2.44% year-on-year to USD 1.5 billion.
Surplus reached USD 662 million last month. This was driven by the trade balance, particularly agricultural exports.
Although February saw a negative result, the deficit was narrower than a year ago.
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.
That’s the deficit of the government’s current account in September. It was the second largest deficit ever for the month.
Dollar outflow in Brazil surpassed inflow in more than USD 6 billion in September.
