Bras\u00edlia \u2013 Current account transactions between Brazil and foreign countries posted a US$ 3.4 billion deficit in February, although the balance of payments recorded a surplus of US$ 9.6 billion in the same month, according to the Foreign Sector Report issued this Friday (25th) by the Central Bank. As a result, the accumulated current account transaction deficit in the last 12 month period is US$ 49.2 billion, equivalent to 2.31% of the Gross Domestic Product (GDP) \u2013 the sum of all wealth produced in the country.<\/p>\n
According to a report by the Economic Department of the Central Bank, the country’s financial account recorded a net inflow of US$ 12.8 billion, the highlight being the inflow of US$ 7.7 billion into foreign direct investment (FDI) in the productive sector and the US$ 2.1 billion return on Brazilian investment abroad.<\/p>\n
The services account posted a US$ 2.2 billion deficit, representing an increase of 6.4% over February of last year, featuring greater net spending on international travel (US$ 761 million), which grew by 54.1% compared with February 2010, and on transport (US$ 441 million), which grew by 7% using the same basis of comparison.<\/p>\n
Net remittances to foreign countries reached US$ 2.9 billion, representing growth of 56.6% over the same month of 2010, resulting mostly from net outflows of income from direct investment, which reached US$ 2.2 billion, 77.3% more than in February last year.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Current account transactions between Brazil and foreign countries have posted a deficit of US$ 3.4 billion in February, according to the Central Bank.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-37637","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Current account transactions between Brazil and foreign countries have posted a deficit of US$ 3.4 billion in February, according to the Central Bank.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=37637"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37637\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=37637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=37637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=37637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}