*Brazil’s central bank (BCB) has released its latest figures for the country’s balance of payments, showing a current account deficit of US$2.5bn in April. This marks a significant increase from the deficit of US$247m registered in April 2023, but it is down from the deficit of US$4.6bn registered in March this year. The accumulated current account deficit for the 12 months to April 2024 came to US$35.3bn (1.57% of GDP), down from the accumulated deficit of US$50.6bn (2.52% of GDP) in the 12 months to April 2023. The trade balance of goods registered a surplus of US$6.8bn in April 2024, marking a year-on-year decrease from a US$7.4bn surplus in the same month last year. Foreign direct investment (FDI) in April this year totalled US$3.9bn, up in yearly terms from US$3.1bn.
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LatinNews Daily - 28 May 2024
In brief: Brazil’s current account deficit up in annual terms
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