Back

LatinNews Daily - 26 September 2024

In brief: Brazil’s current account deficit rises in August

*Brazil’s central bank (BCB) has released its figures for the country’s balance of payments in August, which showed a monthly current account deficit of US$6.6bn, up from the deficit of US$5.2bn registered in July and the US$969m deficit in August last year. The accumulated current account deficit in the 12 months until August 2024 came to US$38.6bn (1.75% of GDP). The trade balance of goods in August this year showed a surplus of US$4.0bn, down from US$8.8bn year-on-year. The BCB also posted a monthly services deficit of US$4.7bn, up from US$3.1bn in the same month last year. Foreign direct investment (FDI) totalled US$6.1bn in August, down from US$7.3bn in August 2023.

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.