*Brazil’s central bank (BCB) has released its figures for the country’s balance of payments in September, which showed a current account deficit of US$6.5bn. This marks a slight decrease from the deficit of US$6.6bn in August but contrasts with the surplus of US$268m registered in September 2023. The accumulated annual deficit in the 12 months until September this year totalled US$45.8bn (2.07% of GDP). The trade balance of goods in September showed a surplus of US$4.8bn, up from US$4.0 in August but down from US$8.5bn in September last year. Foreign direct investment (FDI) totalled US$5.2bn, down from US$6.1bn the previous month but slightly higher than the FDI of US$5.1bn registered in September last year.
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LatinNews Daily - 30 October 2024
In brief: Brazil’s current account deficit up in yearly terms
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