*Brazil’s central bank (BCB) has released the latest figures for the country’s balance of payments, showing a monthly current account deficit of US$1.8bn in April. This marks a wider deficit compared to US$1.6bn in April last year. The accumulated annual deficit for the 12 months through April 2026 stood at US$64.3bn (2.66% of GDP), up slightly compared to US$64.2bn in the 12 months through March but down from US$73.9bn in the 12 months through April 2025. The trade balance of goods in April this year showed a monthly surplus of US$9.7bn, up from the surplus of US$7.0bn in the same month last year, whereas the balance of services showed a monthly deficit of US$5.0bn, up from US$4.1bn. Brazil’s monthly primary income deficit totalled US$6.8bn, which marked a 35.5% year-on-year rise. Meanwhile, foreign direct investment (FDI) in April this year totalled US$8.9bn, up from US$5.4bn in April 2025.
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