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LatinNews Daily - 27 January 2022
In brief: FDI to Brazil picked up in 2021
* Brazil’s central bank (BCB) has released the latest figures for the external sector, which show that foreign direct investment (FDI) to Brazil recovered last year after plunging in 2020. FDI to Brazil totalled US$46.4bn (2.89% of GDP) in 2021, up 22.5% on the US$37.8bn (2.61% of GDP) recorded in 2020. The overall recovery in FDI came despite Brazil posting negative FDI of US$3.9bn in December, due to negative numbers in reinvested profits and inter-company operations. The BCB has also reported that Brazil posted an annual current account deficit of US$28.1bn last year, equivalent to 1.75% of GDP.
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