Brazil Current Account Deficit Narrowed in December to $5.9 Billion
January 26 2022 - 09:23AM
Dow Jones News
By Jeffrey T. Lewis
SAO PAULO--Brazil recorded a current-account deficit of $5.9
billion in December, from a deficit of $6.5 billion in November,
the country's central bank said Wednesday.
The 12-month current-account deficit reached $28.1 billion in
December, from $30.8 billion the month before, the bank said.
The 12-month current-account deficit was equal to 1.75% of gross
domestic product, versus 1.90% of GDP reported for the previous
month.
Net foreign direct investment posted a $3.9 billion outflow in
December, from an inflow of $4.6 billion in November, the bank
said. FDI reached $46.4 billion for the 12 months through December,
compared with $51.5 billion in the 12 months through November.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
January 26, 2022 09:08 ET (14:08 GMT)
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