Brazil Reaches US$ 19 Billion Deficit for the Year

Brazilian exports For January to May, the deficit in current account transactions, the balance between purchase and sales of products and services between Brazil and abroad, reached US$ 18.748 billion.

The negative result was greater than that registered in the same period in 2009 (US$ 6.602 billion). The figures were disclosed this Tuesday, June 22, by the Central Bank of Brazil (BC).

In May alone, the deficit in current account transactions reached US$ 2.020 billion, against US$ 1.770 billion registered in the same month in 2009. The result for last month was below that estimated by the Central Bank (US$ 2.7 billion).

Every time the country spends more than it receives with sales, it is necessary to finance the deficit through loans or foreign investment. From January to May, foreign direct investment (FDI), funds to be applied in companies in Brazil, totaled US$ 11.414 billion. In May alone, FDI totaled US$ 3.534 billion.

Another form of investment is turned to shares and fixed income papers. From January to May, investment in the area registered net entry (discounting exit) of US$ 19.762 billion. Last month, this value totaled US$ 3.671 billion.

ABr

Tags:

  • Show Comments (1)

  • ch.c.

    Funny……
    that the Current Account (TRADE + SERVICES) gets worse when the economy is BOOMING AND OVERHEATING.

    Think about it !

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Best-seller Books, Plays and Movies

By Brazzil Magazine PLAYS RIO E Aí, Comeu? (Tell Me, Did You Screw Her?)—Comedy. ...

A Brazilian CD Sings Lullabies in 12 Languages

The Lebanese Marie Nabhan has been living in Brazil since 1978, but when her ...

Brazil exports

Brazil Exports 46 Bi and Imports US$ 33 Bi This Year

The trade balance result this year registered a surplus of US$ 4.203 billion in ...

Brazilian Bank Invests Overseas to Win U.S. Markets

Brazil’s National Economic and Social Development Bank (BNDES) made its first disbursement from a credit ...

With Police Help

The stolen car recovery industry is thriving in Rio with over 50 companies making ...

Brazil Congress: The Same Old Story, Corruption, Embezzlement, Impunity

Another case of political corruption has made headlines in Brazil and once again it ...

Brazil Exports to Arabs Jump 7%, but Imports Slide 62%

Brazilian exports to the Arab countries generated US$ 716 million in April, an increase ...

Brazil’s Lula Unveils Today His 5%-a-Year Growth Package

After weeks of delay, Brazilian President Luiz Inácio Lula da Silva announces today his ...

Mexican Coca-Cola Gets Another Big Gulp of Brazil’s Coke Market

Mexico-based KOF, also known as Coca-Cola FEMSA, the largest Coca-Cola bottler in Latin America ...

Brazil: Their Business Are Soccer Jerseys from All Over the World

Supporters of Arab teams who live in Brazil are getting ready to see Saudi ...