Brazil registers external surplus of USD2.3B in September

BRASILIA (XINHUA) – Brazil registered a surplus of USD2.3 billion in current transactions in September, the sixth consecutive month of positive balance, compared to a deficit of USD2.7 billion during the same period in 2019, the Central Bank of Brazil reported on Friday.

According to the Central Bank, the September surplus was the result of USD2.1 billion in the balance of trade, as well as reductions of USD2.1 billion in the primary income deficit and USD885 million in the services deficit.

The country’s current account comprises of the balance of trade, the services and income account, and unilateral transfers, which are resources sent by Brazilians living abroad.

In September, direct investment in the country reached USD1.6 billion, compared to USD6 billion during the same month in 2019, while in the 12-month period ending in September, direct investments in the country totalled USD50 billion, or 3.31 per cent of gross domestic product (GDP).