Sun, 06 Dec 2020

BRASILIA, Oct. 23 (Xinhua) -- Brazil registered a surplus of 2.3 billion U.S. dollars in current transactions in September, the sixth consecutive month of positive balance, compared to a deficit of 2.7 billion U.S. dollars 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 2.1 billion U.S. dollars in the balance of trade, as well as reductions of 2.1 billion U.S. dollars in the primary income deficit and 885 million U.S. dollars in the services deficit.

The country's current account consists 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 1.6 billion U.S. dollars, compared to 6 billion U.S. dollars during the same month in 2019, while in the 12-month period ending in September, direct investments in the country totaled 50 billion U.S. dollars, or 3.31 percent of GDP.

These figures show that direct investment in the country continues to comfortably finance the negative balance of external accounts.

As to international reserves, inventory reached 356.6 billion U.S. dollars in September, an increase of 514 million U.S. dollars compared to the previous month.

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