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Direct investment in the country reaches US$ 5.5 billion in October, an annual increase of 60%, says BC

Direct investments in the country totaled US$ 5.5 billion in October this year. According to the External Sector Statistics note of the Central Bank of Brazil (BCB), released this Friday (25), of the total amount invested in the month, US$ 3.8 billion were in equity participation, while US$ 1. 7 billion were related to intercompany transactions.

Compared to October 2021, the IDP (Direct Investments in the Country) recorded an increase of around 60%, since, last year, direct investments totaled around US$ 3.4 billion. From January to October of this year, the indicator reached the mark of US$ 73.9 billion, while in the same period of 2021, the value was US$ 46.5 billion.

Also according to the Central Bank, current payment transactions registered a deficit of US$ 4.6 billion in October this year, while in the same period of 2021, a deficit of US$ 6 billion was registered.

In the last twelve months, until October of this year, the current account deficit totaled US$ 60.3 billion (3.31% of GDP), against US$ 61.7 billion (3.43% of GDP) in the previous month and US$ 41.9 billion (2.63% of GDP) in October last year.

Spending by Brazilians abroad

The balance of travel expenses registered a deficit of US$ 653 million, that is, Brazilians spent more abroad than foreigners in Brazil. According to the Central Bank, in October of this year, a total of US$ 413 million was spent by foreigners in Brazil, while Brazilians spent around US$ 1.06 billion abroad.

Until October of this year, the balance already registers a deficit of US$ 6.01 billion. That’s because, during that period, US$4.03 billion was spent in Brazil, and US$10.05 billion was spent by Brazilians abroad.

Source: CNN Brasil

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