In the first half of this year, the net value of direct investments in the country (IDP) totaled US$ 52.6 billion, and exceeds the value of the entire year of 2021. According to the external sector statistics note of the Central Bank of Brazil ( BCB), net investments in the country in 2021 totaled US$ 46.4 billion.
In July of this year alone, the IDP was US$ 7.7 billion. Compared to the month of July 2021, this represents a nominal increase of $1.07 billion. In relation to June this year, the value represents an increase of US$ 2.5 billion.
According to the Central Bank, in July this year, investment inflows into the country were US$ 11.6 billion, while outflows were US$ 3.9 billion. The net, inflow and outflow of capital from the country are the highest for a month since February this year.
Current payment transactions registered a deficit of US$ 4.1 billion in July this year, compared to a deficit of US$ 1.2 billion in July 2021.
In the comparison between the months of July of this 2022 and 2021, there was a reduction of US$ 2.1 billion in the balance of trade of goods. While the deficit in services and in primary income increased, respectively, by US$790 million and US$179 million.
travel expenses
Spending by Brazilians on trips abroad was US$ 7.03 billion in the first half of this year. While foreign spending in Brazil was US$ 2.7 billion, which represents a negative balance of US$ 4.2 billion.
As of July 2022, the net balance was also negative by $661 million. This was the result of spending US$ 389 million by foreigners in the country, while Brazilians consumed US$ 1.04 billion abroad in the same period.
international bookings
International reserves totaled US$346.4 billion in July 2022, which represents an increase of US$4.4 billion from the previous month.
According to the BC, the result was mainly due to “price variations and interest income, which contributed to increase the stock by US$ 3.9 billion and US$ 540 million, respectively.”
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
