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Brazil

Balance of Payments - December 2002

 
Indicator: Balance of Payments
 - Current Account
 - Capital Account
Source: Banco Central do Brasil
Release data: 23 January 2003
Period covered: December 2002
Current reading: Current Account: US$ - 7.8 billion
Capital Account: US$ + 12.0 billion
Previous reading: Current Account: US$ - 9.4 billion
Capital Account: US$ + 10.6 billion
LatinFocus: statistics, chart, forecasts ($)
 

The numbers in detail

 

The Central Bank (BCB, Banco Central do Brasil) reports that:

The current account registered a US$ 106 million deficit in December, down from the US$ 188 million deficit in November.  A US$ 1.8 billion trade surplus and US$ 239 million surplus in unilateral transfers counterbalanced the US$ 2.1 billion deficit in the services and income account.  As a result, the annual current account deficit narrowed from US$ 9.4 billion in November to US$ 7.8 billion.

The capital and financial account registered a US$ 2.1 billion surplus for December, as US$ 576 million in portfolio and financial derivative outflows were offset by US$ 2.6 billion in net direct and other investment inflows.  As a result, the annual capital account surplus widened from US$ 10.6 billion in November to US$ 12.0 billion.

More detailed information available at the Banco Central do Brasil.

Forecasts: This indicator is covered in the LatinFocus Consensus Forecast.  For 5-year projections, including quarterly forecasts for the next two years, please click here

 


 

 

 

 

 

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