Foreign accounts see $2.2 bi surplus in June

Brazil reported a positive balance for its foreign accounts in June, the Central Bank stated today (Jul. 28). The surplus in current accounts—purchases and sales of goods and services and income transfers from Brazil to other countries—added up to $2.235 billion. This was the third consecutive month of surplus, and, as per revised data, the highest positive balance for June in this Central Bank time series, initiated in 1995. In June 2019, the country posted a $2.659 billion deficit.

In the first half-year, current transactions had a deficit of $9.734 billion, down 53.6 percent year-on-year, when the negative balance stood at $20.998 billion.

In the 12-month period ending in June, the deficit was reported at $38.2 billion (2.35 percent of the gross domestic product), compared to $43.1 billion (2.58 percent of the GDP) until the month before.