Brazil attracted net foreign direct investment in 2018 of $88.3 billion, the best year for FDI since 2012, the Central Bank said Monday. Net foreign direct investment in 2017 was $70.3 billion. Economists said the rebound in FDI last year was due to Brazil’s slow but steady recovery from a devastating 2015-2016 recession. FDI is expected to remain at robust levels in 2019 as Brazil’s recovery accelerates. In the pre-recessionary year of 2012, Brazil attracted $92.6 billion in net investments. Also Monday, the Central Bank released 2018 current account figures, showing a deficit of $14.5 billion, up from $7.2 billion the previous year. The current account deficit rose because of heavy imports in 2018. Rising imports were a consequence of Brazil’s burgeoning economic recovery.
Link to Central Bank release