Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • Publications
    • Photo Gallery
  • Membership
    • Member Companies
    • Sponsorships
  • DID Member Login

Brazil sees spectacular foreign investment rise in January

February 17, 2017 by

Brazil posted a spectacular rise in foreign direct investment in January, partly due to utilities industry acquisitions and partly from retooling by manufacturers ahead of a hoped-for economic recovery, the Central Bank said Friday. Foreign direct investment in January was $11.5 billion, the highest figure for the month of January since the current methodology was first used in 1995. By contrast, FDI in January 2016 was $5.5 billion. The January figure brought 12-month FDI up to a spectacular $85 billion. Total FDI in 2016 totaled $78.9 billion. Comparatively cheap assets have made Brazil the object of overseas interest in acquisitions, especially among cash-strapped utilities. But multinational companies are also investing in manufacturing capacity as Brazil gears up for a recovery following two years of recession. FDI is more than compensating for Brazil’s modest current account deficits. The current account deficit in January was $5.1 billion for a 12-month figure of $23.8 billion. The current account deficit in 2007 was $23.5 billion, the best performance for overseas Brazilian accounts since 2007. Current account performance has also been aided by rising trade surpluses. Brazil posted a January trade surplus of $2.5 billion. The 2016 trade surplus was a record $47.7 billion.

Link to Central Bank release

More Testimonials

Filed Under: Brazil News

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2021 | Brazil-U.S. Business Council | Privacy Policy