Brazil Current-Account Deficit Widens in January to $7.3 Billion

SAO PAULO--Brazil recorded a current-account deficit of $7.3 billion in January, after a deficit of $5.4 billion in December, the country's central bank said Wednesday.

The 12-month current-account deficit reached $9.4 billion in January, compared with a deficit of $12.5 billion the month before, the bank said.

The 12-month current-account deficit was equal to 0.65% of gross domestic product, versus 0.87% of GDP reported for the previous month.

Net foreign direct investment reached $1.8 billion in January, up from $739 million in December, the bank said. FDI reached $33.4 billion for the 12 months through January, compared with $34.2 billion in the 12 months through December.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com


  (END) Dow Jones Newswires
  02-24-21 0804ET
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