Brazil had a current account deficit of USD 6.8 billion in October and in the last 12 months, the deficit was USD 49.3 billion, representing 2% of GDP. The chart below shows the evolution of current account balance to GDP in a recent period.
The deficit in current account have been financed by inflows of foreign direct investment, which reached USD 60 billion accumulated in 2011.
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| Source: Central Bank of Brazil |
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