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Brazil 2020 current account deficit $12.5 bln, worth 0.87% of GDP - central bank

·1 min read

BRASILIA, Jan 27 (Reuters) - Brazil posted a current account deficit of $5.4 billion in December, the central bank said on Wednesday, the first deficit in nine months and contributing to an overall deficit last year of $12.5 billion.

The nominal deficit last year was the smallest since 2007, and was worth 0.87% of gross domestic product, the smallest annual deficit as a share of GDP since 2017.

Foreign direct investment in December totaled $739 million, the central bank said, bringing the 2020 total to $34.2 billion, roughly half the $69.2 billion recorded the year before. (Reporting by Camila Moreira and Jamie McGeever; Editing by Andrew Heavens)