BRASILIA, Aug. 26 (Xinhua) -- Brazil recorded 39.71 billion U.S. dollars in foreign direct investment (FDI) between January and May this year, the largest inflow of resources since 2011, according to the external accounts report released Friday by the Central Bank of Brazil.
FDI in the country grew compared to the same period in 2021, when it was 26.13 billion U.S. dollars.
In May, the net inflow of resources was 4.5 billion U.S. dollars, an increase from the same month in 2021, when it was 2.2 billion U.S. dollars.
In the last 12 months ending May, FDI totaled 60 billion U.S. dollars, equivalent to 3.45 percent of Brazil's gross domestic product (GDP).
In 2021, FDI in the South American country was 46.44 billion U.S. dollars, and the central bank expects it to reach 55 billion U.S. dollars by the end of this year.
Meanwhile, Brazil's external accounts registered a deficit of 3.5 billion U.S. dollars in May, after a surplus of 2.5 billion U.S. dollars in the same month last year.
According to the central bank, this year's deficit hike is mainly related to a worsening in services accounts, due to more expenses abroad, as well as income accounts. ■
